Deductibility of the Cost of Bond Paper Used in Wrapping Manufactured Ice Drop
BIR Ruling No. 095-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 9, 1960
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March 9, 1960 BIR RULING NO. 095-60 Mr. Feliciano D. Simon 1279 Azcarraga St. M a n i l a S i r : In reply to your letter of even date, requesting opinion as to whether the cost of bond paper used in wrapping manufactured ice drop is deductible from gross sales, I have the honor to inform you that the cost of the bond paper which is used as substitute for grease proof in wrapping ice drop is deductible, provided the purchases thereof are properly supported with invoices or receipts. aisadc Very truly yours, MISAEL P. VERA Deputy Commissioner of Internal Revenue
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