BIR Ruling No. 296-61

July 21, 1961 BIR RULING NO. 296-61 Reference is made to your letter . . . , requesting that the sales tax of 30% on the industrial time recording equipment such as (1) job recorders, (2) time stamps, with or without clock attachment or bell-ringing devices, (3) electrically-operated or spring-deviced master clocks, (4) watchman's clocks and similar devices be reduced to 7% for the reason that they perform unique functions similar to office machines which are presently taxes at 7%. LibLex In reply thereto, I have the honor to inform you that under the provisions of Section 185(b) of the Tax Code all types and classes of watches and clocks are, without distinction, subject to 30% sales tax. Accordingly, if the articles referred to in your letter fall into the category of clocks, they must necessarily be subjected to 30% sales tax. The Commissioner of Internal Revenue has no authority to reduce the rates of tax prescribed by law. cdtai