VAT Ruling No. 062-89
VAT Ruling No. 062-89 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Mar 15, 1989
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March 15, 1989 VAT RULING NO. 062-89 Mr. Co Cheng Hay Treasurer Philippine Super Feed Corporation 1087 North Bay Blvd., Navotas, Metro Manila S i r : This refers to your letters both dated November 29, 1988 which represented that you are engaged in the sale of poultry and livestock feeds. You are requesting for the VAT exemption of two feed ingredients DL Methionine (an amino acid for animal nutrition) and Dicaphos. In reply, please be informed that under Section 103(c) of the Tax Code, as amended by Executive Order No. 273, the sale of fish, animal and poultry feeds is exempt from VAT. This exemption covers only the manufactured feeds and not the raw materials used in the manufacture of said feeds. Hence, the sale of DL Methionine and Dicaphos is subject to VAT. This finds support in BIR Ruling No. 113-88, a copy of which is attached hereto. aisadc Very truly yours, VICTOR A. DEOFERIO, JR. Deputy Commissioner
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