BIR Ruling No. 101-61
BIR Ruling No. 101-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 3, 1961
Full text
April 3, 1961 BIR RULING NO. 101-61 Messrs. Stewart, Cunanan & Co. 107 13th St., Port Area P. O. Box 2288 Manila S i r : In reply to your letter dated March 22, 1961, I have the honor to inform you that only the cost of raw materials purchased from tax-exempt industries, which are otherwise subject to the sales tax, is deductible from the gross selling price of the articles manufactured therefrom. Articles supplied under Section 191 of the Tax Code relating to contractors are not deductible as raw materials. Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.