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April 13, 2007VAT RULING NO. 004-07R.R. # 16-2005; DA-307-2006DLD Furniture & Accessories International, Inc.Quano Compound, Brgy. ApaoMandaue CityAttention: Mr. Allan MontessaPresidentGentlemen :This refers to your letter dated July 5, 2006 requesting confirmation of your opinion that you qualify for automatic VAT zero-rating on your export sales under Section 106 (A) (2) (a) (1) of the Tax Code of 1997, as amended. It could be ascertained from the documents submitted that DLD Furniture & Accessories Int'l., Inc. (DLD Furniture, for short) is a domestic corporation registered with the Securities and Exchange Commission (SEC) on January 11, 2006; that its primary purpose is to engage in the manufacture and exportation of furniture and accessories; that it is registered with this Bureau as a VAT-registered entity; that it exports 100% of its finished products; that it is your opinion that being an exporter of 100% of your finished products, you are qualified for an automatic zero-rated sales pursuant to Sec. 106(A)(2)(a)(1) of the Tax Code of 1997.In reply, please be informed that Section 4.106-5 (a) (1) of Revenue...