List of Vat-Exempt Products
How to Handle BIR Audit
June 9, 2021
BIR is now accepting Philippine Identification (PhilID) Card as valid Proof of Identification for all transactions with the Bureau
July 17, 2021
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
