BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Nov 24, 1972
Full text
November 24, 1972 Baby Doll Industries, Inc. 1869 P. Domingo Street Makati, Rizal Gentlemen : This refers to your letter dated November 2, 1972 requesting confirmation that your importation of fabrics of asbestos and fabrics of 100% glass fibers of the samples submitted are subject to the 7% advance sales tax with a 25% mark-up. In reply, I have the honor to inform you that, if as represented, the fiber glass fabrics will be used in the manufacture of plastic products such as panelling board for sunshade and curtains; and that the fabrics of asbestos will be used in the manufacture of insulators for different products such as boilers and steam pipes and gaskets for machineries, which are all subject to the 7% sales tax, the imported fiber glass and asbestos fabrics are subject to the 7% advance sales tax 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. cdt Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.