BIR Ruling No. 075-82
BIR Ruling No. 075-82 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 11, 1982
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March 11, 1982 BIR RULING NO. 075-82 196-j 17-80 075-82 Liang Chi Industry Phils. Inc. Concepcion St., Barrio Buting Pasig, Metro Manila Gentlemen : This refers to your importation of 16 cases of Liang Chi FRP Cooling Tower which arrived on board SS "Sincere No. 7" from Keelung, Taiwan on November 19, 1980. In connection therewith, I have the honor to inform you that the said cooling tower is part of an air-conditioning unit of the Central type. Accordingly, and since said importation is not intended for your own use, but for sale, barter or exchange, the same is subject to the advance sales tax prescribed by Section 193(b) of the Tax Code of 1977, as amended, at the rate of 25% imposed by Section 196(j) of the same Code, plus 10% as amended by Batas Pambansa Blg. 41, or a total of 35%. The tax is based on the landed cost plus 50% mark-up. Very truly yours, RUBEN B. ANCHETA Acting Commissioner
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