VAT Ruling No. 006-98
VAT Ruling No. 006-98 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Jan 29, 1998
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January 29, 1998 VAT RULING NO. 006-98 Sec. 103 (y)-057-97-006-98 A-Z Direct Marketing, Inc. A-Z Building, 723 Sgt. Bumatay St. Mandaluyong City Attention: Mr . Fabio Enriquez VP-Finance Gentlemen : This refers to your letter dated July 17, 1997 requesting for a ruling as to whether the importation of Reader's Digest Magazine is exempted from value-added tax. cdta It appears that your company is an importer of Reader's Digest Magazine which appears at regular monthly intervals; that it is with a fixed price for subscription and sale and that it is not devoted principally to the publication of paid advertisements. In reply, please be informed that the sale, importation, printing or publication of books and any newspaper, magazine, review or bulletin which appears at regular intervals with fixed prices for subscription and sale and which is not devoted principally to the publication of paid advertisements are exempt from value-added tax pursuant to Section 103(y) of the Tax Code, as amended by Republic Act No. 8241 and as implemented by Revenue Regulations No. 6-97. (BIR Vat Ruling No. 057-97 dated September 18, 1997) aisadc Very truly yours, SIXTO S. ESQUIVIAS IV Deputy Commissioner Legal & Enforcement Group
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