VAT Ruling No. 079-88
VAT Ruling No. 079-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Apr 12, 1988
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April 12, 1988 VAT RULING NO. 079-88 100 (a)-000-00-079-88 Mr. Jaime Calosing Chief, Administrative Services Department of National Defense Camp Aguinaldo, Manila S i r : In reply to your query of the applicability of the 10% value-added tax on the prices of contracts that your agency entered with Philippine Fuji Xerox Corporation starting January 1, 1988, please be informed that if the transaction involves a renegotiation of contracts, the 10% VAT must be imposed on the contract price net of the 4% contractor's tax that has been imputed in contract prices prior to 1988. cd Furthermore, you are hereby informed that payment of the 10% VAT is not subject to the withholding system under the provision of Republic Act No. 1051. Very truly yours, EUFRACIO D. SANTOS Deputy Commissioner
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