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Mar 22, 2022 · Sales declared by the taxpayers as zero-rated for the period of 1 July 2021 up to 9 December 2021 (before the effectivity of RR No. 21-2021) shall remain as zero-rated transactions applying the non-retroactivity rule under Section 246 of the Tax Code.
However, the value added tax system in the Philippines provides for the zero-rated sales of services. Under zero-rated (0% VAT) sales rule, the seller does not impose the 12% value added tax in the Philippines to the buyer who is within the Philippines or abroad.
Jun 23, 2021 · The Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) 09-2021 on June 11, 2021, which implements the imposition of 12 percent Value-Added Tax (VAT) on certain previously zero-rated goods and services.
Mar 21, 2022 · It now provides that the effective VAT zero-rating will only apply to the sale of goods and services rendered to persons or entities which have direct and indirect tax exemptions pursuant to special laws or international agreements to which the Philippines is a signatory.
Dec 14, 2021 · On the other hand, the following services performed in the Philippines by a VAT-registered person shall be subject to zero-percent (0%) VAT: 1. Services other than processing, manufacturing or repacking of goods rendered to a person engaged in business conducted outside the Philippines, or to a non-resident person not engaged in business who is ...
Apr 22, 2022 · According to the Philippine Bureau of Internal Revenue (BIR) in its recent Revised Memorandum Circular (RMC) No. 24-2022, the cross-border doctrine was rendered ineffectual and inoperative...
Aug 15, 2023 · Without an approved Application for VAT Zero-Rate, the sale of goods and services entitled for VAT zero-rating purposes and consummated prior to the effectivity of RR 3-2023, even if the REE was duly endorsed by concerned IPA, shall be subject to 12% VAT.
