BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Dec 17, 1976
Full text
December 17, 1976 Importation of Gold-Plated Rotary Club Lapel Pins This refers to your letter dated August 19, 1976 requesting reconsideration of the ruling issued by the Chief, Finance Revenue Service holding that your importation of gold-plated Rotary Club Lapel Pins, which will be distributed to the members of your club for use as insignia is subject to 70%. In reply, I have the honor to inform you that under Section 184(a) of the Tax Code, imported articles made of, or ornamented, mounted or fitted with, precious metals or imitations thereof or ivory are subject to 70% tax. The term "imitations thereof" include platings and alloys of such metals. As the Lapel Pins which you intend to import are gold-plated, they are subject to 70% compensating tax, pursuant to Section 184(a) in relation to Section 190, both of the Tax Code. The ruling of the aforementioned official being in accordance with law, your request for reconsideration of said ruling is hereby denied. cdta
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