BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Nov 11, 1971
Full text
November 11, 1971 MEMORANDUM FOR: The Chief, Business Tax Division Thru the Revenue Operations Head (Assessment) This refers to the correct rate of advance sales tax applicable to the importation of the Philippine Refining Co. of 15 drums of Perfume NA104 which is used in its manufacture of Lifebuoy soap. cdi It appearing that the imported article is used as raw material in the manufacture of the soap product of the importer, the same is 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. acd MISAEL P. VERA Commissioner of Internal Revenue
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.