VAT Ruling No. 012-88
VAT Ruling No. 012-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Feb 18, 1988
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February 18, 1988 VAT RULING NO. 012-88 103 (w)-010-88-012-88 Ms. Rosario V. Bernardino New Galaxie Lithographic Arts 310 A. Del Mundo St., 10th Ave. Caloocan City Dear Madam : In reply to your letter dated February 16, 1988, please be informed that on the basis of your representation that your annual gross receipts do not exceed P200,000, you are exempt from VAT but are subject to 2% tax. You may, however, volunteer to register as a VAT taxpayer and be covered by the VAT system. Very truly yours, VICTOR A. DEOFERIO, JR. Deputy Commissioner
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