Tax Imposed on the Importation Thru Barter of 2,000 Bags of Foundry Coke
BIR Ruling No. 263-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 20, 1960
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June 20, 1960 BIR RULING NO. 263-60 Miss Buen Morales Room 200 El Hogar Building Juan Luna, Manila M a d a m : In reply to your letter dated May 27, 1960, I have the honor to inform you that your importation thru barter of 2,000 bags of Foundry Coke is subject to the specific tax of twenty-five centavos (P.25) per metric ton prescribed by Section 143 of the Tax Code. This tax which is an internal revenue tax is distinct and different from customs duties. In addition to the specific tax, the importer is also subject to the graduated fixed tax prescribed by Section 182 of the Tax Code. prcd Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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