VAT Ruling No. 005-88
VAT Ruling No. 005-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Jan 22, 1988
Full text
January 22, 1988 VAT RULING NO. 005-88 102a-000-00-005-88 J. E. Foronda Chief Accountant Eastern Shipping Lines, Inc. S i r : In reply to your letter dated January 15, 1987, please be informed that Under Section 102 (a) of the National Internal Revenue Code, as amended by Executive Order No. 273, drydocking charges of cargo vessel is subject to the 10% Value-Added Tax. Very truly yours, BIENVENIDO A. TAN, JR. Commissioner of Internal Revenue
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