About this document
VAT on Sale of Bottled Water by Lance Morillo is a document available to read on EtoBox.
The document summarizes a revenue memorandum circular regarding the value-added tax (VAT) on the sale of water. It revokes an earlier ruling that classified fresh water as an agricultural food product exempt from the 10% VAT, arguing that water is instead a mineral product based on legal definitions. As a mineral rather than agricultural product, the sale of water in any form, including bottled water and water supplied to vessels, is now subject to the 10% VAT rate according to the tax code.
- Author
- Lance Morillo
- Language
- EN