VAT Ruling No. 088-89
VAT Ruling No. 088-89 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Mar 7, 1989
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March 7, 1989 VAT RULING NO. 088-89 V & G Better Homes Subdivision, Inc. 110 Juan Luna Street Tacloban City, Leyte Attention: Ms . Juana T . dela Cruz President Gentlemen : This has reference to your letter dated August 20, 1988 stating that you are a real estate dealer/developer; who own the land which you develop and sell the same to the GSIS; and that due to lack of time for verification and to comply with VAT requirements, you registered as a VAT taxpayer. You now want to know whether you are subject to the VAT. In reply, please be informed that under the foregoing facts, your sale is not subject to the Value-Added Tax. (BIR-Ruling No. 190-88; VAT Ruling No. 391-88). Therefore, there is no need for you to register as a VAT taxpayer. We therefore advise you to apply for the cancellation of your VAT registration with the Revenue District Officer of the Revenue District where your business is situated. aisadc Very truly yours, EUFRACIO D. SANTOS Deputy Commissioner
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