Taxability of Imported Fresh Milk and Whip Cream
BIR Ruling No. 009-67 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 14, 1967
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February 14, 1967 BIR RULING NO. 009-67 Mr. Sostenes Campillo Shellborne Arms Hotel Roxas Blvd., Manila S i r : This refers to your letter dated December 29, 1966 requesting information as to the taxes due on your importation of Fresh Milk and Whip Cream. In reply, I have the honor to inform you that the above mentioned imported products are subject to the 7% advance sales tax, based on the landed cost thereof, plus 25% mark-up, pursuant to Section 183(b), in relation to Section 186, both of the Tax Code. As importer of said products for resale, you are also subject to the P20.00 annual fixed tax prescribed by Section 182(A)(1) of the same Code. aisadc Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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