VAT on Sale of Water as Mineral Product

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BIR REVENUE MEMORANDUM CIRCULAR NO. 7-94: VAT on Sale of Water as Mineral Product

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Title Supreme Court: VAT on Sale of Water as Mineral Product

Law: Bir Revenue Memorandum Circular No. 7-94

Decision Date: Feb 18, 1994

The BIR Revenue Memorandum Circular No. 7-94 clarifies that the sale of water, classified as a mineral rather than an agricultural product, is subject to a 10% value-added tax, revoking the previous exemption established in BIR Ruling No. 017-88.

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