VAT Ruling No. 079-92
VAT Ruling No. 079-92 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Jun 17, 1992
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June 17, 1992 VAT RULING NO. 079-92 NIRC Sec. 102 (a) 107 Precedent Ruling 007-92 Revenue District Office No. 16 Bureau of Internal Revenue Olongapo City 2200 Zambales Attention: Atty. Antonio F. Montemayor Revenue District Officer S i r : This refers to your 1st indorsement dated March 5, 1992 regarding the query of Mr. Francis X. Rodriguez on whether he is subject to the 3% common carrier's tax or to the 10% VAT on his business of leasing trucks and heavy equipments (providing its drivers, operators, gasoline and oil and the maintenance of said equipments) to Benguet Dizon Consolidated Mines on an hourly basis. In reply, please be informed that leasing of trucks and heavy equipments partakes the nature of leasing of personal property; hence, subject to 10% VAT under Sec. 102(a) of the Tax Code, if its gross sale or receipts exceed P200,000.00 in any 12-month period. (Sec. 107 of the Tax Code) EDcICT Very truly yours, JOSE U. ONG Commissioner of Internal Revenue By: (SGD.) EUFRACIO D. SANTOS Deputy Commissioner Officer-in-Charge
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