Rate of Advance Sales Tax Applicable to Importation of Printing Ink and Chemicals for Printing Machines and Fountain Pens
BIR Ruling No. 042-86 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 9, 1986
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April 9, 1986 BIR RULING NO. 042-86 199 (a) 037-85 042-86 Gentlemen : In reply to your letter dated November 8, 1984, requesting, for and in behalf of your client Luzon Mahogany Corporation, a ruling as to the correct rate of advance sales tax applicable to its importation of printing ink and chemicals to be used in printing machines and fountain pens, please be informed that the same is subject to the 10% advance sales tax based on the landed cost thereof, plus 25% mark-up, pursuant to Section 193(b), in relation to Section 199(a), both of the Tax Code, as amended by Executive Order No. 883. Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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