Sales of Limestone Subject to 1.5% Tax on Subsequent Sales
BIR Ruling No. 142-86 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 4, 1986
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August 4, 1986 BIR RULING NO. 142-86 161 (1) 165 (B) 000-00 142-86 S i r : This refers to your letter dated June 4, 1986 stating, among others, that you are a trader of construction materials and at present buying and selling ready cut limestones (2' * 4" * 8") from several concessionaires; that you will split these stones into two (2) pieces by using circular saw and come out with two (2) pieces stones; and that there is no polishing or finishing done on the said limestone. Based on your representation, you now request information as to whether you are subject to any percentage tax. In reply, I have the honor to inform you that under the foregoing facts, your sales of limestone are subject to the 1.5% tax on subsequent sales prescribed under Section 165(B) of the Tax Code, as amended. aisadc Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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