BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Sep 10, 1969
Full text
September 10, 1969 Suter, Inc. P.O. Box 668 D-708 2287 Pasong Tamo Ext. Makati, Rizal Attention: Mr . T . L . Reyes Accountant Gentlemen : This refers to your letter dated September 4, 1959 requesting information as to the rate of advance sales tax applicable on imported Dampening Roller Covering which is represented to be used only and exclusively by offset printers for their offset press rollers. In reply, I have the honor to inform you that it appearing in the catalogue submitted that the dampening roller covering is used by the offset press rollers, the same is 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. cdll Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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