Tax Deductibility on the Cost of Raw Materials Purchased from Tax-exempt Industries
BIR Ruling No. 325-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 17, 1958
Full text
June 17, 1958 BIR RULING NO. 325-58 San Miguel Brewery, Inc. Manila Attention : Mr . D . T . Reyes Attorney-in-Fact Gentlemen : In reply to your letter dated April 18, 1958, requesting information as to whether or not the cost of raw materials purchased from tax-exempt industries during the four-year period starting from January 1, 1959 when said industries are enjoying only a partial exemption is deductible from the gross selling price of the articles manufactured therefrom for purposes of the sales tax, I have the honor to inform you in the affirmative. cdll Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue
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