Taxability of Face Mirrors Assembled from Locally Purchased Materials
BIR Ruling No. 474-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 27, 1958
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August 27, 1958 BIR RULING NO. 474-58 Messrs. Uy, Lusuan & Co. 589 Rosario Street Binondo, Manila Gentlemen : With reference to your letter dated July 21, 1958, requesting information relative to the taxability of face mirrors assembled from locally purchased materials, I have the honor to inform you that such articles are subject to the sales tax prescribed under Section 186 of the Tax Code. prll For purposes of the sales tax, the cost of raw materials purchased from tax-exempt industries is now deductible from the gross selling price of the manufactured articles, pursuant to Section 186-A of the Tax Code. However, only the cost of raw materials purchased on or after June 22, 1957 is deductible. Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue
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