VAT Ruling No. 021-88
VAT Ruling No. 021-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Feb 11, 1988
Full text
February 11, 1988 VAT RULING NO. 021-88 Vintage Enterprises Inc. CPJ Building Alvarado Street, Legaspi Village Makati, Metro Manila Attention: Mr . Delfin L . Pengson, Jr . Executive Vice-President S i r s : In reply to your query dated February 3, 1988, please be informed that the buying and selling of TV airtime is not subject to the value-added tax since such business activity is not a sale of services, labor or goods but a sale of intangible property rights. Very truly yours, VICTOR A. DEOFERIO, JR. Deputy Commissioner
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.