BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Aug 22, 1972
Full text
August 22, 1972 Novel Manufacturing Corporation P. O. Box 951 Manila Attention: Mr . S . Anthony Brodett Gentlemen : This refers to your letter dated August 17, 1972 requesting that your importations of essential oils to be used in the manufacture of your soap products, Heno de Pravia, Dr. Kaufmann's Sulphur Soap and Reuter be subjected to the 7% advances sales tax. In reply, I have the honor to inform you that it appearing that you are the manufacturer of the aforesaid soap products, your importations of essential oils to be used in the manufacture of said products are subject to the 7% advance sales tax based on the landed cost thereof, plus 25% mark-up pursuant to Section 183(b) in relation to Section 186, both of the Tax Code (BIR Ruling No. 68-034 dated November 13, 1968). Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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