- The Philippine Bureau of Internal Revenue issued a circular on 11 July 2025.
- The circular amends the format of VAT zero-rating certificates.
- The changes are in line with the CREATE MORE Act.
- Two revised templates for the certificates have been introduced.
- Template 1 is for registered export enterprises and high-value domestic market enterprises.
- Template 2 is for RBEs with incentives granted before 11 April 2021.
- All certificates issued after 11 July 2025 must follow these new formats.
Source: taxathand.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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