Cost of Raw Materials Imported Tax-Free by Tax-Exempt Industries Prior to January 1, 1959
BIR Ruling No. 297-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 12, 1959
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June 12, 1959 BIR RULING NO. 297-59 San Miguel Brewery M a n i l a Attention : Mr . D . T . Reyes Gentlemen : With reference to your letter dated March 23, 1959, I have the honor to inform you that the cost of raw materials imported tax-free by tax-exempt industries prior to January 1, 1959 and subsequently used by the latter on or after said date as raw materials is not, for purposes of the sales tax, deductible from the gross selling price of the articles manufactured therefrom, pursuant to the ruling contained in the 2nd Indorsement of the Secretary of Finance dated April 23, 1959. Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue
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