Tax Imposed on the Importation of Completely Knocked-down 4-Cylinder Automobiles
BIR Ruling No. 354-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 12, 1960
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August 12, 1960 BIR RULING NO. 354-60 The Vice-President Taurus Taxi Company, Inc. 3564 Buenos Aires, Sta. Mesa St. M a n i l a S i r : With reference to your letter dated July 27, 1960, I have the honor to inform you that your importation of completely knocked-down, 4-cylinder automobiles, to be assembled by local assemblers and which, when assembled, will be used in your taxi-cab business is subject to the compensating tax at the rate of either 50%, 75%, or 100% depending upon the total landed cost of each unit as prescribed under section 184(a) of the National Internal Revenue Code. cdta Very truly yours, MELECIO R. DOMINGO Commissioner of Internal Revenue
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