Tax status of Sayson Trading Company
BIR Ruling No. 282-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 30, 1960
Full text
June 30, 1960 BIR RULING NO. 282-60 Mr. Clemente J. Celso Certified Public Accountant Suites 314-315 Yuchengco Bldg. Rosario, Manila S i r : In reply to your letter dated June 23, 1960, I have the honor to inform you as follows: Your client, Sayson Trading Company, for engaging in the business of purchasing the products of the Sta. Clara Lumber Co., Inc. and the Plywood Industries, Inc. for the purpose of resale, it constituted a mere dealer subject to the graduated fixed tax prescribed by section 182 of the Tax Code. Its status as such dealer is not altered by reason of the trade discounts extended it by the producers. The extension to your client of trade discounts does not of itself alone constitute your said client a broker. Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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