BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Aug 3, 1970
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August 3, 1970 MEMORANDUM FOR: The Chief, Business Tax Division Thru: The Revenue Operations Head (Assessment) This refers to the correct rate of compensating tax applicable to the importation of Savoy Philippines Hotel of chinaware for their exclusive use in their restaurant. This Office has consistently ruled that chinawares are subject only to the 7% sales tax imposed in Section 186 of the Tax Code. Consequently, the instant importation of Savoy Philippine Hotel of chinawares for use in their restaurant is subject to the 7% compensating tax pursuant to Section 190 in relation to Section 186, both of the Tax Code, as amended by Republic Act No. 6110. cdta MISAEL P. VERA Commissioner of Internal Revenue
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