VAT Ruling No. 067-89
VAT Ruling No. 067-89 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Mar 17, 1989
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March 17, 1989 VAT RULING NO. 067-89 Peftok Integrated Services 405 Sunrise Condominium I Ortigas Ave., Greenhills San Juan, Metro Manila Attention: Mr . Bienvenido Castro President S i r s : This refers to your application for zero-rate of your security services to Shinryo Corporation a principal contractor for the construction of the new Asian Development Bank (ADB) headquarters. In reply, please be informed that under Executive Order No. 161, the exemption from the value-added tax of services rendered for the construction of the ADB headquarters is limited only to the principal or direct contractor. Such being the case, your application for zero rate of your services to a direct contractor is disapproved. For this, you are subject to the 10% VAT which your contractor can use as an input tax against its output tax. aisadc This revokes VAT Ruling No. 324-88. Very truly yours, JOSE U. ONG Commissioner of Internal Revenue
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