BIR Ruling No. 210-11

July 5, 2011 BIR RULING NO. 210-11 Section 2 (t) of Revenue Bulletin 01-03; BIR Ruling Nos. 082-10 and DA-394-04 Book Me Up, Inc. 1608 C.M. Recto Ave. Sta. Cruz, Manila Attention: Raul Ortiz Business Coordinator/Manager Gentlemen : This refers to your letter dated March 25, 2011, requesting for a ruling granting a Tax Exemption on behalf of Book Me Up, Inc. on its importation of books from the United States of America. TADIHE As represented, Book Me Up, Inc. (the "Company") is a corporation organized and existing under the laws of the Republic of the Philippines and organized for the purpose of importing and exporting of books, school and office supplies, general merchandise, gifts and novelties. Due to the wide margin of students without quality books and the high prices with which the local publishers in the Philippines are selling books, Book Me Up, Inc. decided to import books to be sold at lower prices, and is now requesting for a Tax Exemption on its planned importation. In reply, please be informed that this Office cannot as yet issue a determinative ruling on the above matter considering that the issue is based on hypothetical situation, which is considered as a "No-Ruling Area" pursuant to Section 2 (t) of Revenue Bulletin 01-03. (BIR Ruling No. DA-394-04, dated July 21, 2004; and BIR Ruling No. 082-10, dated October 5, 2010) Section 2 (t) of Revenue Bulletin 01-03 provides: "SECTION 2. List of No-Ruling Areas. The following shall hereby be construed and identified as "No-Ruling Areas": t) Request for rulings on issue/s or transactions based on hypothetical situations;" Be that as it may, we would be glad to assist you should you request for a ruling after the planned importation has been executed, and the proper supporting documents have been submitted. Please be guided accordingly. Very truly yours, (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue