VAT Exemption on the Printing or Publication of the Electrical Engineer Magazine

October 28, 1988 BIR RULING NO. 520-88 102 000-00 520-88 Gentlemen : This refers to your letter dated July 23, 1988 requesting a ruling as to whether the printing or publication of the Electrical Engineer magazine (copy submitted) which is published bi-monthly by your client, The Institute of Integrated Electrical Engineers of the Philippines (IIEE) is exempt from the value-added tax under Section 103(f) of the Tax Code, as amended. It is represented that your client's official publication, the Electrical Engineer magazine is published solely for membership information and professional enhancement; that it sustains itself through advertisements but is not a revenue-generating publication; that it is given free to IIEE members, government and private offices, commercial attaches and other instrumentalities; that for non-members other than aforestated, the same is sold with fixed prices for subscription. In reply, please be informed that based on the foregoing facts, your client is engaged in the publication of the Electrical Engineer magazine which appears at regular intervals with fixed prices for subscription and sale and which is not devoted principally to the publication of advertisements. Accordingly, it is exempt from the value-added tax pursuant to Section 103(f) of the Tax Code, as amended by Executive Order No. 273. cdta Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner