BOC sets code for ‘local sales’ with VAT to be collected by BIR

BOC assigns code for VAT application on local sales to domestic enterprises

The Bureau of Customs has assigned a procedural code in its system…
Major Philippine export sectors prod leaders on VAT exemption

Major Philippine export sectors prod leaders on VAT exemption

Philippine chips and electronics, IT and business process management, and garments and…

BIR defers 12% VAT on exporters’ local purchases

The Department of Finance is reviewing Bureau of Internal Revenue Revenue Regulations…

Exporters seek urgent resolution to burdensome new VAT regulation

Processes and requirements under Revenue Regulations No. 9-2021 should not unduly burden…