BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jun 21, 1974
Full text
June 21, 1974 A. Sevilla Brokerage Corporation Suite 425 FEMII Bldg., Aduana St. Intramuros, Manila Gentlemen : This refers to your letter dated June 10, 1974 requesting that the importation of your client, Gamma Enterprises, of automotive carburetor be released from custom custody upon payment of the 7% advance sales tax with a 25% mark-up. acd In reply, I have the honor to inform you that the automotive carburetor imported by your client is subject to the 100% advance sales tax based on the landed cost thereof plus 100% mark-up pursuant to Section 183(b) in relation to Section 184-A(B), both of the Tax Code, as amended by Presidential Decree No. 69. cdi Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN 1601-593-5
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.