The Philippine Court of Tax Appeals issued a decision on Jan. 16, 2026 in CTA Case No. 10570, ruling that yearbook printing is VAT‑exempt because yearbooks qualify as books under Philippine law. The ruling invalidated the Commissioner of Internal Revenue’s assessments for deficiency income tax and VAT for the taxable year 2013, which had been based on BIR Ruling No. 421‑2013. The decision clarifies the validity of such assessments and the treatment of yearbook sales for VAT purposes.
The Court ruled that yearbook printing is VAT‑exempt because yearbooks qualify as books under Philippine law.
The CIR cited BIR Ruling No. 421‑2013 to support the classification of yearbook sales as VAT‑taxable.
The decision was issued on Jan. 16, 2026.
The decision invalidated the assessments for deficiency income tax and VAT for the taxable year 2013, clarifying that yearbook sales are VAT‑exempt.
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Global VAT Compliance · 3 days ago
The Philippine government has issued a VAT regulation exempting indigenous natural gas and related power generation activities. The exemption applies to indigenous natural gas, aggregated gas attributable to it, electricity generated from it, and ancillary services, subject to endorsement from the Department of Energy and certification of usage. The measure takes effect 15 days after publication, with specific limitations and permit requirements.
ABS-CBN News · 10 days ago
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VatCalc · 11 days ago
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The Invoicing Hub · 25 days ago
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Tribune · about 2 months ago
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Bloomberg Tax · about 2 months ago
The Philippine Court of Tax Appeals issued a decision on Feb. 10, 2026 (CTA Case No. 10561) clarifying the validity of assessments for alleged tax deficiencies. The case involved a domestic corporation claiming entitlement to a 5 % preferential gross income tax rate and a 12 % VAT exemption, arguing that the Commissioner of Revenue had incorrectly applied a 30 % threshold for income from Philippine sources outside the Subic Special Economic and Freeport Zone. The court examined whether the sales in question were within the zone and the implications for the tax assessments.
