BIR Ruling No. 276-61

August 4, 1961 BIR RULING NO. 276-61 In reply to your letter . . . , I have the honor to inform you that the seemingly conflicting provisions of BIR Ruling No. 323 dated June 11, 1958 and BIR Ruling No. 509 dated October 19, 1959, on one hand, and Section 188(b) of the Tax Code as amended by Republic Act No. 1856, on the other, have been resolved by a ruling of this Office dated March 27, 1961, the disposition part of which is quoted below: ". . . that a fishing operator and/or fisherman who dries his catch or converts them into 'buro' or 'bagoong' by adding water and salt only is exempt from the fixed and sales taxes, pursuant to Section 188(b) of the Tax Code and the doctrine laid down in the case of Philippine Packing Corporation vs. Collector of Internal Revenue, G. R. No. L-9040, December 21, 1959, (BIR Ruling No. 89, Series of 1961) aisadc