VAT Ruling No. 042-88
VAT Ruling No. 042-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Mar 1, 1988
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March 1, 1988 VAT RULING NO. 042-88 103 (l)-000-00-042-88 LCM Philippines, Inc. Unit 6 Southway Condominium Mayapis St. Cor. Yakal San Antonio Village, Makati, M.M. Attention: Ma . Joy Arreglado-Rivera Chief Accountant M a d a m : This refers to your letter dated January 12, 1988 inquiring whether your corporation which is engaged in rendering laboratory services and previously paying the contractor's tax of 4% is exempt from the value-added tax. Please be informed that pursuant to Section 103(l) of the Tax Code, as amended by E.O. No. 273, and implemented by Sec. 9 (b) (12) or Rev. Reg. No. 5-87 laboratory services are exempt from the value-added tax which replaces the 4% contractor's tax. cdtech Very truly yours, BIENVENIDO A. TAN, JR. Commissioner of Internal Revenue
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