Exemption of Magazines and Komiks from the Value-Added Tax
BIR Ruling No. 052-89 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 30, 1989
Full text
March 30, 1989 BIR RULING NO. 052-89 100 (a); 103 (f) 394-61; 073-88 052-89 Gentlemen : This refers to your letter dated January 3, 1989 requesting a ruling that magazines and komiks are exempt from value-added tax. cdta In reply, please be informed that magazines such as Mod Filipina, Sports Weekly, Movie Star and Music Magazine (song hits) which appear at regular intervals with fixed prices for subscription and sale and not devoted principally to the publication of advertisement, are exempt from the value-added tax pursuant to Section 103(f) of the Tax Code, as amended by Executive Order No. 273. Comics magazine, a publication containing illustrations of short or serial stories which characterizes people, events, folk humor and jokes, also fall within the purview of magazines; hence, exempt from the value-added tax pursuant to the same provision of the Tax Code. (VAT Ruling No. 016-88) cd Very truly yours, (SGD.) JOSE U. ONG 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.