BIR Ruling No. 013-80
BIR Ruling No. 013-80 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 18, 1980
Full text
September 18, 1980 BIR RULING NO. 013-80 204 091-79 13-80 Reynolds Philippine Corporation E. delos Santos Avenue Mandaluyong, Metro Manila Attention : Mr . T . Arzadon, Jr . Purchasing Manager Gentlemen: This refers to your letter dated July 8, 1980 requesting that your importation of 6 cartons of felt, be subjected to the 10% compensating tax. In reply, please be informed that findings of this Office disclosed that felt "is a resilient unwoven fabric commonly of textile materials (wool, fur, cotton, nylon and other natural or synthetic fibers) compacted by pressure and/or heat". Accordingly, and since the felt imported by you will be used in your machine division, the same are subject to the 25% compensating tax, pursuant to Sections 196(g) and 204 of the Tax Code of 1977, as amended. If the imported article will be sold, bartered or exchanged by you, the same will be subject to the advance sales tax. Very truly yours, RUBEN B. ANCHETA Acting Commissioner
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.