Exemption of the Importation of Rice and Corn Grains by NFA from VAT
BIR Ruling No. 154-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 19, 1988
Full text
April 19, 1988 BIR RULING NO. 154-88 103 (b) 000-00 154-88 Gentlemen : In reply to your letter dated March 4, 1988, please be informed that the importation of rice and corn grains by the National Food Authority (NFA) pursuant to P.D. No. 4 as amended by P.D. No. 699 and P.D. No. 1485 is exempt from the value-added tax under Section 103(b) of the Tax Code as amended by Executive Order No. 273. Very truly yours, (SGD.) EUFRACIO D. SANTOS Deputy Commissioner
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