Implementing Rules and Regulations of Republic Act No. 10909, or the No Shortchanging Act of 2016
DTI Department Administrative Order No. 16-03, s. 2016 • Implementing Rules and Regulations • Department of Trade and Industry • Dec 21, 2016
Full text
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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