Request for Certificate of VAT Exemption Needed in the Printing of Non-VAT Official Receipts

October 19, 1998 BIR RULING NO. 152-98 109 (w), 116-152-98 Atlanta Land Corporation Suite 204, Goldhill Tower No. 5 Annapolis Street, Greenhills San Juan, Metro Manila Attention: Ms . Anne Chua Sy Chief Accountant Gentlemen : This refers to your letter dated February 19, 1998 requesting for a certificate of VAT exemption which your supplier needs in the printing of your non-VAT official receipts. It appears that you are registered with the Housing and Land Use Regulatory Board (HLURB) under Certificate of Registration No. 00674; that you are also a holder of a License to Sell No. 00651 issued by HLURB; and that gleaned from your letter, the selling price of the house and lot in your Grand Victoria Estates Subdivision is less than P1,000,000.00. In reply, please be informed that pursuant to Section 4.103-1 (B) (w) (4) of Revenue Regulations No. 7-95 as amended by Revenue Regulations No. 6-97, the sale by real estates dealers and/or lessors of house and lot and other residential dwellings valued at One Million Pesos (P1,000,000.00) and below shall be exempt from VAT. Since, as represented the selling price of the house and lot at your Grand Victoria Estates Subdivision is less than P1,000,000.00, you are exempt from VAT on your aforesaid transaction pursuant to Section 109 (w) of the Tax Code of 1997. This ruling is being issued on the basis of the foregoing facts as represented. However, the same shall be considered null and void if it turns out later that the facts are different from those as represented. dctai Very truly yours, (SGD.) BEETHOVEN L. RUALO Commissioner of Internal Revenue