BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jul 19, 1976
Full text
July 19, 1976 Mrs. Elena R. Bucar Ligtong, Rosario, Cavite M a d a m : This refers to your letter dated July 2, 1976 requesting information as to the rate of compensating tax applicable to the two (2) old engine blocks brought by your husband from Guam. In reply, I have the honor to inform you that the old engine blocks brought by your husband are parts of automotive engines. Inasmuch as the ruling of the Secretary of Finance dated July 13, 1976 does not subject automotive engines and parts thereof to the 100% tax, the aforesaid old engine blocks brought by your husband from Guam are subject only to the 7% compensating tax pursuant to Section 190 in relation to Section 186, both of the Tax Code. Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3
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.