Whether an International News Agency is Subject to the Value-Added Tax (VAT)
BIR Ruling No. 043-94 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 8, 1994
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February 8, 1994 BIR RULING NO. 043-94 102 (a) 028-92 043-94 Paras & Reynes Ground Floor, Vernida I Amorsolo St., Makati Metro Manila Attention: Atty . Agerico T . Paras Senior Partner Gentlemen : This has reference to your letter dated March 19, 1992 requesting for a ruling on whether or not the AFP, which is an international news agency, is subject to the value-added tax (VAT). In reply, please be informed that pursuant to VAT Ruling No. 028-92, AFP is engaged in a VAT-taxable activity; hence, subject to VAT under Section 102(a) of the Tax Code. cdtech Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue
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