VAT Ruling No. 107-88
VAT Ruling No. 107-88 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Apr 18, 1988
Full text
April 18, 1988 VAT RULING NO. 107-88 100-000-00-107-88 Philippine Explosives Corporation Wise Building Farlane corner Brixton Pasig, Metro Manila Attention: Mr . George G . Haxton Treasurer, Asst . Gen . Manager S i r s : This has reference to your letter dated October 28, 1987 on the applicability of the value-added tax on your domestic and export sales of industrial explosives and accessories. In reply, please be informed that as a VAT registrant, your direct export sales are automatically zero rated; hence there is no need to file an application for zero rate. You are however, required to file a quarterly return of both your export sales and domestic sales which are subject to the 10% VAT. cdta Very truly yours, BIENVENIDO A. TAN, JR. Commissioner of Internal Revenue By: VICTOR A. DEOFERIO, JR. Deputy Commissioner
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