BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Nov 17, 1972
Full text
November 17, 1972 The Director for Intelligence Sentro ng Kilusan Laban sa Kontrabando Camp Aguinaldo Quezon city S i r : In reply to your letter dated November 16, 1972, I have the honor to inform you that imported parts and accessories of gas stoves are subject to advance sales tax of 40% based on the landed cost thereof plus 50% mark-up pursuant to Section 183(b), in relation to Section 185, of the Tax Code. However, if the importer is qualified local manufacturer of gas stoves as determined by the Board of Investments, he may pay only 7% tax on his importation of parts and accessories authorized by the Board. aisadc Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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