Tax Privileges Enjoyed by an Alien Executive of a Multinational Company's Regional or Area Headquarters
BIR Ruling No. 142-85 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 26, 1985
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August 26, 1985 BIR RULING NO. 142-85 204 000-00 142-85 Gentlemen : In reply to your letter dated April 25, 1985, please be informed that pursuant to Resolution No. 5-85 dated January 21, 1985 of the Fiscal Incentives Review Board (FIRB) the following tax privileges enjoyed by regional or area headquarters of multinational companies are hereby restored: (i) Under P.D. No. 218, as of October 15, 1984 except those pertaining to the tax and duty free importation of motor vehicles: Provided , that motor vehicles which are already loaded on or before October 15, 1984 as indicated in the original bill of lading shall be exempt; and (ii) Under P.D. No. 1183, as amended relative to travel tax effective January 25, 1985. In other words, an alien executive of the regional or area headquarters of a multinational company shall continue to enjoy the tax privileges provided for under Section 6 of P.D. No. 218, except the privilege to import a motor vehicle free from tax and duty. cdtech Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner
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