- The BIR now allows qualified export-oriented enterprises to claim VAT refunds on eligible local purchases and imports made while waiting for DTI-Export Marketing Bureau zero-rating certification.
- The refund rule applies to VAT incurred on purchases/importations attributable to qualified zero-rated sales starting Nov. 28, 2024, before the enterprise received its certification, provided the certification was issued within the transition period ending Dec. 31, 2025.
- The clarification was issued through Revenue Memorandum Circular 96-2026, which amends earlier VAT refund guidance under RMC 37-2025.
- Refund claims remain subject to Section 112 of the Tax Code, including substantiation requirements and proof that input VAT is directly attributable to qualified zero-rated sales.
Source: philstar.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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