VAT Ruling No. 078-90

March 23, 1990 VAT RULING NO. 078-90 100 (a) (1)-000-00-078-90 Servitech, Inc. 2/F ODC INTERNATIONAL PLAZA 219 SALCEDO Street LEGASPI VILLAGE MAKATI, METRO MANILA Attention: Ms . Ana Maria C . de Guzman Finance Manager S i r s : This has reference to your application for zero-rate of your export sales of softwares as well as the services for their maintenance rendered to Muller Barbieri AG (Switzerland). In reply, please be informed that as a VAT registered person (VAT Registration No. 32A-0-005322) your export sales of softwares are automatically subject to VAT at zero percent (0%) pursuant to Section 100(a)(1) of the Tax Code, as amended. Similarly, the services rendered to your foreign clients are also automatically subject to zero rate provided that the consideration is paid for in acceptable foreign currency inwardly remitted to the Philippines and accounted for in accordance with Central Bank rules and regulation (Section 102(a)(2) of the same Code). Very truly yours, JOSE U. ONG Commissioner of Internal Revenue