BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Dec 5, 1974
Full text
December 5, 1974 Aaron Bros. Company Citizen Bank Bldg. Rosario Street Manila Attention: Mr . Jesus B . Banal Manager Gentlemen : This refers to your application for an Authority to Release imported goods consisting of 1,000 dozens nail and cuticle nippers wherein it is requested that the same be subject to 7% advance sales tax. In reply, I have the honor to inform you that imported nail and cuticle nippers are subject to 7% advance sales tax based on the total landed cost thereof, plus 25% mark-up pursuant to Section 186, in relation to Section 183(b), both of the Tax Code. (BIR Ruling No. 65-022, April 19, 1965) Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5
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