The Bureau of Internal Revenue (BIR) has issued Revenue Regulations 3-2023 to inform all concerned of the amendments to the value-added tax (VAT) rules applicable to Registered Export Enterprises (REEs) pursuant to Revenue Regulations (RR)16-2005 as amended by RR 21-2021, implementing Sections 294(E) and 295(D), Title XIII of the Tax Code as amended by Republic Act 11534, also known as the Create Act and its Implementing Rules and Regulations.
Source: www.sunstar.com.ph
