BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Sep 17, 1968
Full text
September 17, 1968 Mr. Jose B. Dulay Dulco Enterprises Rm. 506 Burke Bldg. Escolta, Manila S i r : This refers to your letter dated September 13, 1968 requesting information as to the correct rate of advance sales tax due on your forthcoming importation of printing chemicals called "Lacquer-Developer." In reply, I have the honor to inform you that inasmuch as the imported article is used in making plates for offset printing and that it cannot be used in developing ordinary photographic films, the same 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. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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