The country’s major exporting industries — semiconductors and electronics, information technology and business process management (ITBPM) and garments and wearables — appealed to the government Tuesday to immediately issue the resolution on value-added tax (VAT) zero-rating for exporters’ purchases.
“A solution has been promised by the end of the month, which also coincides with the end of the first taxable quarter,” the IT and Business Process Association of the Philippines (IBPAP), Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI), and the Confederation Wearables Exporters of the Philippines (CONWEP) said in a joint statement.
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