Tax Imposed on the Importation of Taxicab Company's Automobiles Parts and Accessories
BIR Ruling No. 149-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 7, 1958
Full text
March 7, 1958 BIR RULING NO. 149-58 The Commissioner of Customs Manila S i r : In connection with the importation of a certain taxicab company of parts and accessories of automobiles as completely knocked down parts, taken up with this Office by your Mr. Aseron by telephone, I have the honor to inform you that the shipment in question is subject to 50% compensating tax, based on the landed cost thereof without mark-up. It may be stated further that parts and accessories of automobiles imported as completely knocked down parts are subject to tax under Section 186 of the Tax Code only when they are directly imported by automobile manufacturers or car assemblers for the purpose of assembling them into finished automobiles. Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue
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