BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jun 10, 1968
Full text
June 10, 1968 Atty. Wilfredo B. Pastrana General Bank & Trust Company P.O. Box 4040 S i r : In reply to your letter dated June 7, 1968, I have the honor to inform you that the imported two (2) cases of closed circuit television system imported by the General Bank & Trust Company for its use within its premises, fall within the meaning of "television sets" under Section 185-B(c) of the Tax Code, and, therefore, the same are subject to 30% compensating tax based on the total landed cost thereof, pursuant to Section 190 in relation to Section 185-B(c), both of the Tax Code. iatdc Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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