BIR Ruling No. 059-64
BIR Ruling No. 059-64 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 25, 1964
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August 25, 1964 BIR RULING NO. 059-64 The Squires Bingham Co., Inc. 238 San Vicente Manila Attention : Mr . A . G . Leuterio Dept . Manager Gentlemen : In reply to your letter dated June 29, 1964, I have the honor to inform you that golf cars (as shown in the brochure submitted by you) to be imported by that firm for purposes of resale are considered automobiles and, therefore, are subject to the 50% advance sales tax if the landed cost plus the 100% mark-up does not exceed P7,000.00; 75% if it exceeds P7,000.00 but not exceeding P10,000.00; and 100% if it exceeds P10,000.00, pursuant to Section 183(b) of the Tax Code. LLphil Very truly yours, (SGD.) BENJAMIN N. TABIOS Acting Commissioner of Internal Revenue
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