VAT Ruling No. 033-88
VAT Ruling No. 033-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Feb 23, 1988
Full text
February 23, 1988 VAT RULING NO. 033-88 103 (f)-000-00-033-88 Mr. Claro M. San Gabriel Manager Fresan Printing 15 Masunurin St., Sikatuna Vill. Diliman, Quezon City S i r : This is in reply to your letter requesting for an official opinion whether printing of books, magazines and newsletters for colleges and universities are subject to the Value-Added Tax. Sec. 103 (f) of the Tax Code as amended by E.O. 273, provides that the printing, publication and importation or sale 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 advertisements, shall be exempt from Value-Added Tax. Inasmuch as your business is covered by the above-cited provision, it is exempt from Value-Added Tax. Very truly yours, BIENVENIDO A. TAN, JR. Commissioner of Internal Revenue
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