n\a

January 28, 2019DA ITAD BIR RULING NO. 002-19Section 106 (A) (2) (b), NIRC of 1997, as amended; Section 9, Revenue Regulations No. 25-2003;Section 34, Article IX, ADB Headquarters Agreement; BIR Ruling No. ITAD-011-14Asian Development Bank6 ADB Avenue, Mandaluyong CityAttention: AAA__________Gentlemen :This refers to your letters dated December 18, 2018 indorsed to this Office by the Department of Finance and the Department of Foreign Affairs, requesting exemption from value-added (VAT) and ad valorem taxes on the local purchase of two (2) motor vehicles for the official use of the Logistics Management Unit of the Asian Development Bank (ADB), specifically described as follows:  MAKEMODEL YEARCOLORCHASSIS NO.ENGINE NO.Toyota Camry 2.5V A/T2019ThermalyteMR2BF3HK4J40003912AR2083460Toyota Camry 2.5V A/T2019ThermalyteMR2BF3HK2J40003422AR2080235 In reply, please be informed that Section 106 (A) (2) (b) of the National Internal Revenue Code (NIRC) of 1997, as amended by Republic Act No. 10963, otherwise known as the Tax Reform for Acceleration and Inclusion (TRAIN) Act, provides, viz.:"SEC. 106.  Value-Added Tax on Sale of Goods or Properties. —(A)  Rate and Base of Tax. — There shall be levied, assessed and collected...