VAT Ruling No. 012-92
VAT Ruling No. 012-92 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Jan 27, 1992
Full text
January 27, 1992 VAT RULING NO. 012-92 NIRC Sec. 103 (f) Precedent Ruling 084-91 Mr. Emmanuel O. Enriquez Progressive Printing Palace 120 Kamias Road Quezon City S i r : This refers to your letter dated September 21, 1991 requesting for a formal opinion on whether or not the printing of MISCELLANEOUS magazine, published weekly by the Grand Monde Publishing, is exempt from the Value-Added Tax under Section 103(f) of the National Internal Revenue Code, as amended. In reply, please be informed that pursuant to Section 103(f) of the Tax Code, as amended, the printing, publication, importation, or sale 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 advertisements is exempt from VAT. Hence, the printing of magazine is exempt from VAT provided all the above-mentioned requisites for exemption are present. AISHcD Very truly yours, (SGD.) JOSE U. ONG Commissioner of Internal Revenue
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