Exemption from the Compensating Tax on the Gold-Plated Trophy
BIR Ruling No. 478-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Nov 11, 1960
Full text
November 11, 1960 BIR RULING NO. 478-60 The Director of Mines M a n i l a S i r : In answer to your letter of the 10th instant, requesting exemption from the compensating tax on the gold-plated trophy consigned thru that Office in the National Mine Safety & Accident Prevention Conference, which trophy had been donated to the latter by the Mine Safety Appliances Company, U.S., for the purpose of giving it away as a prize to the winner in the competition to be held by said Conference, I have the honor to inform you that your request is hereby granted. This serves as authority for the Commissioner of Customs, Manila, to effect the release of the above importation without the pre-payment of the compensating tax. Very truly yours, MELECIO R. DOMINGO Commissioner of Internal Revenue
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