BIR draft order retains VAT exemption for exporters’ local purchases
The Bureau of Internal Revenue has released a draft order maintaining zero-rating…
August 26, 2021
3 minute read
BIR officially suspends 12% VAT on exporters’ local purchases
The Bureau of Internal Revenue officially deferred implementation of Revenue Regulations No.…
July 28, 2021
4 minute read
Business groups call for 12% VAT ruling repeal
More business groups are calling for immediate repeal of a new regulation…
July 15, 2021
5 minute read
Fuel marking nets P74.7B in taxes in 1H
A total of 8.35 billion liters of fuel were marked and P74.72…
July 7, 2021
2 minute read
PEZA seeks deferment of 12% VAT on locators’ local purchases
The Philippine Economic Zone Authority wants to keep the zero VAT on…
July 2, 2021
4 minute read
Exporters seek urgent resolution to burdensome new VAT regulation
Processes and requirements under Revenue Regulations No. 9-2021 should not unduly burden…
June 25, 2021
4 minute read
BIR imposes 12% VAT on indirect exports, certain transactions with 0% VAT
Indirect exports and sale of services previously taxed at zero rate now…
June 15, 2021
3 minute read
DOE, BOC, BIR join forces in war against oil smugglers
The Department of Energy, Bureau of Customs (BOC), and Bureau of Internal…
May 28, 2021
2 minute read
Truck with unmarked fuel seized for violation of fuel marking program
A tanker truck carrying around 30,000 liters of unmarked fuel was apprehended…
May 24, 2021
2 minute read
BIR issues rules on tax-free COVID-19 vaccine imports
BIR Revenue Regulations (RR) No. 1-2021 implements guidelines on tax incentives and…
April 13, 2021
3 minute read
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