Determination of the Amount of Advance Sales Tax
BIR Ruling No. 290-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 9, 1959
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June 9, 1959 BIR RULING NO. 290-59 Mr. Antonio A. Veloso Certified Public Accountant P. O. Box 916, Manila S i r : In further answer to your letter dated February 25, 1959, I have the honor to inform you that, for the purpose of determining the amount of advance sales tax payable under section 183(b) of the Tax Code on an article imported by a new and necessary industry, the full amount of customs duties ordinarily due thereon shall be included in computing the total landed cost thereof, notwithstanding the fact that new and necessary industries are, during the current year, exempt from customs duties to the extent of 90%. (See: Bureau of Customs Circular Letter No. 3160, March 5, 1959). Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue
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