BIR Ruling No. 121-62
BIR Ruling No. 121-62 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 14, 1962
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October 14, 1962 BIR RULING NO. 121-62 The Delta Motor Corporation General Luna & Sta. Potenciana Sts. Intramuros, Manila Gentlemen : Reference is made to your letter of the 25th instant, requesting information as to the classification of the vehicle known as Microbus (RK 160L) for the purpose of compensating tax. In answer thereto, I have the honor to inform you that, it appearing from the brochure submitted with your letter that said vehicle has more of the appearance of a truck than an automobile, it is subject to the compensating tax at the rate of 7%, based on the total landed cost thereof, pursuant to section 190, in relation to section 186 of the Tax Code. aisadc Very truly yours, JOSE B. LINGAD Acting Commissioner of Internal Revenue
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