VAT Ruling No. 109-92
VAT Ruling No. 109-92 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Oct 2, 1992
Full text
October 2, 1992 VAT RULING NO. 109-92 NIRC Sec. 99 100 (a) Precedent Ruling 088-92 Liwayway Publishing, Inc. 2249 Pasong Tamo, Makati, M.M. Attention: Buenaventura M. Gonda President Gentlemen : This has reference to your letter dated July 8, 1992 requesting for a ruling as to whether "sales of scrap" is subject to VAT or not when the scraps are composed of newsprint spoilage, undelivered copies, and returned copies which are common occurrences in the publishing and printing business. In reply, please be informed that sale of scraps is subject to value-added tax because these are sales "in the course of trade or business." This finds support in VAT Ruling Nos. 070-92 and 088-92. Very truly yours, (SGD.) JOSE U. ONG Commissioner of Internal Revenue
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