VAT Ruling No. 022-92
VAT Ruling No. 022-92 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Mar 11, 1992
Full text
March 11, 1992 VAT RULING NO. 022-92 NIRC Sec. 103 (c) Precedent Ruling 241-89 Mr. Arsenio Barcelona IMTEX Trade International No. 4 Stella Maris Street Bo. Kapitolyo, Pasig Metro Manila S i r : This refers to your letter dated September 5, 1991 requesting for a ruling on whether or not the sale or importation of Tea Seed Cake which is commonly used as pesticide for aquaculture is exempt from value-added tax as certified to by the Bureau of Fisheries and Aquatic Resources. In reply, please be informed that pursuant to Sec. 103(c) of the National Internal Revenue Code (NIRC), as amended sale of importation of fertilizers, pesticides and herbicides; chemicals for the formulation of pesticides; seeds, seedlings and fingerlings; fish, animal and poultry feed; and soya bean and fish meals shall be exempt from VAT. Inasmuch as your business is covered by the aforesaid provision, your sale or importation of tea seed cake is exempt from the value-added tax (Refer to the attached copy of VAT Ruling No. 241-89). SEHTIc Very truly yours, (SGD.) JOSE U. ONG Commissioner of Internal Revenue
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