BIR Ruling No. 019-63
BIR Ruling No. 019-63 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 19, 1963
Full text
March 19, 1963 BIR RULING NO. 019-63 Messrs. Benitez & Company, Inc. P. O. Box 3142, Manila Gentlemen : Reference is made to your letter dated January 29, 1963 to the Secretary of Finance (which was referred to this Office and the Commissioner of Customs), requesting information on the internal revenue tax and customs duties that that company has to pay on the Monitor language laboratory equipment it is contemplating to import from the United States. With said letter you submitted a bulletin of the equipment. LLjur In reply thereto, I have the honor to inform you that said equipment is subject to 7% advance sales tax, based on the total landed cost thereof plus 25% mark-up, pursuant to Section 186, in relation to Section 183(b) of the Tax Code. The question of customs duties will be answered by the Bureau of Customs. Very truly yours, (SGD.) JOSE B. LINGAD Acting Commissioner of Internal Revenue The above ruling was duly signed by the Acting Commissioner of Internal Revenue on March 19, 1963. (SGD.) P. F. LANDAS Revenue Operations Head (Legal)
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