VAT Ruling No. 093-92
VAT Ruling No. 093-92 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Jul 16, 1992
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July 16, 1992 VAT RULING NO. 093-92 NIRC Sec. 100 (a) Precedent Ruling 000-00 Jose C. Castro Attorney-at-Law Ground Floor, Chronicle Bldg. Meralco Avenue Pasig, Metro Manila S i r s : This has reference to your letter dated March 25, 1992 reiterating your previous request last March 14, 1991 for a clarification/ruling on the issue of whether or not a corporation engaged in the business of making and selling ice and allied products is exempt from paying the value-added tax because its business falls under Section 103 of the Tax Code. In reply thereto, please be informed that ice and allied products do not fall within the exempt class of products under Section 103(a) and (b) of the Tax Code. Hence, a corporation engaged in the business of making and selling of said products is subject to the 10% VAT pursuant to Section 100(a) of the same Code. Please be guided accordingly. SDHITE Very truly yours, (SGD.) JOSE U. ONG Commissioner of Internal Revenue
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