VAT Exemption on the Sale of LPG known as "Caltex LPG" or "Starflame"
BIR Ruling No. 474-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 4, 1988
Full text
October 4, 1988 BIR RULING NO. 474-88 103 (d) 000-00 474-88 Gentlemen : In reply to your letter dated August 2, 1988, please be informed that your sale of Liquefied Petroleum Gas (LPG) known as Caltex LPG or Starflame is exempt from the value-added tax under Section 103(d) of the Tax Code, as amended by Executive Order No. 273. LPG is not under processed gas. The latter is subject to specific tax at the rate of five centavos per liter under Sec. 145(a)(2) of the Tax Code and is subject to VAT while the former is subject only to 24% ad valorem tax under section 145(b)(2) of the same Code. Very truly yours, (SGD.) EUFRACIO D. SANTOS Deputy Commissioner
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