VAT Ruling No. 022-88
VAT Ruling No. 022-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Feb 11, 1988
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February 11, 1988 VAT RULING NO. 022-88 Professional Media Marketing Corp. Room 204, Comfoods Bldg. Buendia Cor. Pasong Tamo, Makati, Metro Manila Attention: Ms . Loida Garcia S i r s : In reply to your query dated January 20, 1988, please be informed that: 1. Unicomm Production Co., Inc. 2. Apex Media Marketing, Inc. 3. Professional Media Marketing, Inc. and 4. Professional Media Specialists, Inc. are not subject to the payment of the value-added tax considering that the buying and selling of TV airtime is not a sale of services or labor as ruled in BIR ruling No. 188 and effectively reiterated in BIR Ruling No. 397-87. Likewise, buying and selling of TV airtime is not a sale of goods but a sale of intangible property. For this, there is no need to register with the BIR for VAT purposes, hence, no credit for input tax can be claimed. cdta Very truly yours, VICTOR A. DEOFERIO, JR. Deputy Commissioner
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