BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Oct 13, 1972
Full text
October 13, 1972 Mr. Martiniano O. De la Cruz Attorney-at-Law & Notary Public No. 64 Saluysoy, Meycauayan Bulacan, ZIP D-212 S i r : This refers to your letter dated March 25, 1972 requesting information on the tax due on one Ford Station Wagon, custom 500, white and 8 cyl. bought by one Jose Formento from the United States. In reply, I have the honor to inform you that the said Ford Station Wagon is subject to the compensating tax at the rate of 100%, 125%, 150% or 200% depending on the landed cost thereof pursuant to Section 190, in relation to Section 184(a), both of the Tax Code, as amended. The tax shall be paid to the Bureau of Customs before its removal from customs custody. aisadc Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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