January 22, 2010
BIR RULING [DA-(VAT-002) 008-10]
109 (R); DA (VAT-013) 092-08 dtd. 7/30/2008
Aklat Eskwela Publishing Inc.
#3 Kulambo St., Urduja Village
Caloocan City
Attention: Salud B. Villa
Corporate Secretary
Gentlemen :
This refers to your undated letter requesting in effect, for exemption from value-added tax (VAT) or 3% percentage tax pursuant to the provisions of Section 109 (R) of the Tax Code of 1997, as amended.
It appears that Aklat Eskwela Publishing, Inc. is duly registered with the Securities and Exchange Commission (SEC) under SEC Registration No. CS200904575 dated March 24, 2009 with Taxpayer Identification Number (TIN) 007-269-639; and that the primary purpose for which the corporation was formed are the following, to wit:
"To carry on business as proprietors and publishers of newspapers, journals, magazines, books and other literary works and undertakings; and also to carry on business as printers, booksellers, bookbinders, paper makers, stationers, engraver photographers, photographic printers, stereotypers, electro-typers, lithographers, machinist, silkscreeners, or any business of manufacture that may seem expedient."
In reply, please be informed that under Section 109, par. (R) of the Tax Code of 1997, as amended, sale,...
