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Philippines Suspending 12% VAT Rate for Certain Supplies to Exporters

The Philippine News Agency has issued a release announcing that the Department of Finance (DOF) and Bureau of Internal Revenue (BIR) have agreed to suspend the implementation of Revenue Regulation (RR) 9-2021 in relation to imposing 12% VAT on certain supplies to exporters that were previously zero-rated.

Source: orbitax.com

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