BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jul 13, 1970
Full text
July 13, 1970 Commissioner Rolando G. Geotina Bureau of Customs Manila S i r : This refers to your letter dated June 25, 1970 requesting information as to the correct rate of advance sales tax applicable to electron tubes imported by Limcas Trading, which was declared as subject to 7% advance sales tax with a mark-up of 25% under Authority to Release Imported Goods No. BT-011885 dated June 8, 1970. In reply, I have the honor to inform you that it appearing upon examination that the electron tubes are actually horizontal deflection amplifier tubes used in television receivers, the same are subject to the 40% advance sales tax based on the landed cost thereof plus 50% mark-up pursuant to Section 183(b) in relation to Section 185-B, both of the Tax Code, as amended. Very truly yours, MISAEL P . VERA Commissioner of Internal Revenue
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