Practice question
A publisher’s electronic bulletin is devoted principally to paid advertisements and relies solely on the qualifying-publication exemption. Which is sound?
- Digital format does not remove the statutory condition excluding principally advertising publications
- Every electronic file is automatically exempt
- Only the number of downloads matters
- All advertising is a government educational service
- A VAT invoice creates an exemption
Legal references
- CREATE RA 11534, Section 12, amended NIRC Section 109(1)(R), digital books and publications: https://lawphil.net/statutes/repacts/ra2021/ra_11534_2021.html
Answer this question in flashcards to review your response and continue practicing.