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RMC No. 52-2005: Reiterates the Value-Added Tax liability of the tollway industry

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Summary

RMC No. 52-2005 reiterates the Value-Added Tax (VAT) liability of the tollway industry.

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Key points

  1. VAT Ruling No. 045-03. It declared that with Republic Act 7716 restructuring the VAT system, services of all franchise grantees are already subject to VAT. The exceptions are radio and/or television broadcasting companies whose annual gross receipts of the preceding year do not exceed P10 Million, and electric, gas and water utilities.
  2. Compliance. The tollway industry and all other franchise grantees must comply with the law and regulations on VAT.

Who is affected

  • Tollway industry
  • Franchise grantees

Deadlines and effectivity

  • Issued October 3, 2005

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances (2)

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Cited byRMC No. 30-2010RMC No. 72-2009

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.