The Philippines Bureau of Internal Revenue (BIR) has published Revenue Memorandum Circular (RMC) No. 101-2021 of 17 September 2021, which extends the deadline for the filing of VAT refund requests. In particular, RMC No. 101-2021 provides that due to the temporary closure of the VAT Credit Audit Division (VCAD) until 3 October 2021 in compliance with protocols for mitigating the COVID-19 pandemic, the deadline for filing VAT refund requests is extended to 15 October 2021 where the standard two-year limit expires on 30 September 2021. RMC No. 101-2021 also provides that the 90-day processing period for VAT refund claims is suspended during the temporary closure of VCAD.
Source Orbitax
Latest Posts in "Philippines"
- Philippines Faces Potential Tariffs as Trump Targets Countries with Digital Taxes
- Philippines Announces VAT Exemption on Medicines to Lower Healthcare Costs and Improve Access
- Philippines President Approves VAT Refund Program to Boost Tourism by 2024
- Philippine Court Clarifies Input VAT Refunds for Zero-Rated Sales in Outsourcing Services Case
- Philippine Court Denies VAT Refund for Singapore Firm Due to Insufficient Documentation
