BIR Ruling No. 457-61
BIR Ruling No. 457-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 29, 1961
Full text
December 29, 1961 BIR RULING NO. 457-61 With reference to your letter . . ., requesting classification for tax purposes of the rosaries imported by your client, the . . . School, and which you claimed were made of "ordinary metal and glass", I have the honor to inform you that said rosaries are subject to 7% advance sales tax, based on the total landed cost thereof plus 25% mark-up. This serves as authority for the Commissioner of Customs, Manila, to effect the release of the above-mentioned importation upon prepayment of the 7% advance sales tax, provided that upon inspection thereof the same are found to be as represented. LexLib
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