VAT Ruling No. 017-88
VAT Ruling No. 017-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Feb 5, 1988
Full text
February 5, 1988 VAT RULING NO. 017-88 103 (j)-000-00-017-88 Philippine Airlines, Inc. PAL Bldg., dela Rosa St. Makati, Metro Manila Attention: Mr . Robin C . Dui Vice-President, Comptroller S i r s : This refers to your letter dated December 7, 1987 requesting for a written confirmation exempting Philippine Airlines, Inc. from the application of the Value-Added Tax. Pursuant to Sec. 103 (j) of the National Internal Revenue Code as amended by E.O. 273, the gross receipts of PAL is not covered by the value-added tax system. It is however subject to the 3% common carrier's tax under Section 115 of the Tax Code as amended by E.O. No. 273. Other transactions of PAL such as the leasing of equipment or vehicles are subject to the value-added tax. cd Very truly yours, BIENVENIDO A. TAN, JR. Commissioner of Internal Revenue
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