VAT Ruling No. 029-98
VAT Ruling No. 029-98 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Sep 17, 1998
Full text
September 17, 1998 VAT RULING NO. 029-98 Section 109 (y)-000-029-98 ABC Educational Products and Services Development Agency 452 Bulalakaw Street Mandaluyong City Attention: Ms . Florinia S . Espiritu Santo Proprietress Gentlemen : This refers to your letter dated February 16, 1998 requesting exemption from VAT as publisher of educational books. In reply, please be informed that pursuant to Section 109(y) of the Tax Code of 1997, reading: "SEC. 109. Exempt Transactions . The following shall be exempt from the value-added tax: "xxx xxx xxx "(y) 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." "xxx xxx xxx you are exempt from VAT on your sale, printing or publication of educational books. This ruling is being issued on the basis of the foregoing facts as represented. However, if upon investigation, it will be disclosed that the facts are different, then this ruling shall be considered null and void. LLpr Very truly yours, (SGD.) SIXTO S. ESQUIVIAS IV Deputy Commissioner Legal & Enforcement 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.