Exemption of the Business of Leasing Real Property from VAT
BIR Ruling No. 081-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 8, 1988
Full text
March 8, 1988 BIR RULING NO. 081-88 103 (q) 000-00 081-88 S i r : In reply to your letter dated January 15, 1988, please be informed that your business of leasing real property is exempt from the value-added tax pursuant to Section 103(q) of the Tax Code as amended by Executive Order No. 273. cdt Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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