BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jan 18, 1974
Full text
January 18, 1974 The General Manager Falcon Brokerage Co., Inc. Rm. 403 Pacific Bank Bldg. 460 Rosario St., Manila S i r : This refers to your letter dated January 17, 1974 requesting information as to the correct rate of tax applicable to the importation of your client, Malabon Soap & Oil Industries Co., Malabon, Rizal, of six (6) drums of aromatic hydrocarbons to be used in the manufacture of its Navy Laundry Soap. In reply, I have the honor to inform you that the importation of your aforesaid client of aromatic hydrocarbons to be used in the manufacture of its laundry soap product is subject to the 7% advance sales tax based in 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 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."
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