BIR Ruling

February 8, 1967 Mr. Leo S. Dacanay 16 North Lawin Phil-Am Houses Quezon City S i r : This refers to your letter of even date stating that you are a naturalized American citizen with the U.S. Navy assigned here in the Philippines for the last two years; that when you arrived in the Philippines, you brought with you a 1965 Chevrolet car; that being with the U.S. Navy, you were issued an "E" car plate; and that you are now reassigned back to the United States, leaving behind the aforecited car for the use of your family. prll You now request information whether you can leave the car for the use of your family without incurring any tax liability thereof. In reply, I have the honor to inform you that as you are a qualified tax-exempt person under the provisions of the U.S.-P.I. Military Bases Agreement your continued possession of the foregoing car for the use of your family after you are reassigned abroad will not render you liable for the payment of the compensating tax thereon. cdta Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue