10% VAT on the Gross Receipts of an Advertising Agencies
BIR Ruling No. 085-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 8, 1988
Full text
March 8, 1988 BIR RULING NO. 085-88 102 (a) 000-00 085-88 S i r : In reply to your letter dated January 25, 1988, please be informed that effective January 1, 1988, advertising agencies are now subject to the value-added tax of 10% on their gross receipts pursuant to Section 102(a) of the Tax Code as amended by E.O. No. 273. Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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