Guidelines for Exemption of Newspaper Publications from the 10% Value-Added Tax and from the 2% Percentage Tax
BIR Ruling No. 118-92 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 2, 1992
Full text
April 2, 1992 BIR RULING NO. 118-92 112 000-00 118-92 Mr. Jaime B. Gonzales #58 Legal Street, GSIS Village Project 8, Quezon City S i r : In reply to your letter dated September 23, 1991, please be informed that as long as the newspaper publication meets the following conditions: (1) the newspaper appears at regular intervals; (2) it has a fixed price for subscription; (3) it is not devoted principally to the publication of advertisements, the same is exempt not only from the 10% value-added tax imposed by Section 100 of the Tax Code, as amended by E.O. No. 273 but also from the 2% percentage tax prescribed by Section 112 of the same Code, irrespective of the amount of the gross quarterly sales or receipts. Very truly yours, JOSE U. ONG Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.