BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Feb 19, 1968
Full text
February 19, 1968 Mr. Hermenegildo F. Trazo St. Judes Acres Bulacao Pardo Cebu City S i r : In reply to your letter dated February 12, 1968 requesting information as to whether or not imported woolen yarn is subject to the rate of sales tax prescribed in Section 185(p) of the Tax Code, I have the honor to inform you that the aforesaid section refers only to finished textiles in the piece and not to yarn. Hence, the application of the rate of tax imposed in Section 186 of the Tax Code to imported woolen yarn is correct. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.