VAT Ruling No. 090-88
VAT Ruling No. 090-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Apr 20, 1988
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April 20, 1988 VAT RULING NO. 090-88 248/249-000-00-090-88 Philippine Ports Authority Marsman Building South Harbor, Port Area Manila Attention: Luis Liwanag Asst . General Manager Gentlemen : In reply to your letter dated April 8, 1988 requesting for an extension of time to file your initial VAT return from April 20, 1988 to June 20, 1988 because of physical impossibility in classifying your gross receipts subject to VAT in the light of Revenue Memorandum Circular No. ______, please be informed that as your request is meritorious, the same is hereby granted, subject however to the payment of interest in accordance with Section 249 (d) of the Tax Code. However, you are not subject to the 25% surcharge because Section 248 of the Tax Code, as amended which enumerates the cases where the civil penalty of 25% shall be imposed, does not include the payment of internal revenue taxes within the period of extension authorized by the Commissioner. cdt This ruling finds support in BIR Ruling No. 99-87. Very truly yours, VICTOR A. DEOFERIO, JR. Deputy Commissioner
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