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VAT

Revenue Regulations No. 3-2025

2026-06-17T10:10:53+08:00

This Revenue Regulation issued on January 17, 2025 prescribes policies and guidelines for the implementation of Republic Act No. 12023 titled " An Act Amending Sections 105, 108, 109, 110, 113, 114, 115, 128, 236 and 288 and Adding New Sections 108-A and 108-B of the National Internal Revenue Code of 1997, as Amended, " imposing the Value-Added Tax (VAT) on digital services. Generally, VAT shall be levied, assessed, and collected, equivalent to twelve percent (12%) of the gross sales derived by a Digital Service Provider (DSP) from its sale or exchange of services in the Philippines pursuant to Section 108 [...]

Revenue Regulations No. 3-20252026-06-17T10:10:53+08:00

Revenue Memorandum Circular No. 65-2024

2024-06-29T17:53:29+08:00

This Circular is issued to clarify certain issues relative to the implementation of Section 19 of Republic Act No. 11976 (Ease of Paying Taxes Act), which added Section 110(D) of the National Internal Revenue Code of 1997, as amended (Tax Code), that introduced the Output Value Added Tax (VAT) Credit on uncollected receivables. The rationale of Section 110(D) is that sales are either made in cash or on account. In cash sales, the seller, who has passed-on the VAT to the buyer has no problem in the corresponding VAT due thereon to the BIR since the seller has already collected the [...]

Revenue Memorandum Circular No. 65-20242024-06-29T17:53:29+08:00

Revenue Regulations No. 15-2023

2023-12-27T17:41:05+08:00

Implements the grant of Donor's Tax exemption on the donation of imported capital equipment, raw materials, spare parts, or accessories directly and exclusively used in the registered project or activity by Registered Business Enterprises (RBEs) of any existing Investment Promotion Agencies (IPAs) under Section 295 (C)(2)(e) of the Tax Code of 1997, as amended. The donation of capital equipment, raw materials, spare parts, or accessories, which were granted tax and customs duty exemption to the Technical Education and Skills Development Authority (TESDA), State Universities, and Colleges (SUCs), or Department of Education (DepEd) and Commission on Higher Education (CHED) - accredited schools [...]

Revenue Regulations No. 15-20232023-12-27T17:41:05+08:00
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