BIR Ruling No. 019-65

April 19, 1965 BIR RULING NO. 019-65 SQUIRES BINGHAM CO., INC. 328 San Vicente M a n i l a Attention : Mr . A . G . Leuterio Manager , Motorcycle Department Gentlemen : This refers to your letter dated November 18, 1964 requesting a ruling from this Office on the rate of tax imposed on gasoline and electric golf cars to be imported by your firm in completely knock-down condition. In reply thereto, please be informed that if you will assemble the CKD golf-cars, your importation thereof shall be subject to only 7% advance sales tax provided that the sales of the assembled golf cars are subject to the rates prescribed under Section 184(a) of the Tax Code. However, if you are not the assembler of the said CKD golf cars, the aforementioned knock-down parts shall be subject to tax at the rates of either 50%, 75%, or 100%, as stated in our Ruling No. 64-059 previously issued to you. Very truly yours, (SGD.) BENJAMIN N. TABIOS Acting Commissioner of Internal Revenue