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The Philippines Imposes New 12% VAT Rate on Exporters

Transactions covered under RR No. 9-2021 are the export sales of raw materials and packaging items to a non-resident buyer for delivery to a resident, local export-oriented enterprise. The new VAT rate will also be imposed on outsourced services, such as manufacturing, processing, or the repacking of goods to be exported.

Source: aseanbriefing.com

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