Exemption of the Importation of Books from VAT
BIR Ruling No. 051-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 18, 1988
Full text
February 18, 1988 BIR RULING NO. 051-88 103 (f) 003-88 051-88 Gentlemen : This refers to your letter dated January 22, 1988 requesting in behalf of your client the Encyclopedia Britannica (Phils.), Inc. exemption from the value-added tax on its importation of books which, as represented, will arrive in the Philippines on the first week of February. In reply, please be informed that pursuant to Section 103(f) of the Tax Code as amended by E.O. 273, importation of books as in the case of your client is exempt from the value-added tax. This serves as authority for the release from Customs custody of the aforesaid importation of books without payment of the value-added tax. cdtech Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.