Tax Imposed on the Tape Recording Machines
BIR Ruling No. 710-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 29, 1958
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December 29, 1958 BIR RULING NO. 710-58 Anselmo Hilario Santos & Co 548-550 Ronquillo St. Manila Gentlemen : In reply to your letter dated December 22, 1958, I have the honor to inform you that tape recording machines are subject to 7% sales tax. cdta Accordingly, your shipment of six (6) pieces of Model V-M/711 tape recording machines 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 aforesaid shipment upon the payment of only 7% advance sales tax. prll 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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