Manufacturer of Mastiseal Subject to Annual Fixed Tax of P100.00 and to 10% Sales Tax

August 9, 1985 BIR RULING NO. 124-85 199-a 000-00 124-85 Gentlemen : This refers to your letter dated April 18, 1985 requesting in effect confirmation of your opinion that your manufactured Mastiseal 1517-G, Mastiseal 7012-F and Mastiseal 4019 are subject to the 10% sales tax under Section 199(a) of the Tax Code. Investigation conducted in this case shows that your company is engaged in the manufacture of asphalt based sealant known as mastiseal, specifically mastiseal 1517-G, Mastiseal 7012-F and Mastiseal 4019; that these products are produced from the combination/blending of the tax paid raw materials, i.e., asphalt with petroleum based base stocks, chemicals and other additives. In reply, please be informed that you come within the purview of a manufacturer of mastiseal under Section 187(x) of the Tax Code, as amended, subject to the annual fixed tax of P100.00 and to the 10% sales tax pursuant to Sections 192(1) and 199(a) of the same Code. Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner