BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • May 23, 1975
Full text
May 23, 1975 The Manager Mico Industries, Inc. P.O. Box 2364 Manila M a d a m : In reply to your letter dated May 19, 1975, I have the honor to inform you that your importation of spare parts and accessories of tape recorders is subject to the 40% advance sales tax, the tax to be based on the landed cost thereof plus 50% mark-up pursuant to Section 183(b) in relation to Section 185-B, both of the Tax Code. casia Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue TAN 1601-593-5
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