BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Apr 13, 1973
Full text
April 13, 1973 The General Manager G. Assanmal & Co. P.O Box 1690 Manila S i r : This refers to your letter dated April 11, 1973 requesting confirmation that your importation of Fractional Horsepower Electric Motors of various sizes are subject only to the 7% advance sales tax with a 25% mark-up. In reply, I have the honor to inform you that it being represented that the imported articles are used as accessories of carpenter's drilling tools, cooling and exhaust fan for various machineries, or as agitators, vibrators, or as motor of dental drilling apparatus, sewing machines, polishing and sanding machines, and textile machineries; and that the said articles will be sold "as is", the imported fractional horsepower electric motors 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. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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