OrbitaxBIR Regulations Issued Suspending 12% VAT Rate for Certain Supplies to Exporters and Certain Conditions for Proprietary Educational Institution Benefits
|Approved Changes|Philippines
The Philippines Bureau of Internal Revenue (BIR) has issued Revenue Regulations No. 15-2021, which suspends the implementation of Revenue Regulations No. 9-2021 in relation to the imposition of 12% VAT on certain supplies to exporters that were previously zero-rated. As previously reported, the Department of Finance and the BIR agreed to suspend the implementation of Revenue Regulation 9-2021 …
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