VAT Ruling No. 089-88
VAT Ruling No. 089-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Apr 8, 1988
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April 8, 1988 VAT RULING NO. 089-88 107 (d)-000-00-089-88 Mr. George L. Howard Suite 205, SEC Building EDSA cor. Ortigas Ave. Greenhills, Metro Manila S i r : This has reference to your letter dated February 19, 1988 regarding the taxation of your client, Philippine Graphic Arts Incorporated. In this connection, please be informed that your client is exempt from value-added tax on its transaction covered by Section 103 (f) of the Tax Code, as amended by EO 273. This exemption applies whether the printing, publication, importation or sale is performed by one person or entity at the same time, or separately by different persons or entities. However, as provided under Sec. 107(d) of the Tax Code, amended by EO 273, your client can avail of the optional registration for value-added tax by Filing an application form for registration under BIR Form No. 2550-1. Regarding the payment of fixed tax, please be informed that your client is no longer liable to pay said tax as it is now abolished by EO 273. Please be guided accordingly. Very truly yours, BIENVENIDO A. TAN, JR. Commissioner of Internal Revenue By: VICTOR A. DEOFERIO, JR. Deputy Commissioner
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