Restoration of Tax Privileges Enjoyed by Regional or Area Headquarters of Multinational Companies
BIR Ruling No. 038-86 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 4, 1986
Full text
April 4, 1986 BIR RULING NO. 038-86 169 142-85 038-86 Gentlemen : In reply to your letter dated August 6, 1985, please be informed that pursuant to Resolution No. 5-85 dated January 21, 1985 of the Fiscal Incentives Review Board (FIRB) the following tax privileges enjoyed by regional or area headquarters of multinational companies have been restored: cdti (i) Under PD No. 218, as of October 15, 1984 except those pertaining to the tax and duty free importation of motor vehicles: Provided, that motor vehicles which are already loaded on or before October 15, 1984 as indicated in the original bill of lading shall be exempt; and (ii) Under PD No. 1183, as amended relative to travel tax effective January 25, 1985. In other words, an alien executive of the regional or area headquarters of a multinational company shall continue to enjoy the tax privileges provided for under Section 6 of P.D. No. 218, except the privilege to import a motor vehicle free from tax and duty. cd Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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