BIR Ruling No. 138-62
BIR Ruling No. 138-62 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Nov 28, 1962
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November 28, 1962 BIR RULING NO. 138-62 The Recreational Products, Inc. P.O. Box 93, Manila Gentlemen : With reference to your letter dated October 12, 1962, I have the honor to inform you that rubber golf grips, being ports of accessories of golf clubs, are subject to 50% advance sales tax, base on the total landed cost thereof plus 100% mark-up in accordance with section 184(f), in relation to section 183(b) of the Tax Code. LLphil Very truly yours, JOSE B. LINGAD Acting Commissioner of Internal Revenue
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