VAT Ruling No. 022-01
VAT Ruling No. 022-01 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • May 11, 2001
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May 11, 2001 VAT RULING NO. 022-01 Sec. 109 (y) 000-00 Fabi's Enterprises 84 Isarog St., Sta. Mesa Heights Quezon City Attention: Ms . Elizabeth C . Fabillaran Gentlemen : This refers to your letter dated March 27, 2001 requesting for VAT exemption as book publisher. Documents submitted to this Office disclosed that you are registered with the Department of Trade & Industry (DTI) on July 19, 1996 and with the National Development Book Board (NBDB) as Book Publisher, Wholesale Bookseller/Supplier and Retail Bookseller/Supplier and was issued Certificate of Registration No. 2000-0038; and that you were also accredited by the Department of Education, Culture and Sports (DECS) as such and was issued Certificate of Accreditation No. 2010S240. In reply, please be informed that pursuant to Section 109(y) of the 1997 Tax Code, "sale, importation, printing or publication of books and any newspaper, magazine, review or bulletin which appears at regular intervals with fixed prices for subscription and sale and which is not devoted principally to the publication of paid advertisements" is exempt from the value-added tax (VAT). Such being the case, as book publisher/supplier, the proceeds derived from your sale and/or publication of books is exempt from VAT. Very truly yours, (SGD.) EDMUNDO P. GUEVARA Deputy Commissioner Legal and Inspection Group
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