Non-Affixture of BIR Strip Stamps and Secondary Label on Compounded Liquors
BIR Ruling No. 413-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 25, 1988
Full text
August 25, 1988 BIR RULING NO. 413-88 100 05-88 413-88 Gentlemen : This refers to your letter dated May 6, 1988 requesting information as to whether you can retire your business as rectifier of under-bond alcohol under Assessment No. A-1-1633-A. However, in your subsequent letter dated May 30, 1988, you stated that you are withdrawing your application for retirement of your aforesaid rectifier business permit; that after you have exhausted all your BIR Strip Stamps and secondary label, you will no longer affix said BIR Strip Stamps in all your products. In connection therewith, please be informed that you are no longer required to affix BIR Strip Stamps and secondary label on your compounded liquors beginning January 1, 1988 in view of the repeal of the excise tax provision on compounded liquors by Executive Order No. 273 effective said date. However, said compounded liquors are subject to the 10% value-added tax under Section 100 of the Tax Code. Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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.