BIR Ruling

January 22, 1968 Mr. Pablo W. Lazatin P. O. Box 2221 Manila S i r : This refers to your letter dated December 26, 1967 stating that you have been assigned as Assistant Financial Representing in the Philippine Consulate General, New York City from September 21, 1964 to June 30, 1967; that upon your reassignment to provisions of Republic Act No. 4112, a Mercury Cougar car with Serial No. 7E91C634006; and that you are contemplating to sell the aforecited car to a prospective buyer. On this basis of the aforesaid facts, you would like this Office to confirm that the above mentioned car may be registered with the Land Transportation Commission in the name of the prospective buyer without requiring him to pay the taxes due thereon. In reply, I have the honor to inform you that the sale of the car in question is not subject to tax, hence, the same may be registered in the name of the prospective buyer without requiring him to pay the tax due thereon. It is understood, however, that the exemption granted to you under the provisions of Republic Act No. 4112 shall not be availed of oftener than once every four years. adc Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue