BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Apr 28, 1975
Full text
April 28, 1975 A. S. Isip Brokerage Co. Rm. 407 Rosario Bldg., Rosario St., Manila Gentlemen : This refers to your letter dated April 25, 1975 requesting on behalf of your client, Chrysler Philippines Corporation, that its importation of electric cigar lighter, be subjected to the rate applicable to importation of PCMP registered assembler. In reply, I have the honor to inform you that Chrysler Philippines Co., is a registered car assembler under the Progressive Car Manufacturing Program of the Board of Investment. Such being the case, its importation of completely knocked down parts or as replacement parts and accessories for the assembly of its automobile products, 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 Sections 184-A(b) and 186, all of the Tax Code. casia Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN 1601-593-5
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.