BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Apr 14, 1975
Full text
April 14, 1975 Mr. Romeo S. Rojas General Manager Kolor Industries, Inc. P.O. Box 90, Quezon City S i r : This refers to your letter dated April 11, 1975 requesting information as to the rate of advance sales tax applicable to your importation of rubberized automotive fan belts. In reply, I have the honor to inform you that it being represented that the imported fan belts are of the types commonly used by trucks, busses, jeeps and oftentimes by factories and small industries that need belts to run for their griding motors, industrial blowers and industrial machineries, and it appearing in the brochure that the imported fan belts are of general use, the same are subject to the 7% advance sales tax, the tax to be based on the landed cost thereof plus 25% mark-up pursuant to Section 183(b) in relation to Section 186, both of the Tax Code. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN 1601-593-5
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