June 15, 2020
BIR RULING NO. OT-320-20
RA No. 9513; BIR Ruling No. 078-10; BIR Ruling No. 358-17;
BIR Ruling No. 751-18; BIR Ruling No. 1299-18
Reyes Tacandong & Co.
Citibank Tower, 8741 Paseo de Roxas
Makati City 1226
Attention: AAA
_______________
Gentlemen :
This refers to your letter dated August 3, 2018 requesting on behalf of your client, Bac-man Geothermal, Inc. (the "Company") for confirmation that the Company, a Department of Energy (DOE)-registered Renewable Energy (RE) Developer, is entitled to value-added tax (VAT) zero-rating on its purchases of local supply of goods, properties and services needed for the development, construction an installation of its various plant facilities, which includes the whole process of exploring and developing renewable energy sources up to its conversion into power, including but not limited to the services performed by subcontractors and contractors, pursuant to Section 15 (g) of Republic Act (RA) No. 9513, otherwise known as, the "Renewable Energy Act of 2008." HTcADC
Background:
The Company is a domestic corporation duly organized and existing under the laws of the Republic of the Philippines with registered address at One Corporate Center, Julia...
