Restored Tax Privileges Enjoyed by Regional or Area Headquarters of Multinational Companies
BIR Ruling No. 377-87 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Nov 24, 1987
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November 24, 1987 BIR RULING NO. 377-87 169 038-86 377-87 Gentlemen : In reply to your letter dated July 20, 1987, please be informed that pursuant to Resolution No. 5-85 dated January 21, 1985 of the Fiscal Incentives Review Board (FIRB) the following tax privileges enjoyed by regional or area headquarters of multinational companies have been restored: (i) Under P.D. No. 218, as of October 15, 1984 except those pertaining to the tax and duty free importation of motor vehicles: Provided, that motor vehicles which are already loaded on or before October 15, 1984 as indicated in the original bill of lading shall be exempt, and (ii) Under P.D. No. 1183, as amended relative to travel tax effective January 25, 1985. In other words, an alien executive of the regional or area headquarters of a multinational company shall continue to enjoy the tax privileges provided for under Section 6 of P.D. No. 218, except the privilege to import a motor vehicle free from tax and duty. adc Very truly yours, (SGD.) EUFRACIO D. SANTOS Deputy Commissioner
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