BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Sep 17, 1973
Full text
September 17, 1973 Mead Johnson Philippines, Inc. P. O. Box 1234 Commercial Center Makati, Rizal Attention: Mr . Ignacio H . Lim Controller Gentlemen : In reply to your letter dated September 13, 1973, I have the honor to inform you that the imported raw materials (milk base) to be used in the manufacture of your product are subject to the 5% advance sales tax based on the landed cost thereof plus 25% mark-up pursuant to Section 183(b) in relation to Section 186-B, both of the Tax Code, as amended by Presidential Decree No. 69. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."
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