BIR Ruling

February 26, 1968 Atty. Isagani P. Jose 40 Sta. Ana St., Magallanes Village Makati, Rizal S i r : This refers to your letter dated February 26, 1968 stating that Mr. Francisco G. Valeda, presently assigned as Commercial Attache to Washington, D.C., U.S.A. brought to the Philippines a tax-exempt 1966 Chevrolet motor car under Republic Act No. 4112 on August 26, 1966 incident to his recall to the Home Office; that said car was duly registered in the name of Mr. Valeda under LTC Registration Certificate No. RCM 241620; that in February 1967, Mr. Valeda was temporarily reassigned to Mexico and thereafter to his former Washington post; and that he has authorized you to dispose of his car by virtue of a Special Power of Attorney executed in your favor. On the basis of the foregoing facts, you would like this Office to issue you a clearance to sell the aforementioned car without requiring the buyer to assume any tax liability therefore. In reply, I have the honor to inform you that the sale of the car in question is not subject to tax, hence, the same may be registered in the name of the prospective buyer without requiring him to pay the tax due thereon. It is understood, however, that the exemption granted to Mr. Valeda under the provision of Republic Act No. 4112 shall not be availed of oftener than once every four years. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue