BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Nov 16, 1977
Full text
November 16, 1977 Mr. Bhagi Mirani Bhagi's Trading Rm. 405-413 State Investment Bldg/ 239 Juan Luna Street Manila S i r : In reply to your letter dated August 3, 1977, you are advised that the lace fabrics and rubberized knitted fabrics which you intend to import and use in the manufacture of brassieres and draperies are subject to the 40% advance sales tax, the tax to be based on the landed cost thereof plus 50% mark-up pursuant to Section 193(b) [formerly Section 183(b)] in relation to Section 196(p) [formerly Section 185 (p)], both of the Tax Code of 1977. Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-P4519-F2828-A-8
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