BIR Ruling No. 205-82
BIR Ruling No. 205-82 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 24, 1982
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June 24, 1982 BIR RULING NO. 205-82 192-2 000-00 205-82 Peacock Trading, Inc. Km. 12 MacArthur Highway Marulas, Valenzuela Metro Manila Attention: Mr . Jose L . Bautista President Gentlemen : This refers to your letter dated February 5, 1982 requesting a ruling on the privilege tax you will pay on your business of buying and selling cotton and polyester thread waste. It is represented that you buy soiled and disarranged cotton and polyester thread waste materials from textile mills; that you sort these waste materials by taking out unnecessary foreign materials and then pass them through a cutting machine to have more or less a uniform length of fiber; that afterwards, the waste materials are ran through the recycling machine where they are loosened and cleaned ready for sale to textile factories; that both machines are run by electric power and that no other materials or chemical are used in the said procedure. In reply, please be informed that under the foregoing facts, you are a dealer subject to the graduated fixed annual tax prescribed in Section 192(2) of the Tax Code, as amended. Very truly yours, RUBEN B. ANCHETA Acting Commissioner
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