VAT Imposed on Recapping Activity
BIR Ruling No. 287-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 29, 1988
Full text
June 29, 1988 BIR RULING NO. 287-88 102 (e) 000-00 287-88 Mr. Tomas J. Jarantilla President Buendia Recapping Corp. 8 Evangelista Street Bo. Santolan, Pasig, M.M. S i r : In reply to your letter dated February 22, 1988, please be informed that your recapping activity is classified as "sale of service" which means the performance of all kinds of services for others for a fee, remuneration or consideration and therefore, it is subject to the value-added tax 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 of Internal Revenue TAN: T5152-J0923-A-0
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