Sale of Books Purchased from Local Publishers is Not Subject to the Value-added Tax
BIR Ruling No. 386-87 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Nov 27, 1987
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November 27, 1987 BIR RULING NO. 386-87 103 (f) 000-00 386-87 Gentlemen : This refers to your letter dated October 24, 1987 requesting opinion as to whether or not you are subject to the value-added tax on your sale of books which you purchase from local publishers and book stores. In reply, please be informed that as seller of books, you are not subject to the value-added tax pursuant to Section 103(f) of the Tax Code as amended by Executive Order No. 273. Neither are you required to register as a VAT taxpayer with the Revenue District Officer of the place where your principal place of business is located. You may however, at your option, apply for registration notwithstanding that you are not and will not be liable to be registered. (Section 18(c), Revenue Regulations No. 5-87) Very truly yours, (SGD.) EUFRACIO D. SANTOS Officer-in-Charge
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