BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Dec 12, 1969
Full text
December 12, 1969 Governor Julio V. Macuja Development Bank of the Philippines Manila S i r : This refers to your letter dated October 3, 1969 requesting information as to the correct rate of compensating tax applicable on your various importations of materials and parts for the central airconditioning system of the new DBP Makati Building. In reply, I have the honor to inform you that your various importations of materials and parts of a central air-conditioning system to be installed in your Makati Building are subject to the 30% compensating tax pursuant to Section 190 in relation to Section 185-A(c), both of the Tax Code. However, importations of the same articles after September 1, 1969, (the effectivity date of Republic Act No. 6110), are subject to the 40% tax pursuant to Section 185-A(c) of the Tax Code as amended by Section 36, Republic Act No. 6110. LexLib Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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