BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jun 16, 1976
Full text
June 16, 1976 The President Multi Industrial Trading Corporation P. O. Box 2298 Manila S i r : This refers to your letter dated May 10, 1976 requesting a confirmatory ruling that your importations of PVC (Polyvinyl Chloride) coated continuous filament (high tenacity) nylon fabrics, are subject to the 7% advance sales tax with a 25% mark-up. In reply, I have the honor to inform you that it appearing in the brochure and samples of the PVC COATED HIGH TENACITY CONTINUOUS FILAMENT INDUSTRIAL NYLON FABRIC that they are used as ship cover, cargo storage cover, concrete during cover, ventilation pipe for mining excavation, irrigation channel lining, container bag, portable water container, screen, shelter tent, protective cloth, air line company's cover, machine cover, field cover, etc., the same are ordinary articles 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. aisa dc Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."
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