VAT Ruling No. 003-89
VAT Ruling No. 003-89 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Jan 16, 1989
Full text
January 16, 1989 VAT RULING NO. 003-89 99-463-88-003-89 Mayon International Brokerage Corporation 3rd Floor, T. P. A. Bldg. 7496 Bagtican Street, Pasong Tamo, Makati, Metro Manila Attention: Mr . Miguel R . Diputado Exec . V . P . & General Manager Gentlemen : This has references to your letter dated November 21, 1988 stating that the importation of paper binding materials for Bible cover was allowed by the Department of Finance to be exempt from customs duties under section 105-S of the Tariff and Customs Code and from VAT under the Tax Code as amended by Executive Order No. 273. As further represented through the letter of the Department of Finance dated July 5, 1988 to the Philippine Bible Society (PBS), the direct importer is File System Manufacturing and Supply Company, the exclusive cover manufacturer of PBS. You now request that the said importation be exempt from the value-added tax. In reply, please be informed that pursuant to VAT Ruling No. 463-88 the importation of paper binding materials for Bible cover is subject to the 10% value-added tax since the direct importer is not the Philippine Bible Society but File System manufacturing Company, a person liable to VAT under Section 99 of the Tax Code as amended. aisadc Very truly yours, EUFRACIO D. SANTOS Deputy Commissioner
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