Taxability of a Person Who Purchases Big Spools of Thread
BIR Ruling No. 548-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 30, 1958
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September 30, 1958 BIR RULING NO. 548-58 5th Indorsement Returned, thru the Regional Director and the City Revenue Officer to the Chief, Manila Agents, Manila, the papers bearing on the case of See Suy, Int. 1001 Felipe II, Binondo, Manila. A person who purchases big spools of thread for the purpose of rewinding the same into smaller spools preparatory to the resale thereof is subject to the graduated fixed annual tax only. (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue
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