Tax Exemption of Dealer of Locally Purchased Hardware Articles and Importer

February 25, 1958 BIR RULING NO. 147-58 Youngs Hardware Co. EMA Building 1411-1413 Azcarraga Manila Gentlemen : Referring to your letter of the 24th instant, I have the honor to inform you that, if as claimed therein, you are a dealer of locally purchased hardware articles and importer thereof at the same time, your subsequent sales of such articles to government bureaus, offices, and agencies are not subject to the withholding provisions of Republic Act No. 1051, in relation to Revenue Regulations No. V-40, because, as dealer of locally purchased hardware articles, you are not subject to any percentage tax, and as importer, the advance sales tax due on your importations are paid prior to the release thereof from customs custody, provided that said importations are made after February 16, 1951. LexLib Very truly yours, (SGD.) MELECIO R. DOMINGO Deputy Commissioner of Internal Revenue