VAT Ruling No. 057-99

May 17, 1999 VAT RULING NO. 057-99 Sec. 106 (2) (c) 000-00 057-99 Policy, Training and Technical Assistant Facility (PTTAF) Project Management Office Unit 603 Manila Luxury Condominium Pearl Drive corner Gold Loop Ortigas Center, Pasig City Attention: Ms . Nide Marie S . Bombay Project Director Gentlemen : This refers to your letter dated February 12, 1999 requesting an extension of the tax exemption granted to your Office under BIR Ruling No. 111-97 dated October 23, 1997. cdlex It is represented that PTTAF-Phase I is a six-year project funded by the Canadian International Development Assistance (CIDA) which ended last December 31, 1998; that as a result of the successful implementation of PTTAF-Phase I, a Phase II of the project will run for another six years from 1999 up to year 2004; that Phase II is aimed also at strengthening the capacity of selected Philippine government institutions to effectively and efficiently manage the development process; that this understanding of development assistance is recorded in a Memorandum of Understanding (MOU) executed and entered into by the governments of Canada and Philippines last November 6, 1998. In reply, please be informed that the effectivity of BIR Ruling No. 111-97 dated October 23, 1997 is extended to cover the MOU entered between the governments of Canada and Philippines on PTTAF-Phase II until the year 2004, the facts and circumstances attendant in the said ruling being likewise present in Phase II of the project. This ruling-is being issued on the basis of the foregoing facts as represented. However, if upon investigation it will be disclosed that the facts are different, then this ruling shall be considered null and void. Very truly yours, (SGD.) BEETHOVEN L. RUALO Commissioner of Internal Revenue