Tax Rate on the Business of Manufacturing Toilet Preparations

October 5, 1959 BIR RULING NO. 498-59 Mr. Manuel Monsalud Forest Products Research Institute University of the Philippines Laguna S i r : In answer to your letter dated September 1, 1959, I have the honor to inform you that if you are to engage in the business of manufacturing toilet preparations, you shall be subject to the manufacturer's fixed and percentage taxes prescribed by sections 182 and 184 of the Tax Code. The fixed tax is P20.00 per annum and the sales tax is 50% of the gross selling price of the manufactured products less the total cost of the raw materials used in the manufacture which had been previously subjected to the same rate of tax as the manufactured products. Within ten (10) days after payment of the fixed tax, you must register with the city revenue officer, if in Manila, or with the provincial revenue officer, or the city or municipality treasurer, if in the province, in case no provincial revenue officer is assigned to the province, your name or style, place of residence and place where the business is to be carried on. You must also keep the books of accounts and other records prescribed by Revenue Regulations No. V-1, The Bookkeeping Regulations. In connection with your query regarding the location and specification of factory buildings, you are informed that the regulation of such matters is not within the province of this Office. Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue