Importation of Polyurethane Subject to 10% Advance Sales Tax
BIR Ruling No. 069-85 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • May 14, 1985
Full text
May 14, 1985 BIR RULING NO. 069-85 199 (a) 084-83 069-85 Gentlemen : In reply to your letter dated January 29, 1985, please be informed that the importation of polyurethane by your client, Swan Manufacturing of 183 Maude St., San Juan, Metro Manila, is subject to the 10% advance sales tax based on the landed cost thereof, plus 25% mark-up pursuant to Section 199 (a) in relation to Section 193(b), both of the Tax Code, as amended by Executive Order No. 883. Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner
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