Taxability of Imported Frigen 12 or Freon 12
BIR Ruling No. 010-67 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 14, 1967
Full text
February 14, 1967 BIR RULING NO. 010-67 Mr. Primo C. Hocson Production Control Manager S. C. Johnson & Son, Inc. P. O. Box 3158 M a n i l a S i r : This refers to your letter dated December 8, 1966 requesting information as to the rate of advance sales tax due on your importation of Frigen 12 or Freon 12. In reply, I have the honor to inform you that inasmuch as the imported Frigen 12 is used as safety propellant for your aerosol products which are subject to 7% sales tax, the same is subject to 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. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.