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Jul 27, 2020 · I have seen a number of BIR findings during tax assessments imposing 12% VAT on supposedly zero-rated sales of BPO and service exporters in Philippines for alleged failure to comply with VAT zero-rating rules under Section 108(B)(2) of the Tax Code, as amended.
(A) Zero-Rated or Effectively Zero-Rated Sales.- any VAT-registered person, whose sales are zero-rated or effectively zero-rated may, within two (2) years after the close of the taxable quarter when the sales were made, apply for the issuance of a tax credit certificate or refund of creditable input tax due or paid attributable to such sales ...
President’s veto on the VAT zero-rating treatment on sale and delivery of goods to registered enterprises within a separate customs territory under special laws, and within Tourism Enterprises Zones was another.
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.
(b) If the sale is exempt from value-added tax, the term ‘VAT-exempt sale’ shall be written or printed prominently on the invoice; (c) If the sale is subject to zero percent (0%) value-added tax, the term ‘zero-rated sale’ shall be written or printed prominently on the invoice;
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.
Dec 14, 2021 · "Recently, the BIR issued RR 21-2021, clarifying transaction that are considered VAT zero-rated. Thus, pursuant to RR 21-2021, the following sales of goods or properties by VAT-registered persons shall be subject to zero-percent (0%) VAT."
