VAT Ruling No. 016-91
VAT Ruling No. 016-91 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Mar 19, 1991
Full text
March 19, 1991 VAT RULING NO. 016-91 Ms. Fe V. Abasolo Philippines Long Distance Telephone Co. Ramon Cojuangco Bldg. Legaspi St., Makati, M.M M a d a m : This is in reply to your letter dated October 17, 1990 requesting information whether the sale of PLDT of company vehicles to its employees is subject to Value-Added tax. PLDT, a franchise grantee engaged in telephone services, is subject to the franchise tax prescribed in Sec. 117 of the Tax Code and therefore, exempt from the payment of value-added tax pursuant to Sec. 103(j) of the same Code. Such being the case, the sale of PLDT of its used vehicles to its employees is not subject to value-added tax. (See VAT Ruling No. 208-90, dated November 15, 1990) Very truly yours, JOSE U. ONG Commissioner of Internal Revenue
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