Deductibility of Import Duties and Other Taxes from Gross Income
BIR Ruling No. 083-80 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 25, 1980
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June 25, 1980 BIR RULING NO. 083-80 Atty. Marino T. Regalado C-J Yulo Building Pasong Tamo, Makati Metro Manila S i r : In reply to your letter dated May 12, 1980, I have the honor to inform you that import duties and other taxes paid by a returning Filipino resident on an automobile he brought home with him are allowable as deductions from his gross income for income tax purposes. (Sec. 80, Revenue Regulations No. 2) cdta Very truly yours, RUBEN B. ANCHETA Acting Commissioner
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