VAT on the Importation of Prawn Feeds
BIR Ruling No. 062-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 29, 1988
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February 29, 1988 BIR RULING NO. 062-88 103 (c) 000-00 062-88 Gentlemen : This refers to your letter dated February 9, 1988 stating that you are a registered cooperative of good standing as certified by the Bureau of Cooperative Development on April 2, 1986; that you are engaged in the production of Tiger Prawn for export; that you are importing prawn feeds tax free under Presidential Decree No. 2008. Based on the foregoing, you now request information as to whether you are subject to the value-added tax (VAT) on your importation of prawn feeds. In reply, please be informed that your importation of prawn feeds is exempt from the value-added tax pursuant to Section 9(b)(3) of Revenue Regulations No. 5-87, implementing Section 103(c) of the Tax Code, as amended by Executive Order No. 273. cdti Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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