VAT Ruling No. 048-91
VAT Ruling No. 048-91 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • May 29, 1991
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May 29, 1991 VAT RULING NO. 048-91 Suzuki Philippines, Inc. Canley Road, Bagong Ilog Pasig, Metro Manila Attention: Ms . Catalina T . Calderon Chief, Accountant Gentlemen : This refers to your application for zero-rate Value-Added Tax on your sale of 486 motorcycle units to Bureau of Local Government Finance with USAID as the payor. In reply, please be informed that your aforesaid sale of motorcycle units does not qualify for VAT zero-rate. Pursuant to BIR Ruling No. 275-89 dated November 8, 1989, involving a similar case, this Office held that local purchase of an equipment by USAID for the Department of Finance is exempt from VAT pursuant to Section 103(u) of the Tax Code. Very truly yours, JOSE U. ONG Commissioner of Internal Revenue
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