BIR Ruling No. 363-61
BIR Ruling No. 363-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 22, 1961
Full text
August 22, 1961 BIR RULING NO. 363-61 Mr. Rosendo Bernardo c/o Bernardo Rice & Corn Mill Kidapawan, Cotabato S i r : In reply to your letter dated July 20, 1961, I have the honor to inform you that for shelling your own corn produce in your Corn Sheller, you are not subject to the 3% tax under Section 191 of the Tax Code. If you shell the corn produce of others for a fee, you become subject to the fixed and percentage taxes prescribed by Sections 182 and 191 of the Tax Code. In the milling of your own corn produce in your Corn Miller, you are subject to the 2% tax of the gross value in money of the corn milled, such tax to be based on the actual selling price or market value of the milled corn at the time they leave the mill warehouse as prescribed in Section 189 of the Tax Code. cdtech Very truly yours, (SGD.) MISAEL P. VERA Deputy 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.