Rate of Advance Sales Tax Applicable to Imported Typewriter Ribbons
BIR Ruling No. 061-85 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 25, 1985
Full text
April 25, 1985 BIR RULING NO. 061-85 199 (a) 000-00 061-85 Gentlemen : This refers to your letter dated July 12, 1984, requesting a ruling as to the correct rate of advance sales tax applicable to imported typewriter ribbons ready for use. They may or may not be on spools and are made of cotton nylon fabric or film materials. In reply, please be informed that said imported typewriter ribbons are 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) of the Tax Code, as amended by Executive Order No. 883. Very truly yours, (SGD.) TOMAS C. TOLEDO Acting Commissioner
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