VAT Ruling No. 026-88
VAT Ruling No. 026-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Feb 16, 1988
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February 16, 1988 VAT RULING NO. 026-88 102 (a)-000-00-026-88 The Philippine National Bank Escolta, Metro Manila Attention: Ms . Felicitas G . del Rosario Assistant Vice-President S i r s : This refers to your request for a clarification dated January 26, 1988 as to whether the contract for the production and printing of the PNB annual report is subject to VAT. In reply, please be informed that such business activity is subject to VAT since the annual report is not within the purview of the exempt items under Sec. 103 (f) of the Tax Code as amended by E.O. 273. cd Very truly yours, BIENVENIDO A. TAN, JR. Commissioner of Internal Revenue
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