Tax Imposed on Imported Colored Wax (paraffin)
BIR Ruling No. 493-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 12, 1958
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September 12, 1958 BIR RULING NO. 493-58 Sam Kong Candle Factory (Tan Coo & Company) 817 Jaboneros, Manila Gentlemen : In answer to your letter of the 10th instant, requesting a ruling on the rate of advance sales tax to which the thirty-three (33) drums of colored wax (paraffin) imported by you for use in the manufacture of fancy candles, such as birthday, wedding and Christmas candles, I have the honor to inform you that the same are subject to the 7% advance sales tax, based on the total landed costs thereof plus 25% mark-up, pursuant to Section 183(b), in relation to Section 186 of the National Internal Revenue Code, as amended. This serves as authority for the Commissioner of Customs, Manila, to release the abovementioned importation upon prepayment of the aforesaid tax. Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue
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