Understanding VAT Refunds and EOE Certification Under Create More: Key Reforms and Procedures

• Create More requires export-oriented enterprises to obtain certification from DTI-EMB for VAT zero-rating and exemption on imports.
• DTI began issuing EOE certifications, with eight companies certified so far.
• Create More aims to attract investors by enhancing incentives and streamlining VAT refund processes.
• BIR issued regulations to implement VAT provisions, updating guidelines and requirements for VAT refund claims.
• Key reform includes allowing certified true copies of documents for VAT refund applications, though originals must be presented for stamping.
• Documents already in BIR records need not be resubmitted, but can be attached to expedite validation.
• Taxpayers can now request reconsideration for denied VAT refund claims within 15 days, previously only appealable to the Court of Tax Appeals.
• RR 8-2025 limits reconsideration requests to questions of law, not factual issues, and considers only originally submitted documents.
• Unclear if taxpayers must file reconsideration requests for denials involving only factual questions.

Source: mtfcounsel.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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