BIR allows exporters in transition VAT refunds
The BIR clarified that qualified export-oriented enterprises may claim VAT refunds for eligible purchases and importations incurred while awaiting zero-rating…
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1,665 results for “BIR VAT refund”
The BIR clarified that qualified export-oriented enterprises may claim VAT refunds for eligible purchases and importations incurred while awaiting zero-rating…
The Supreme Court has clarified the rules on when the processing period begins for VAT refund claims, outlining updated timelines under Section 112(A) of the…
The BIR released P23.67 billion in tax refunds from January to September 2026, up 90.6 percent from the same period last year.
‘For consumers, the practical effect is straightforward: Once the new rules become effective, VAT will no longer be imposed on the allowable system loss…
The BIR has removed VAT on the allowable system loss charge within the ERC-approved cap, a move expected to lower covered electricity charges for consumers.
Qualified export-oriented enterprises may claim refunds for VAT incurred while awaiting zero-rating certification, provided they met the 70-percent export…
The BIR clarified VAT refund eligibility for export-oriented enterprises during the transition to the new zero-rating certification system.
The BIR clarified that qualified export-oriented enterprises may claim VAT refunds on eligible purchases and imports made while awaiting zero-rating…
Electricity consumers could see lower power bills as the BIR moves to remove VAT from allowable system loss charges classified as government-mandated…
The Bureau of Internal Revenue (BIR) is preparing to remove the value-added tax (VAT) imposed on allowable system loss charges in electricity bills, a move…
The Bureau of Internal Revenue has expanded the list of VAT-free medicines to 2,277, adding drugs for cancer, diabetes, tuberculosis, hypertension, high…
The Supreme Court has clarified when the 120-day and 90-day processing periods begin for VAT refund claims under Section 112(A) of the NIRC, detailing rules…
The Department of Finance issues new VAT-exemption rules on indigenous natural gas and power generation under RA 12120, supporting the growth of the Philippine…
San Fernando scraps the 12 percent VAT on water bills starting March, with refunds for VAT collected from 17 November 2025 to February 2026.
In a recent ruling penned by Associate Justice Ramon Paul L. Hernando, the high court clarified that the two-year period to claim a refund for erroneously paid…
‘This law is more than an economic incentive; it is an invitation for the world to experience the creativity, craftsmanship, and hospitality that make our…
Discover how President Ferdinand Marcos Jr.'s new VAT refund mechanism for non-resident tourists is set to boost the Philippines' economy. Tourism Secretary…
President Ferdinand Marcos Jr. signs a new law granting VAT refunds to foreign tourists, aiming to boost the Philippines' global market presence and stimulate…