VAT Ruling No. 016-90
VAT Ruling No. 016-90 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Jan 22, 1990
Full text
January 22, 1990 VAT RULING NO. 016-90 100 (a) (1)-000-00-016-90 Phil. Development & Industries Corp. Rm. 504, State/Condominium I Salcedo St., Legaspi Village Makati, Metro Manila Attention: Mr . Victor Chiong Executive Vice President S i r s : In connection with your application for zero-rate, please be informed that as a VAT registered exporter, your export sale of marble is automatically zero-rated pursuant to Section 100(a)(1) of the Tax Code, as amended. For this, there is no need to file an application for zero-rate. However, extraction of marble is subject to excise tax of 3% based on the actual market value of the gross output, payable at the time of its removal from the mining site. Very truly yours, JOSE U. ONG Commissioner of Internal Revenue
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