Tax Imposed on the Sale of Typewriter Ribbons Made by A. C. Ransom Philippine Corporation

October 19, 1959 BIR RULING NO. 540-59 6th Indorsement Respectfully returned, thru the Acting Governor, to the Chief Accountant, Central Bank of the Philippines, Manila, the enclosed papers relative to the sale of typewriter ribbons made to that Bank by A. C. Ransom Philippine Corporation. It is claimed by the aforenamed vendor in its letter dated August 31, 1959 that it is the manufacturer of the ribbons in question, for which reason the tax due and payable on the aforesaid sale is the sales tax. Considering that the amount of said tax cannot be fixed, determined, computed or ascertained at the time of payment of the purchase price of the ribbons, and considering, further that in accordance with section 2, in relation to section 1 of Republic Act No. 1051, only those taxes that can be fixed, determined, computer or ascertained on account of the money payment are subject to withholding, no tax need be deducted and withheld from the money payment to be made by that Bank to A.. C. Ransom Philippine Corporation on account of the sale in question (see sections 2, 3 and 4, Revenue Regulations No. V-40). aisadc (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue