The fiscal incentives rationalization of the Corporate Recovery and Tax Incentives for Enterprises (Create) Act has effectively removed the cross-border doctrine for export-oriented registered business enterprises (RBEs). While value added tax (VAT) zero-rating rules on export sales still remain, VAT-zero rating on local purchases are only applicable on purchases that are directly and exclusively used in the RBEs’ registered project or activity.
Source: Sunstar.com
