5% Excise Tax on Metallic Minerals
BIR Ruling No. 182-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • May 4, 1988
Full text
May 4, 1988 BIR RULING NO. 182-88 151 (a) (3) 000-00 182-88 Gentlemen : In reply to your letter dated February 1, 1988, please be informed that metallic minerals are now subject to 5% excise tax based on the actual market value of the gross output thereof at the time of removal, in the case of those locally extracted or produced; or the value used by the Bureau of Customs in determining tariff and customs duties, net of excise tax and value-added tax, in the case of importation pursuant to Section 151(a)(3) of the Tax Code as amended by Executive Order No. 273. Said products are no longer subject to the royalty tax. Moreover, if the mineral products are exported abroad, the gross sales derived therefrom are exempt from the value-added tax. If the firm is VAT-registered, the export sales are automatically subject to zero rate. (Section 100(a)(1), Tax Code as amended by Executive Order No. 273). Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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