Taxability of the Importation of 348.176 M/T Toluene
BIR Ruling No. 023-89 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 15, 1989
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February 15, 1989 BIR RULING NO. 023-89 101 (a); 145 (4) 180-82 023-89 Gentlemen : This refers to your letter dated January 26, 1989 requesting a ruling on the taxability of your importation of 348.176 M/T Toluene. cdtech In reply, please be informed that toluene has been classified as solvents. (BIR Ruling No. 153-f-000-00-180-82) Accordingly, your importation of toluene is subject to 10% value-added tax based on the total value used by the Bureau of Customs in determining tariff and customs duties, plus customs duties and other charges, such tax to be paid by you as importer thereof prior to the release of such article from customs custody pursuant to Section 101(a) of the Tax Code, as amended by Executive Order No. 273. Toluene is, however, exempt from excise tax under Section 145 of the same Code. This serves as your authority for the release of your shipment of 348.176 M/T Toluene after payment of the 10% value-added tax. cd Very truly yours, (SGD.) JOSE U. ONG Commissioner
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