VAT Ruling No. 028-88
VAT Ruling No. 028-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Feb 22, 1988
Full text
February 22, 1988 VAT RULING NO. 028-88 126-000-00-028-88 Gary C. Huang AVP-Marketing Central Azucarera de la Carlota 105 Esteban St. Legaspi Village Makati, Metro Manila S i r : This refers to your letter dated January 19, 1988 inquiring on the method of computing the Value-Added Tax (VAT) for distilled alcohol. In reply thereto, please be informed that under Sec. 126 of the Tax Code, as amended by Executive Order No. 273, the value-added tax shall be in addition to the specific tax thereon. Thus, the 10% VAT on distilled spirits shall be computed on the total of the price of alcohol including the specific tax imposed thereon. cdta Please be guided accordingly. Very truly yours, BIENVENIDO A. TAN, JR. Commissioner of Internal Revenue
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