Firm Engaged in Processing of Banana Chips Solely for Export Exempt from Payment of Percentage Tax
BIR Ruling No. 099-85 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 25, 1985
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June 25, 1985 BIR RULING NO. 099-85 202 (d) 000-00 099-85 Gentlemen : In reply to your letter dated January 10, 1985, please be informed that, for engaging in the business of processing of banana chips solely for export you are exempt from the payment of percentage tax and the filing of quarterly percentage tax returns pursuant to Section 202(d) of the Tax Code as amended. Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner
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