Exemption from 1% Sales Tax — Wholesalers and Retailers of Agricultural Products
BIR Ruling No. 113-79 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 12, 1979
Full text
December 12, 1979 BIR RULING NO. 113-79 In reply to your letter dated July 20, 1978, please be informed that dealers, wholesalers and retailers of agricultural products are not subject to the 1% sales tax prescribed by Section 198 of the Tax Code, as amended by Presidential Decree No. 1358. They are subject to the graduated annual fixed tax prescribed under Section 192 (2) of the Tax Code.
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