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November 20, 2006VAT RULING NO. 012-06R.R. 16-2005 Section 109 (G) 000-00Best Diagnostic Corporation#94 Masikap Street, DilimanQuezon City Attention: Dr. Antonio P. BalisiTreasurerGentlemen :This refers to your application for the issuance of a VAT Exemption Certificate in relation to your business of conducting diagnostic and laboratory services. It is represented that Best Diagnostic Corporation (Best for brevity) is a domestic corporation duly organized and existing under the laws of the Republic of the Philippines; that its principal office is located at No. 94 Masikap Street, Diliman, Quezon City; and that as shown in its Articles of Incorporation, its primary purpose is to engage in the business of conducting diagnostic and laboratory services such as but not limited to x-rays, ECG and ultrasound.It is your position that Best is exempt from value-added tax (VAT) for conducting diagnostic and laboratory services invoking Section 109 of the National Internal Revenue Code of 1997 (Tax Code), as amended, and its implementing regulations Revenue Regulations No. 16-2005.In reply, please be informed that Section 109 of the Tax Code provides:"SEC. 109. Exempt...