BIR Ruling No. 088-65

August 12, 1965 BIR RULING NO. 088-65 Mr. Crispin Llamado 393-395 Barraca Street Binondo, Manila S i r : Reference is made to your letter dated April 27, 1965 requesting information as to the kind of internal revenue tax your client is liable to pay on his business of cutting imported cold roll steel strips into sizes for sale to other person who will manufacture the same into ice box freezers, pails ("timba"), etc. In answer thereto, I have the honor to inform you that your client, in converting the so-called cold roll steel strips into desired sizes for resale is considered a manufacturer, subject to the P20.00 fixed annual tax and to the 7% sales tax on his gross sales prescribed by Sections 182(A)(1) and 186, both of the National Internal Revenue Code. aisadc Very truly yours, (SGD.) BENJAMIN N. TABIOS Acting Commissioner of Internal Revenue