Application for PEZA VAT zero rating by email – Roque Law.
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Application for vat zero rating bir.On filing prior applications for VAT zero-rating of sales |
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What does endorsement from IPAs mean? What rules apply when availing of VAT incentives? The RMC stressed that only the portion of expense directly and exclusively used in the registered project or activity qualifies as a registered export enterprise for VAT zero-rating. Hence, those used for administrative purposes do not qualify such enterprise for zero-rating. Taxpayers are now advised to adopt an allocation method e. The RMC explicitly states that services for administrative expenses, such as legal, accounting, and other similar services, are not considered directly and exclusively used in the registered project or activity.
If the buyer is a registered export enterprise, then the rules on zero-rating apply. For registered export enterprises having multiple incentives regimes i.
The Certi fi cation speci fi es: a the registered export activity, b the tax incentives and validity period, and c the applicable goods and services, e. Since the application may take a while, processing this ahead of time is necessary as the absence of prior approval from the BIR may result in the disallowance of the VAT zero-rated sale of the supplier.
Certainly, unanswered questions often result in confusion and disparities, especially at times when there are no clear-cut rules.
For businesses, a prolonged period of uncertainty may paralyze decision-making and deprive them of better opportunities. With the guidance provided by RMC No. Needless to say, better compliance from taxpayers is now also anticipated. This article is not intended to be a substitute for competent professional advice. Iris Mae P. Sign in. Forgot your password? Get help.
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