BIR Ruling [DA-573-04]

November 11, 2004 BIR RULING [DA-573-04] VAT Ruling 537-88 dtd Nov. 22, 1988 Simian Conservation Breeding & Research Center, Inc . 6th Floor, Kings Court Bldg 1 2129 Pasong Tamo, Makati City Attention: Angelita C. Portillano Accounting Manager Gentlemen : This refers to your letter dated September 20, 2004, requesting confirmation of your opinion that the sale of monkeys being non-food forest product is exempt from the Value-Added Tax pursuant to Section 103(a) now Section 109(a) of the Tax Code, as amended by Executive Order 273. It appears from record that SIMIAN CONSERVATION BREEDING AND RESEARCH CENTER, INC. (SICONBREC) is engaged in the collection, breeding, propagation, culture, conditioning, buying and selling of all types or species of feral and bred monkeys, among other things; that these monkeys are exported to international biomedical research community which in turn derives dollar-remittance earning to the Philippines. In reply, please be informed that this Office confirms, as it hereby affirms your opinion, that the sale of monkeys, being non-food forest product is exempt from the value-added tax pursuant to Section 109(a) of the Tax Code of 1997. 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. CASaEc Very truly yours, (SGD.) JOSE MARIO C. BUAG Deputy Commissioner Legal and Inspection Group