VAT Ruling No. 021-89

January 27, 1989 VAT RULING NO. 021-89 103 (j) -000-00-021-89 First Orient Lines, Inc. 1541 M.H. del Pilar Cor Cuarteles Ermita, Manila Gentlemen : This has reference to your letter dated October 9, 1988 requesting for a VAT exemption certificate in lieu of your VAT Registration Certificate which you had earlier requested for cancellation in your letter dated December 8, 1988. It is represented that your company is engaged in the leasing and renting of automobiles, buses and all types of cars to individual domestic and foreign tourists and that inspite of your VAT registration (VAT Registration Certificate No. 25-0-02535) you have paid the corresponding 3% common carriers tax. In reply, please be informed that on the basis of the nature of your business your gross receipts are subject to the 3% common carriers tax under Section 115 of the Tax Code as amended. For this, you are exempt from the value-added tax pursuant to Section 103(j) of the same Code thus, your request for cancellation is granted effective January 1, 1988. aisadc For record purposes, you are required to surrender the original copy of your VAT registration Certificate to RDO 25 together with your unused VAT invoices for cancellation and invalidation purposes. Very truly yours, EUFRACIO D. SANTOS Deputy Commissioner