Imported Apparatus Subject to 7% Advance Sales Tax on Its Landed Cost Plus 25% Mark-up
BIR Ruling No. 012-68 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 2, 1968
Full text
August 2, 1968 BIR RULING NO. 012-68 Mr. Alberto A. Yguico 13 Manga Road Near Balete Drive Quezon City S i r : This refers to your letter dated July 15, 1968 requesting information as to the rate of advance sales tax due on imported Saunda Facial Sauna Aerosoltherapeutic Apparatus which is used in the treatment of nasal congestion as well as congested sinuses. In reply, I have the honor to inform you that the aforecited imported article is 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. cdta 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.