VAT Ruling No. 036-90
VAT Ruling No. 036-90 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Feb 14, 1990
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February 14, 1990 VAT RULING NO. 036-90 100 (a) (1)-000-00-036-90 Supra-MRM Ore Research, Inc. Apokon Road, Tagum, Davao Del Norte S i r s : With reference to your application for zero-rate dated October 5, 1989, please be informed that your sale of gold to the Central Bank is considered an export sale pursuant to Executive Order 581 and Section 169 of Central Bank Circular No. 960. As a VAT Registered person (VAT Registered No. 88-6-000152) such sale is automatically subject to VAT a zero percent (0%) pursuant to Section 100(a)(1) of the Tax Code as amended by Executive Order No. 273 and RMC 59-88. Such being the case there is no need to seek prior approval of an application for zero-rate. cdtech Very truly yours, JOSE U. ONG Commissioner of Internal Revenue
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