VAT Ruling No. 024-93
VAT Ruling No. 024-93 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Apr 30, 1993
Full text
April 30, 1993 VAT RULING NO. 024-93 RMC-63-91-000-00-024-93 Astra Pharmaceuticals (Phils.), Inc. South Superhighway, Paraaque Metro Manila Attention: Ms . Lourdes A . Ecija Accounting and Budget Manager M a d a m : This refers to your letter dated December 16, 1992 requesting for clarification on the issuance of VAT invoices under Revenue Memorandum Circular (RMC) No. 63-91. It is represented that despite the RMC which requires that invoices printed after July 1991 must indicate a "V" after the TIN, you receive some invoices from your suppliers without the letter "V" after the Taxpayer Identification Number (TIN). These invoices were printed after July, 1991. You would like to know if these invoices can qualify as VAT-registered invoices which can generate input taxes. In reply, please be informed that adding the letter "V" to the TIN is required for proper determination of whether or not the taxpayer is VAT-registered. Non-compliance with the requirement would mean that the person is not VAT-registered and therefore any invoice issued by him shall not be entitled to any input tax. prcd Very truly yours, VICTOR A. DEOFERIO, JR. Deputy Commissioner (Officer-in-Charge)
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.