VAT Ruling No. 053-89
VAT Ruling No. 053-89 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Mar 15, 1989
Full text
March 15, 1989 VAT RULING NO. 053-89 Johannesburg Packaging Corp. 54 Howmart Road, Baesa Quezon City Attention: ROMEO C . CABALINAN President Gentlemen : This refers to your letter dated October 12, 1988 requesting that your export-oriented customers: (1) Zilog Philippines (2) Royal Undergarments Corporation be accredited for effective zero rating purposes. As listed in the attachment made by Zilog Philippines to its letter to the BOI (dated July 14, 1988), your company is one of its suppliers of corrugated boxes which, as verbally represented, you also supply to Royal Undergarments Corporation. In reply, please be informed that since the packaging suppliers form part of the exportable product, your sale of corrugated boxes to said exporters is qualified for effective zero rating pursuant to Section 2 of Revenue Regulations No. 2-88. However, this can only be availed of after an endorsement or accreditation has been issued by the Board of Investments (BOI) to the effect that 70% of the finished products of the purchaser of your raw materials are actually exported. aisadc On this basis, an application for zero rate will have to be filed with the VAT Division. Upon approval, the status as a zero-rated taxpayer shall remain valid until revoked. Very truly yours, VICTOR A. DEOFERIO, JR. Deputy Commissioner
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