VAT Ruling No. 090-91

November 14, 1991 VAT RULING NO. 090-91 Luzel, Inc. 114 Eagle St., Bo. Ugong Pasig, Metro Manila Attention: Ms . Margaret T . Wy Tiu Vice-President (Finance) M a d a m : This has reference to the application dated March 4, 1991 filed by your firm for zero-rating of your export sale contending that you are a BOI-registered (with pioneer status) exporter-producer of carbon film and metal film resistors with a maximum-registered capacity of 702,768,000 piece per year, at least 70% of which shall be exported. In reply, please be informed that such application is not necessary in this particular situation. Export sales are automatically zero-rated under Section 100(a)(1) of the Tax Code, as amended. The exporter may, within two years from the date of exportation, apply for the issuance of a tax credit certificate or refund of the input tax attributable to the goods exported, to the extent that such input taxes have not been applied to output taxes pursuant to Section 106 of the same Code. prcd Very truly yours, JOSE U. ONG Commissioner of Internal Revenue