Applicability of VAT to Operations of the Philippine National Lines
BIR Ruling No. 078-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 8, 1988
Full text
March 8, 1988 BIR RULING NO. 078-88 103 (j) 000-00 078-88 S i r : This refers to your letter dated January 22, 1988 inquiring about the applicability of the value-added tax to operations of the Philippine National Lines. Pursuant to Section 103(j) of the National Internal Revenue Code as amended by Executive Order No. 273, the carrier operation of the Philippine National Lines is exempt from the value-added tax. However, said operations are subject to 3% tax under Section 115 of the same Code. Other operations of the Philippine National Lines such as the leasing of equipment or vessels are subject to the value-added tax pursuant to Section 102(a) of the Tax Code as amended. cdt Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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