Tax Imposed on Imported Cinematographic Films

July 2, 1958 BIR RULING NO. 360-58 The Philippine Refining Co., Inc. P. O. Box 1176, Manila Gentlemen : With reference to your letter of the 25th ultimo, I have the honor to inform you that imported cinematographic films, except educational films or those used for visual education, are subject to the specific tax prescribed in Section 146 of the Tax Code. This Office may authorize the release of the films imported by you without the prepayment of the specific tax due thereon, provided that a day is set aside by that Corporation for screening said films where a representative of this Office shall be present to view the same, and provided further that a bond is filed by you to secure payment of the specific tax due thereon, should this Office finally decide that the films in question are not educational films or those used for visual education. The bond to be filed must conform to the provisions of General Circular No. V-269, a copy of which is enclosed for your ready reference. Very truly yours, (SGD.) JOSE P. TRINIDAD Acting Commissioner of Internal Revenue