BIR Update: Revenue Memorandum Circular (RMC) No. 81-2021 publishes the letter from the Food and Drug Administration of the Department of Health containing the “List of VAT-Exempt Products” pursuant to Republic Act (RA) No. 11534 otherwise known as Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act.
Sources:
RMC Full Text https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2021%20RMCs/RMC%20No.%2081-2021.pdf
FDA Endorsement Letter https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2021%20RMCs/RMC%20No.%2081-2021%20FDA%20Endorsement%20Letter.pdf
List of VAT-Exempt Products https://www.bir.gov.ph/images/bir_files/internal_communications_2/RMCs/2021%20RMCs/RMC%20No.%2081-2021%20List%20of%20VAT-Exempt%20Products.pdf