BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jun 29, 1967
Full text
June 29, 1967 Messrs. Ponce Enrile, Siguion Reyna Montecillo & Belo Attorneys-at-Law P.O. Box 760, Manila Attention: Mr . M . C . Montecillo Gentlemen : This refers to your letter dated June 24, 1967, requesting that our ruling, dated June 21, 1967, holding that "Nylon Tire Cords" imported by your client, the Tire Manufacturers Association of the Philippines, are subject to the 7% advance sales tax, be amended so as to include synthetic tire fabrics. In reply, I have the honor to inform you that it appearing from the findings of the examiners who inspected the factories of your clients and the articles in question that, like the tire cord, the synthetic tire fabrics are also manufactured under technical specifications of each tire company importing them and are not suitable for "clothing purposes", but are specifically for use in the tire manufacturing process of the importer, the said synthetic tire fabrics are likewise subject to the advance sales tax at the rate of 7% prescribed in Section 186 of the Tax Code. cdti Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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