BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Oct 27, 1975
Full text
October 27, 1975 The President Pennell Commercial Co., Inc. 4th Flr., Far East Bldg. Buendia, Makati, Rizal S i r : This refers to your letter dated October 8, 1975 requesting information as to the correct rate of advance sales tax applicable to the importation of your client, Trade Development, Inc. of Sanyo industrial vacuum cleaner. In reply, I have the honor to inform you that it appearing in the brochure submitted that the imported vacuum cleaner is of the industrial type, the same is subject to the 7% advance sales tax, the tax to be based on the landed cost thereof plus 25% mark-up pursuant to Section 183(b) in relation to Section 186, both of the Tax Code. aisa dc Very truly yours, (SGD.) EFREN I. PLANA Acting Commissioner of Internal Revenue TAN 1456-040-3
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