Tax Exemption of Mateo Niemic Frades
BIR Ruling No. 233-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 7, 1958
Full text
April 7, 1958 BIR RULING NO. 233-58 3rd Indorsement Respectfully returned to the Honorable, the Secretary of Finance, Manila, the within papers bearing on the request for exemption from tax of Mr. Mateo Niemic Frades, enclosing therewith a copy of the self-explanatory 3rd indorsement of this Office to the Department dated May 16, 1957. It is informed in addition that, if Mr. Frades is referring to eateries within the public market, such eateries are subject to the fixed and percentage taxes prescribed in Sections 182 and 191 of the Tax Code. However, if their gross monthly sales or receipts do not exceed P200.00, they are exempt from the fixed tax, but they remain subject to the percentage tax regardless of the amount of their monthly sales. It may be stated that the gross sales of eateries in public markets generally exceed P200.00 a month. cdll (SGD.) JOSE ARAAS Commissioner of Internal Revenue
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