BIR Ruling

January 24, 1975 Messrs. Sycip, Salazar, Feliciano Hernandez & Castillo 3rd Floor, Far East Bldg. uendia Ave., Makati Rizal Attention: Mr . Virgelio T . Nibungco Gentlemen : This refers to your letter dated December 13, 1974 requesting that the personal and household effects brought into the country by your client, Mr. Arthur D. Wang, be exempted from the payment of the compensating tax. It is represented that Mr. Arthur D. Wang, an American citizen, is the duly designated Assistant Representative of the First National Bank of Chicago Representative Office in the Philippines; that when Mr. Wang first arrived in the Philippines, he was a holder of a temporary visitor's visa under Section 9 (a) of the Philippine Immigration Act of 1940, as amended; that later, said temporary visitor's visa was changed to that of treaty trader's visa under Section 9 (d) of the same Act by the Commission on Immigration and Deportation. In reply, I have the honor to inform you that it appearing that Mr. Arthur D. Wang is a holder of a treaty trader's visa under Section 9 (d) of the Philippine Immigration Act of 1940, as amended, he falls under the category of persons coming to settle in the Philippines for the first time. aisa dc Such being the case, his personal and household effects which he brought into the Philippines are exempt from the payment of the compensating tax pursuant to Section 190 (f) of the Tax Code. It is understood, however, that the personal and household effects accompanies him upon his arrival in the Philippines, or that such personal and household effects arrived within ninety days before or after his arrival in the Philippines; and that no vehicle, vessel, aircraft or merchandise of any kind, machinery or other articles for use in manufacture are included in the personal and household effects of Mr. Wang. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN 1601-593-5