BIR Ruling No. 024-65
BIR Ruling No. 024-65 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 19, 1965
Full text
April 19, 1965 BIR RULING NO. 024-65 T. J. Wolff & Company, Inc. P. O. Box 920 M a n i l a Gentlemen : In reply to your letter dated January 28, 1965, requesting information as to the rate of tax on your importation of MODULATION TRANSFORMER and MODULATION REACTOR, I have the honor to inform you that if, and advertised commercially, the afore-named articles are to be used for radio broadcasting, communications and television transmitters, the same are subject to 7% advance sales tax based on the total landed cost thereof, plus 25% mark-up, pursuant to Section 183(b), in relation to Section 186, both of the Tax Code. If said transformers are specially designed for use in the manufacture of television sets, they shall be subject to 30% advance sales tax. casia Very truly yours, (SGD.) BENJAMIN N. TABIOS Acting Commissioner of Internal Revenue
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