ITAD Ruling No. 073-00

2000 ITAD RULING NO. 073-00 Sec. 106 Sec. 108 #206-93 Embassy of the Republic of Korea 10TH Floor, The Pacific Star Building, Makati Avenue, Makati City Attention: Mr . Young-Ho Chung Counsellor Gentlemen : This refers to your Note No. KPH 2000-091 dated April 7, 2000 which was referred to this Office by the Department of Foreign Affairs (DFA), requesting for an exemption from payment of value-added tax (VAT) and ad valorem tax on a local purchase of one (1) unit Honda Accord 2.3 Vti Model 2000, Chassis No. PADCG5540WV000204, Engine No. PAHPO-P100221, kaiser silver color, for the personal use of Mr. Young-Ho Chung, Counsellor of the Embassy of the Republic of Korea. prcd In reply, please be informed that under the principle of reciprocity, this Office may grant exemption to the Embassy of the Republic of Korea or its personnel on their local purchases of goods and/or services it appearing from the lists submitted by the DFA (dated October 4, 1999 and June 15, 1994) that your Government allows similar exemption to Philippine Embassy personnel on their purchase of goods and services in your country. Hence, the purchase of one (1) unit Honda Accord 2.3 Vti Model 2000 for the personal use of Mr. Young-Ho Chung, Counsellor of the Embassy, is exempt from VAT and ad valorem tax. Very truly yours, (SGD.) ROMEO S. PANGANIBAN OIC-Commissioner of Internal Revenue