VAT Ruling No. 013-93
VAT Ruling No. 013-93 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Apr 26, 1993
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April 26, 1993 VAT RULING NO. 013-93 103 (q) 263-89 013-93 The New Towers Development Corporation 2nd Floor Natividad 1 Building 2308 Pasong Tamo Extension Makati, Metro Manila Attention: Ms . Annabelle Sanchez Accountant M a d a m : This refers to your letter dated November 11, 1992 requesting for a certification that your company, being a real estate developer, be exempt from the value-added tax (VAT) for the purpose of securing registration as an importer. In reply, please be informed that although your company is exempt from VAT as a real estate developer and is not required to register pursuant to Section 9(b)(15) of Revenue Regulations No. 5-87 implementing Section 103(q) of the Tax Code, your company's importation is subject to the 10% VAT under Section 101 of the same Code. LLphil Very truly yours, VICTOR A. DEOFERIO, JR. Deputy Commissioner (Officer-in-Charge)
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