BIR Ruling No. 262-61
BIR Ruling No. 262-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 23, 1961
Full text
June 23, 1961 BIR RULING NO. 262-61 With reference to your letter . . . , I have the honor to inform you that under Section 1 of Republic Act No. 2707, the International Rice Research Institute or its successors is exempt only from taxes for which it is directly liable. The tax due on local purchases of the Institute from manufacturers or producers is the direct liability of the letter. Accordingly, the local purchases of the Institute are subject to the sales tax, the same to be payable by the manufacturers or producers of the articles purchased. LexLib
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