VAT Ruling No. 111-89
VAT Ruling No. 111-89 • Bureau of Internal Revenue (BIR) Issuances • VAT Rulings • Apr 21, 1989
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April 21, 1989 VAT RULING NO. 111-89 Betonval Readyconcrete, Inc. Severina Industrial Subd. Km. 16 South Superhighway Paraaque, Metro Manila Attention: Mr. Manuel G. Villatuya Accounting Manager S i r s : This refers to your letter dated December 9, 1988 inquiring as to your legal liability in case you transact business with your suppliers who are not VAT-registered. In reply, please be informed that if you purchase goods or services from suppliers who are not VAT-registered, you will not be entitled to input tax credits on such purchases since only purchases of goods and services from VAT-registered persons are entitled to such tax credits pursuant to Sec. 104 of the Tax Code, as amended by Executive Order No. 273. aTEAHc Please be guided accordingly. Very truly yours, (SGD.) JOSE U. ONG Commissioner of Internal Revenue
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