Revenue Memorandum Circular No. 80-2023


This Circular is issued to provide clarification on the provisions of RR No. 3-2023 and certain issues and concerns pertaining to transactions with other entities granted VAT zero-rate incentives on local purchases under special laws and international agreements.  RR No. 3-2023 was published in a newspaper of general circulation on April 28, 2023, thus, it took effect on the said date. Upon the effectivity of RR No. 3-2023, the local supplier of goods and/or services of REEs shall no longer be required to secure prior approval for VAT zero-rate with the BIR.  To qualify for VAT zero-rating, the local purchase of [...]