25% Advance Sales Tax - Timers Defined
BIR Ruling No. 013-79 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 27, 1979
Full text
March 27, 1979 BIR RULING NO. 013-79 25% Advance sales tax timers defined In reply to your letter dated November 16, 1978, please be informed that the timers imported by you, are instruments which do not only tell the time but also have an industrial function of automatically switching off electric equipment on which the same are connected. Accordingly, they are analogous or similar to watches and clocks, in which case, they are subject to 25% advance sales tax on the total landed cost thereof, plus 50% mark-up, pursuant to Section 193(b), in relation to Section 197.II, both of the Tax Code of 1977, as amended by P.D. No. 1358. casia
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.