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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.
Jun 29, 2021 · The Bureau of Internal Revenue (BIR) recently issued Revenue Regulations (RR) No. 9-2021 which imposed 12% Value-Added Tax (VAT) on certain transactions that were previously taxed at 0%. The RR took effect on June 27, 2021, 15 days from its publication.
Dec 14, 2021 · Atty. Unciano, discusses the salient provisions in the recently released BIR Revenue Regulations 21-2021 clarifying which transactions shall be subject to zero-percent (0%) VAT.
Apr 22, 2022 · In effect, the sale of goods and services by a VAT-registered seller to registered enterprises in ecozones and freeport zones was treated as a constructive export subject to a VAT zero...
The Bureau of Internal Revenue (BIR) clarifies issues relative to the implementation of Revenue Regulations No. 3-2023 and other related concerns on Value-Added Tax (VAT) zero-rate transactions in the Philippines on local purchases of the Registered Export Enterprises (REEs) and other entities granted with VAT zero-rate incentives under special ...
Jun 11, 2021 · This Tax Alert is issued to inform all concerned on the amendments to Revenue Regulations (RR) No. 16-05, as amended by RR No. 13-18 and RR 26-18, imposing 12% VAT on certain transactions previously subject to 0% VAT upon satisfaction of certain conditions provided under Republic Act No. 10963, also known as the TRAIN Law.
Apr 26, 2022 · In the case of sales that transpired from 1 July 2021 to 27 July 2020, the seller and the purchaser have the option to treat the transaction as either subject to 12% VAT or revert the transaction from being subjected to 12% VAT to the zero rating.
