Taxability of Imported Essential Oils
BIR Ruling No. 703-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 17, 1958
Full text
December 17, 1958 BIR RULING NO. 703-58 Universal Manufacturing Co. 462 Jaboneros, Manila Gentlemen : With reference to your letter dated December 17, 1958, I have the honor to inform you that essential oils imported for use in the manufacture of ordinary articles, such as soap, are subject only to 7% advance sales tax. cdti Accordingly, your shipment of eight (8) drums of essential oil which you will use in the manufacture of soap is subject only to 7% advance sales tax, the same to be based on the landed cost thereof plus 25% mark-up. This will serve as authority for the Commissioner of Customs in effecting the release of the said shipment by the payment of only 7% advance sales tax. Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue By: (SGD.) MISAEL P. VERA Acting Deputy Commissioner of Internal Revenue
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