BIR Ruling No. 053-64
BIR Ruling No. 053-64 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 7, 1964
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August 7, 1964 BIR RULING NO. 053-64 Mr. Ananias B. Mendoza 1872 Taft Avenue, Malate Manila S i r : In reply to your letter dated May 14, 1964, I have the honor to inform you that it appearing from the sample submitted by you that the fiberglass in question is a textible which, according to the report of analysis of the Institute of Science and Technology, is made of glass fiber, said article falls under the classification of synthetic chemical fabrics and therefore, subject to the 30% advance sales tax, to be computed on the total landed cost thereof plus 50% mark-up, pursuant to Section 183, in relation to Section 185(p) of the Tax Code. LexLib Very truly yours, (SGD.) BENJAMIN N. TABIOS Acting Commissioner of Internal Revenue
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