DOF moves to review VAT on local inputs of exporters

The Department of Finance (DOF) is reviewing the Bureau of Internal Revenue’s (BIR) regulation, technically deferring the imposition of the value-added tax (VAT) on exporters’ purchases from local suppliers and indirect/constructive export transactions. Finance Secretary Carlos G. Dominguez III said Wednesday, July 21, that Revenue Regulation (RR) 9-2021 is under … Continue reading DOF moves to review VAT on local inputs of exporters