Tax Imposed on Sugar Used in the Manufacture of Bread
BIR Ruling No. 452-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 25, 1958
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August 25, 1958 BIR RULING NO. 452-58 Mr. Jesus E. Villamor P. O. Box 65 Cebu City S i r : With reference to your letter dated July 21, 1958 I have the honor to inform you that sugar used in the manufacture of bread is considered as raw material in the computation of the monthly percentage tax to be paid by the bakery. As such raw material, the cost of the same is deductible from the gross selling price of the manufactured articles for purposes of the sales tax on said manufactured articles provided that the 2% tax imposed by Section 189 of the Tax Code had previously been paid on said sugar. cdpr Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue
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