BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Apr 8, 1970
Full text
April 8, 1970 Mr. Venancio T. Chan General Manager Noche-Chan Associated Marketing Corp. Rm. 608 Enterprise Bldg. Rosario St., Manila S i r : This refers to your letter dated March 25, 1970 requesting information as to the correct rate of advance sales tax applicable to Koshin Steam Bath apparatus which you plan to import. In reply, I have the honor to inform you that the Koshin Steam Bath apparatus falls within the purview of electric water heaters under Section 185(i) of the Tax Code. Such being the case, the same is subject to the 40% advance sales tax based on the landed cost thereof plus 50% mark-up pursuant to Section 183(b) in relation to Section 185(i), both of the Tax Code, as amended by Republic Act No. 6110. aisa dc Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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