BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Aug 1, 1967
Full text
August 1, 1967 The President P. I. Electrical Supply Co., Inc. P.O. Box 3384 S i r : In reply to your letter dated July 29, 1967, I have the honor to inform you that your importation of Chromalux brand industrial thermostats and industrial electric heating elements is subject to 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. aisadc Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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