VAT zero-rating rules amended

May 04, 2023 12:28 am

THE Bureau of Internal Revenue (BIR) has amended provisions of existing revenue issuances pertaining to zero-rated value-added tax (VAT) transactions.

'With the issuance of this regulation, the BIR is optimistic that it will help the economy by attracting more investors who are willing to engage in business in the Philippines, adding to the list of our partners in nation-building,' BIR Commissioner Romeo Lumagui said in a statement.

Bureau of Internal Revenue

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