BIR Ruling [DA-371-98]
BIR Ruling [DA-371-98] • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Aug 17, 1998
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August 17, 1998 BIR RULING [DA-371-98] Arakor Printing Company 40 San Pablo Street Mandaluyong City Attention: Mr . Antonio C . Urbiztondo, Jr . Managing Partner Gentlemen : This refers to your letter dated February 25, 1998 in effect, requesting exemption from VAT as a duly accredited printer of books and other instructional materials by the Department of Education, Culture and Sports. aisadc In reply, please be informed that pursuant to Section 109(y) of the Tax Code of 1997 reading: "SEC. 109. Exempt Transactions . The following shall be exempt from the value-added tax: "xxx xxx xxx "(y) Sale, importation, printing or publication of books and any newspaper, magazine review or bulletin which appears at regular intervals with fixed prices for subscription and sale and which is not devoted principally to the publication of paid advertisements.'' "xxx xxx xxx you are exempt from VAT on your sale, printing or publication of books and instructional materials. This ruling is being issued on the basis of the foregoing facts as represented. However, if upon investigation, it will be disclosed that the facts are different, then this ruling shall be considered null and void. LLjur Very truly yours, (SGD.) SIXTO S. ESQUIVIAS IV Deputy Commissioner (Legal and Enforcement Group)
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