Special InTAX: June 2021 Issue 1 | Volume 3

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

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special intax

 

Bureau of Internal Revenue

 

The Bureau of Internal Revenue issued a Tax Advisory in relation to Revenue Regulations (RR) No. 09-2021 to inform the public that the filing of application for VAT zero rating on the sale of goods and services by suppliers of Registered Business Enterprises (RBEs) which were granted incentives by Investment Promotion Agencies (IPAs) and as included in the Republic Act No. 11534 (CREATE Law), shall no longer be accepted and processed by the concerned offices under the Large Taxpayers Service and Assessment Service (Audit Information, Tax Exemption and Incentives Division) starting 28 June 2021.

Applications filed prior to the effectivity of RR No. 09-2021 shall be processed and shall be effective only until 27 June 2021. For applications that have already been approved, the effectivity shall only be until 27 June 2021 or the effective date stated in the approved applications, whichever is earlier.

 

Attached is the full text of the issuance.

Revenue Regulations No. 9 - 2021 TransactionsSUbjecttoVATunderTRAINLaw_TaxAdvisory

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