VAT Ruling No. 022-93
VAT Ruling No. 022-93 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Apr 30, 1993
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April 30, 1993 VAT RULING NO. 022-93 Section 99-100 (a)-109-92-022-93 Manlo Feeds, Incorporated R. Bernal St. Rosario, Pasig Attention: Brandy B . Tongco Accountant S i r s : This refers to your letter dated January 14, 1993 stating that Manlo Feeds, Inc. is a non-VAT registered enterprise engaged in the manufacture of animal feeds. Based on the foregoing, you now request for an opinion on whether or not you are required to pay VAT on the sale of equipment since you terminated your business operations in December 1992 in preparation for a shift to another kind of business. In reply, please be informed that your sale of equipment is subject to VAT because this is a sale "in the course of trade or business". This finds support in VAT Ruling No. 109-92. Very truly yours, VICTOR A. DEOFERIO, JR. Deputy Commissioner (Officer-In-Charge)
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