Philippine BIR Grants VAT Refunds to Austrian Embassy, Limits POS Exemption to Vehicle Purchases

• The Philippine Bureau of Internal Revenue issued a ruling on VAT exemption for the Austrian Embassy.
• The embassy and its diplomatic personnel are entitled to VAT exemption through refunds, not at the point-of-sale.
• Refunds are based on actual purchases with invoices and capped at 2,900 euros annually.
• Point-of-sale VAT exemption applies to local motor vehicle purchases.

Source: news.bloombergtax.com

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