BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Sep 28, 1971
Full text
September 28, 1971 Mr. Jose T. Viduya Collector of Customs Port of Manila S i r : This refers to your letter dated September 22, 1971 requesting clarification as to the correct rate of advance sales tax applicable to imported metal locks of the sample used in the black plastic bag submitted. cdta In reply, I have the honor to inform you that it appearing that the imported locks can be used in the manufacture of bags of various kinds; and that it is actually used in the manufacture of school bags of the type submitted, the same are subject to only 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. cdi Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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