VAT Ruling No. 105-92
VAT Ruling No. 105-92 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Aug 28, 1992
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August 28, 1992 VAT RULING NO. 105-92 NIRC Sec. 103 (u) Precedent Ruling 064-92 Alas and Company Certified Public Accountants 2nd Flr., Priscilla Bldg. 2278 Pasong Tamo Ext., Makati, Metro Manila Attention: Mr. Ramir M. Macabuhay Tax Services Group S i r s : This refers to your letter dated February 11, 1992 stating that your client, Woo Chang Co. Inc., is an enterprise registered with the Export Processing Zone Authority (EPZA) on October 15, 1990 under EPZA Board Resolution No. 90-169 and engaged in the manufacture of leather goods for export. Based on the foregoing, you now request confirmation whether local purchases made by your client from Republic Commodities, Corp. and other suppliers of air-conditioning units to cool areas where their computerized embroidery machines are located, are subject to VAT. In reply, please be informed that your purchases from Republic Commodities Corp. of airconditioning units shall be exempt from internal revenue taxes in accordance with Article 77(1) of the Omnibus Investment Code (E.O. 226), in relation to Section 103(u) of the Tax Code. aDSHIC Very truly yours, (SGD.) JOSE U. ONG Commissioner of Internal Revenue
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