VAT Ruling No. 101-89

April 21, 1989 VAT RULING NO. 101-89 P. Floro Shipping Corporation P.O. Box 496, Manila Attention: Mr. George dela Pea Accountant S i r s : This refers to your letter dated September 8, 1988, requesting consideration of your non-filing of VAT returns ending June 30, 1988 on the basis of the following: (a) your company which solely engaged in shipping is classified as a transportation contractor which is exempt from VAT but subject to 3% common carrier's tax; and (b) payment of the 3% tax has been made since the 1st quarter of 1988, as evidenced by the attached xerox copies of official receipts. In this connection, please be informed that since your company is exempt from the payment of the 10% VAT under Section 103 (j) of the Tax Code, as amended it is not required to file a quarterly VAT return. Such being the case, your VAT registration is hereby cancelled effective January 1, 1988. For record purposes, you are requested to present the original copy of your VAT registration certificate as well as your VAT invoices to the RDO 35 for cancellation. Very truly yours, (SGD.) JOSE U. ONG Commissioner of Internal Revenue