Withdrawal of Tax-Exemption Privilege Granted to PAL on Its Purchase of Domestic Petroleum Products
Letter of Instructions No. 1483 • Presidential Issuances • Letters of Instructions • Oct 31, 1985
Full text
July 13, 1988 VAT RULING NO. 294-88 100 (a)-000-00-294-88 Export Processing Zone Authority 4th Floor, Legaspi Towers 300 Roxas Blvd., Manila Attention: Mr . Jaime L . Guerrero Administrator S i r s : This refers to your letter dated April 28, 1988 requesting that the applicability of effective zero-rating on sales of raw materials to BOI registered export producers under Revenue Regulations No. 2-88 be extended to sales of raw materials to EPZA registered enterprises. In reply, please be informed that pursuant to Article 77(2) of Executive Order 226 (The Omnibus Investment Code of 1987), "merchandise" (this includes raw materials) purchased by a registered zone enterprise from the customs territory and subsequently brought into the zone shall be considered as "export sales" which are subject to zero rate under Section 100(a) of the Tax Code as amended, provided the sale is transacted by a VAT registered supplier. Very truly yours, EUFRACIO D. SANTOS Deputy Commissioner
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.