The Bureau of Internal Revenue (BIR) issued two guidance documents—Revenue Memorandum Circular (RMC) No. 71-2023 and Revenue Memorandum Order (RMO) No. 23-2023—that introduced significant changes in the document requirements and procedures for value added tax (VAT) refund claim applications.
The refined VAT refund guidelines apply to claims filed starting 1 July 2023.
Source: KPMG
