Imported Paper Cutters for the Personal Use of the Importer
BIR Ruling No. 467-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 2, 1959
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October 2, 1959 BIR RULING NO. 467-59 Lyceum Press, Inc. 749 Real Street, Intramuros M a n i l a Attention : Emmanuel Q . Yap Gentlemen : In reply to your letter of the 1st instant, I have the honor to inform you that paper cutters, more particularly described by you as, "Polar Heavy Duty High Speed Cutter, Model 107 standard, equipped with driving equipment of 220 volts, 60, cycles, three phase, AC and standard equipment", are, when imported for the personal use of the importer, subject to 7% compensating tax, the same to be based on the landed cost thereof. Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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