VAT Ruling No. 053-88
VAT Ruling No. 053-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Mar 8, 1988
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March 8, 1988 VAT RULING NO. 053-88 103 (b)-050-88-053-88 Mr. Andres L. Rivera CIFRA & Company Inc. R-406 Midland Mansions No. 889 Pasay Road Legaspi Village, Makati Metro Manila S i r : This has reference to your query as to whether blackstrap molasses is covered by the value-added tax. In this regard, please be informed that Section 9 (b) (2) of Revenue Regulation No. 5-87 clarified that molasses is not included among those exempt from value-added tax. With regards to your statement that refined sugar is covered by the value-added tax, we would like to inform you that relative to the request of the National Sugar Refineries Corporation for a reconsideration of the Interpretation of the term "raw cane sugar", it was held that refined sugar was included among the products under the definition of "raw cane sugar". Hence, refined sugar is now exempt from value-added tax. Please be guided accordingly. Very truly yours, BIENVENIDO A. TAN, JR. Commissioner of Internal Revenue
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