VAT Ruling No. 100-90
VAT Ruling No. 100-90 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • May 3, 1990
Full text
May 3, 1990 VAT RULING NO. 100-90 Sellchem Corporation 2nd Floor Simon Bldg. Plaridel St., Cebu City Attention: Ms . Clara Llevado S i r s : This refers to your letter dated February 8, 1990, inquiring if the input taxes on your purposes of building materials for the construction of your warehouse can be applied as tax credit against your output VAT. The said building structure shall be used for the storage of your merchandise. prll In reply, please be informed that the input taxes incurred on your purchases of building materials can be applied against your output tax VAT [pursuant to Sec. 104(a) (1) of the Tax Code, as amended by E.O. No. 273.] provided that: (a) The materials are purchased from a VAT registered person. (b) A VAT invoice bearing the name and address of your client was issued by the seller. (c) The warehouse which shall be constructed out of the purchased building material, shall be exclusively used in your VAT registered activity. cdt Very truly yours, VICTOR A. DEOFERIO, JR. Deputy Commissioner
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