VAT Ruling No. 020-93
VAT Ruling No. 020-93 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Apr 28, 1993
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April 28, 1993 VAT RULING NO. 020-93 Section 099-100 114-92 020-93 San Miguel Corporation 40 San Miguel Avenue Mandaluyong, Metro Manila Attention: Mr . Leoncio S . Cao Asst . Vice President Gentlemen : In reply to your letter dated March 16, 1993, please be informed that pursuant to VAT Ruling No. 114-92 holding that television airtime is an intangible property right, the sale thereof by the blocktimer to the advertiser in the form of commercial or advertising spot is not subject to value-added tax because intangible property right is not a VAT-taxable goods pursuant to Sections 99 and 100 of the Tax Code. casia Very truly yours, VICTOR A. DEOFERIO, JR. Deputy Commissioner Officer-in Charge Commissioner of Internal Revenue
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