BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Oct 4, 1976
Full text
October 4, 1976 Mrs. Priscilla Reyes Pacheco 9 Harding St., Greenhills San Juan, Rizal M a d a m : In reply to your letter dated April 26, 1976, I have the honor to inform you that your importation of popcorn, waffle hot dog and cotton candy machines for your personal use is subject to the 40% compensating tax pursuant to Section 190 in relation to Section 185(i), both of the Tax Code. However, your importation of vending machines is subject to the 7% compensating tax pursuant to Section 190 in relation to Section 186, both of the Tax Code. (See BIR Ruling No. 65-078, dated July 7, 1965). The compensating tax due on the imported machines shall be based on the total landed cost thereof. Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."
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.