BIR Ruling

July 31, 1967 The President & General Manager PHESCO, Incorporated P. O. Box 73 Quezon City S i r : This refers to your letter dated July 19, 1967 requesting in effect information as to the correct rate of advance sales tax due on your importation of clocks. In reply, I have the honor to inform you that clocks of all types and classes are, without distinction, subject to 30% sales tax under Section 185(b) of the Tax Code. Consequently, your importation of Time Recording apparatus which are in reality clocks, are subject to the 30% advance sales tax, based on the landed cost thereof, plus 50% mark-up, pursuant to Section 183(b), in relation to Section 185(b), both of the Tax Code. cdti Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue