BIR Ruling No. 088-62
BIR Ruling No. 088-62 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 28, 1962
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June 28, 1962 BIR RULING NO. 088-62 Messrs. Antonio M. Leyba & Co. Rm. 405 Paramount Bldg. 434 Rosario St., Manila Gentlemen : In answer to your letter of even date, I have the honor to inform you that the glass beads imported by your client, the Morning Glory Co. of 850 Ilaya St., Manila, samples of which have been submitted to this Office and which you claim are used as decoration for dresses and wedding gowns, are subject to 7% advance sales tax, based on the total landed cost thereof plus 25% mark-up (Sec. 183(b), in relation to Sec. 186, Tax Code). This serves as authority for the Commissioner of Customs, Manila, to effect the release of the above-mentioned importation upon prepayment of the 7% advance sales tax, provided that upon inspection thereof, the same are found to be of the kind used for the aforesaid purpose. prcd Very truly yours, JOSE B. LINGAD Acting Commissioner of Internal Revenue
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