VAT Ruling No. 105-88
VAT Ruling No. 105-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Apr 19, 1988
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April 19, 1988 VAT RULING NO. 105-88 397-87-105-88 Gono Law Office 5th Flr., Antonio Bldg. T.M. Kalaw St., Manila Gentlemen : This refers to your letter dated April 5, 1988 requesting a ruling on the applicability of value-added tax on the business of buying/selling airtime of your client Tele-Magic Makers, Inc. In reply, please be informed that the aforesaid transaction is exempt from the 10% value-added tax because such activity does not constitute sale of goods or taxable service of intangible property rights. This opinion finds support in BIR Ruling No. 397-87. Very truly yours, BIENVENIDO A. TAN, JR. Commissioner of Internal Revenue By: VICTOR A DEOFERIO, JR. Deputy Commissioner
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