VAT Ruling No. 015-89
VAT Ruling No. 015-89 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Jan 25, 1989
Full text
January 25, 1989 VAT RULING NO. 015-89 Mr. Alberto A. Abrot, C.P.A. Financial and Tax Consultant Ground Floor, CAEG Building 7611 De La Rosa Street Makati, Metro Manila S i r : This has reference to your letter dated November 3, 1988 stating that your client, Royal Class Limousine Services Corporation is engaged in the business of maintaining and operating motor vehicles for hire. In this connection, you are requesting a ruling on whether your client is subject to the value-added tax or the 3% common carriers tax. In reply, please be informed that your client is subject to 3% common carriers tax on its gross receipts pursuant to Sec. 115 of the Tax Code, as amended. Such being the case, it is exempt from the Value-Added Tax pursuant to Section 103(j) of the same Code. aisadc Very truly yours, EUFRACIO D. SANTOS Deputy Commissioner
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