Annual Fixed Tax of P200 Imposed Only on Persons Required to Pay the Percentage Tax
BIR Ruling No. 182-86 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 17, 1986
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September 17, 1986 BIR RULING NO. 182-86 161 (I) 069-86 182-86 S i r : In reply to your letter dated April 29, 1986, please be informed that the annual fixed tax of P200.00 prescribed under Section 161(I) of the Tax Code, is imposed only on persons who are required to pay the percentage tax. Agricultural products in their original state are now taxable at zero percent (0%) rate pursuant to Section 163(3) of the Tax Code, as amended by Executive Order No. 36. This means that said products are not subject to the percentage tax. Such being the case, producers of agricultural products in their original state are not subject to the said annual fixed tax of P200.00. Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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