BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Aug 27, 1969
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August 27, 1969 Polymer Products (Phil.) Inc. Joe Borres St., B. Bagong Ilog Pasig, Rizal Attention: Mr . Pedro B . Medina Traffic Manager Gentlemen : This refers to your letter dated August 26, 1969 requesting information as to the rate of advance sales tax due on your importation of Glass Fibre Woven Roving Fabric. In reply, I have the honor to inform you that according to the report of analysis of the Institute of Science and Technology, fiberglass is a textile which is made of glass fiber. Hence, the same falls under the classification of synthetic chemical fabric and, therefore , subject to the 30% advance sales tax based on the landed cost thereof plus 50% mark-up pursuant to Section 183(b) in relation to Section 185(p) of the Tax Code. (BIR Ruling No. 64-053) Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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