BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Sep 4, 1972
Full text
September 4, 1972 The General Manager B.Y. Commercial 20-22 Maximo Viola St. Quezon City S i r : This refers to your letter dated August 29, 1972 requesting information as to the rate of advance sales tax applicable to your importation of used automobile frames without doors, hoods, steering wheels, front and rear axles and engine. In reply, I have the honor to inform you that the importation of the aforesaid automobile frames 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. cdta Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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