VAT Ruling No. 062-88
VAT Ruling No. 062-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Mar 9, 1988
Full text
March 9, 1988 VAT RULING NO. 062-88 103 (w)-000-00-062-88 Jovenal R. Fernandez R-425 Madrigal Building Escolta, Manila S i r : In reply to your letter dated February 17, 1988 please be informed that you are not required to register as VAT taxpayer pursuant to Sec. 103 (w) of the Tax Code, as amended by EO 273. However, you shall pay a tax equivalent to 2% of your gross quarterly sales or receipts as required under Sec. 112, Title V of the Tax Code. cdta Please be guided accordingly. Very truly yours, BIENVENIDO A. TAN, JR. Commissioner of Internal Revenue
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