10% Advance Sales Tax — Importation of Rubber Sheet
BIR Ruling No. 200-81 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 13, 1981
Full text
October 22, 1981 BIR RULING NO. 200-81 199 000-00 200-81 G. Assanmal & Co. P. O. Box 1690 M a n i l a 2800 Attention: Mr . N . Gagoomal General Manager Gentlemen : This refers to your letter dated August 25, 1981 requesting information as to the correct rate of tax applicable to your importation of rubber sheet calendered plain, rubber sheet insertion black, rubber sheets plain red colour and cotton packing or gasket for industrial uses under the respective Commodity Classification Code #SEP-621.01-01 and SUP-657.73-02 of the Philippine Standard Commodity Classification Book of 1977. (samples attached) In reply, please be informed that the aforesaid importations are subject to 10% advance sales tax based on the total landed cost plus 25% mark-up pursuant to Section 199 in relation to Section 193(b), both of the National Internal Revenue Code of 1977, as amended. cdtech Very truly yours, ROMULO M. VILLA Acting Commissioner
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