BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Sep 14, 1971
Full text
September 14, 1971 The Collector of Customs Manila International Airport Pasay City Attention: Mr . Dominador S . Ronquillo S i r : This refers to your letter dated September 9, 1971 requesting information as to the rate of advance sales tax applicable to the importation of Winston Parts Sales Company of shock absorbers. cdt In reply, I have the honor to inform you that the imported shock absorbers are subject to the 7% advance sales tax 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. cdi Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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