VAT Ruling No. 072-88
VAT Ruling No. 072-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Mar 24, 1988
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March 24, 1988 VAT RULING NO. 072-88 101-000-00-072-88 Mr. Jose Carpio Sy Port Operations Manager Avemaco Int'l. Traders, Inc. 1131-1133 EDSA Quezon City S i r : In reply to your query dated February 16, 1988, please be informed that if the Bureau of Customs uses value-added quantity in computing the customs duties, the basis for the computation of the value-added tax on your importation of coke and coke breeze is the landed cost construction of the invoice amount, customs duties, freight, insurance and excise taxes (if the goods are subject to excise tax). On the other hand, if the Bureau of Customs uses the total value as basis, the value-added tax is based on the total value plus customs duties and other charges prior to release from customs custody such as postage, commissions. etc. Very truly yours, EUFRACIO D. SANTOS Deputy Commissioner
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