Imported Steel Strands Used for Prestressed Construction are Subject to the 10% Advance Sales Tax
BIR Ruling No. 215-87 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jul 20, 1987
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July 20, 1987 BIR RULING NO. 215-87 163 (2) 000-00 215-87 S i r : This refers to your letter dated July 13, 1987 requesting a ruling that imported steel strands of Stresstek Post-Tensioning Phils., Inc., used for prestressed construction is subject to 10% advance sales tax. It is alleged that the imported steel strands are the high tensile strands equivalent to the mild steel bars placed or used in ordinary cases in reinforced concrete construction and to reinforce beams and slabs in prestressed post tensioned construction.. In reply, please be informed that under the foregoing facts, the imported steel strands in question are subject to the advance sales tax at the rate of 10% imposable on steel bars, pursuant to Section 163 (2)(k) in relation to Section 162 (c) of the Tax Code. Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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