BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Mar 30, 1970
Full text
March 30, 1970 Mr. Raul T. Concepcion Vice-President & General Manager Republic Commodities Corporation Pioneer St., Mandaluyong Rizal S i r : This refers to your letter dated March 16, 1970 requesting information as to the rate of advance sales tax applicable to your importation of copper tubes. In reply, I have the honor to inform you that copper tubes 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, as amended by Republic Act No. 6110. Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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