VAT Ruling No. 007-90
VAT Ruling No. 007-90 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Jan 4, 1990
Full text
January 4, 1990 VAT RULING NO. 007-90 The Philippine Foundation for Cultural & Educational Development, Inc. No. 152 N. Domingo Street Cubao, Quezon City Attention: Mr . Juan Antonio H . Nespral Acting President S i r s : This has reference to your letter dated March 6, 1989 requesting exemption from the value-added tax (VAT) passed on to the Foundation by its suppliers of goods and services. It is represented that the Philippine Foundation for Cultural and Educational Development, Inc. is a non-stock, non-profit organization the income of which are limited to donations and contributions. In reply, please be informed that the VAT being an indirect tax, may be passed on to buyers of goods and services, notwithstanding the fact that the buyer is VAT-exempt. LibLex Please be guided accordingly. Very truly yours, JOSE U. ONG Commissioner of Internal Revenue
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