10% Compensating Tax — Industrial Induced Draft
BIR Ruling No. 069-80 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 13, 1980
Full text
June 13, 1980 BIR RULING NO. 069-80 Solemar Development Corporation UPL Building Sta. Clara St., Intramuros M a n i l a Attention: Mr . Renato M . Tanseco President Gentlemen : This refers to your letter dated May 14, 1980 requesting that you be allowed to pay 10% compensating tax on your importation of one unit industrial induced draft vertical discharge double flow cooling tower NC Series Model 8805, which is intended to be used as an integral part of your ice plant. In reply, please be informed that it being represented that the aforesaid article will be exclusively used as an integral part of your ice plant, the same is subject to the 10% compensating tax pursuant to Section 204 in relation to Section 199, both of the National Internal Revenue Code, as amended. However, if the said article will be used for airconditioning system, the same are subject to the 25% tax imposed in Section 196 of the same Code. Very truly yours, RUBEN B. ANCHETA Acting Commissioner
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