BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • May 21, 1973
Full text
May 21, 1973 The Honorable The Secretary of Finance Manila S i r : In connection with your 1st Indorsement dated May 8, 1973 referring to this Office, for immediate appropriate action the letter of Mr. Felizardo L. Garcia dated April 18, 1973, I have the honor to inform you that the same has, on even date, been referred to the Chief, Intelligence Unit of this Office for investigation to ascertain the identity of the importer and to cause the assessment of deficiency advance sales tax on importations of 2 HP compressor units which were subjected only to the 7% advance sales tax. It may be stated that said imported articles are subject to the 40% advance sales tax with 50% mark-up, pursuant to Section 183(b), in relation to Section 185-A, both of the Tax Code. Result of the investigation conducted on this matter shall be furnished that Office as soon as a report thereon is received. Very truly yours, CONRADO P. DIAZ Acting Commissioner of Internal Revenue
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