VAT Ruling No. 023-01
VAT Ruling No. 023-01 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • May 11, 2001
Full text
May 11, 2001 VAT RULING NO. 023-01 Sec 109 (y) 000-00 Bren's Enterprises 83 Isarog St., Sta. Mesa Heights Quezon City Attention: Mr . Bruce 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 December 20, 2000 and with the National Development Book Board (NBDB) as Book Publisher and was issued Certificate of Registration No. 2000-0036; and that you were also accredited by the Department of Education, Culture and Sports (DECS) as such and was issued Certificate of Accreditation No. 9907-S-136. 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
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.