BIR Ruling No. 031-63
BIR Ruling No. 031-63 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 2, 1963
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April 2, 1963 BIR RULING NO. 031-63 Messrs. Antonio Varias & Associates P.O. Box 857, Manila Gentlemen : Reference is made to your letter dated February 5, 1963, requesting information regarding the taxes and duty you are liable to pay on the "Thames Express Bus" which you are contemplating to import. LLpr It appears from the catalog submitted with your letter that said bus is, to all intents and purposes, an automobile. Accordingly, it is subject to the compensating tax at the rate of either 50%, 75% or 100%, depending upon whether the total landed cost thereof does not, exceed P7,000.00 or exceeds said amount but does not exceed P10,000.00 or exceeds the last-mentioned amount (Sec. 190, in relation to Sec. 184(a), Tax Code). Insofar as internal revenue law is concerned, there is no other tax due on the above importation. The matter of customs duty is within the jurisdiction of the Bureau of Customs. prll Very truly yours, (SGD.) JOSE B. LINGAD Acting Commissioner of Internal Revenue
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