Start of Rice Mill Business
BIR Ruling No. 625-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 22, 1959
Full text
December 22, 1959 BIR RULING NO. 625-59 Mr. Victor Garate Atimonan, Quezon S i r : In answer to your letter dated November 26, 1959, I have the honor to inform you that at the start of business a rice mill operator shall pay a fixed annual tax of twenty pesos (P20.00) and a percentage tax of 2% of the gross value of all the rice and by-products milled, based on the actual selling price or market value of said products at the time they leave the mill warehouse, pursuant to sections 182(A)(1) and 189 of the Tax Code. The operator or proprietor is not exempt from any of the aforesaid tax although he employs exclusively in the operation of the mill, members of his family. cdt Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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