BIR Ruling No. 416-61
BIR Ruling No. 416-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jan 1, 1961
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1961 BIR RULING NO. 416-61 In reply to your letter . . . , requesting reconsideration of B.I.R. Ruling No. 47, series of 1960, I have the honor to inform you that after a restudy of the matter, this Office arrived at the conclusion that a fishing operator and/or fisherman who converts his catch into "buro" by adding water and salt only is exempt from the fixed and sales taxes, pursuant to Section 188(b) of the Tax Code and the doctrine laid down in the case of Philippine Packing Corporation vs. Collector of Internal Revenue, G.R. No. L-9040, December 26, 1956. cdll
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