Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. has issued new guidelines amending certain provisions of existing revenue issuances pertaining to value-added tax (VAT) zero-rated transaction.
The new regulations state that local purchases of goods and local services, including janitorial, security, financial, consultancy, marketing and promotion, and services rendered for administrative operations such as Human Resources (HR), legal, and accounting, shall not be considered as “directly and exclusively used” in the registered project or activity of a registered export enterprise.
Source: mb.com.ph
Latest Posts in "Philippines"
- Philippines BIR New Invoice Requirement on Withholding Tax Line Items
- Philippines Introduces Mandatory Accreditation for E-Invoicing Service Providers
- Philippines BIR Issues New Accreditation Rules for E-Invoicing Service Providers
- BIR issues RMC 110-2026: accreditation rules for e-invoicing service providers
- Philippines BIR Opens Accreditation Applications for Electronic Invoicing Service Providers
