Tax Liability of a Hospital Operating a Pharmacy or Drugstore
BIR Ruling No. 084-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 8, 1988
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March 8, 1988 BIR RULING NO. 084-88 99 023-88 084-88 Gentlemen : In reply to your letter dated November 23, 1987, please be informed that as long as the amount of sale exceeds P200,000.00 during a 12-month period, a hospital operating a pharmacy or drugstore becomes subject to the value-added tax irrespective of whomsoever the medicine or drug is sold whether to inpatient or outpatient pursuant to Section 9(b)(12) of Revenue Regulations No. 5-87 implementing E.O. No. 273. Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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