Purchase of Surface, Plane or Recut Lumber
BIR Ruling No. 349-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jul 27, 1959
Full text
July 27, 1959 BIR RULING NO. 349-59 Asiatic Lumber Co., Inc. 2037 Juan Luna M a n i l a Gentlemen : In reply to your letter dated July 20, 1959, I have the honor to inform you as follows: For the purchase of lumber which you surface, plane or recut for the purpose of resale, you are not thereby constituted manufacturers but mere dealers subject only to the graduated fixed annual tax prescribed by section 182(A)(2) of the Tax Code. You are not also thereby constituted contractors because those contemplated by section 191 of the Tax Code are sawmills under contract to saw and/or cut logs belonging to others for a fee. prcd Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.