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Philippine Exporters Confederation, Inc. (Facebook photo) MANILA - The new Revenue Regulation (RR) that will allow exporters to continue to avail of zero value-added tax (VAT) rating on their local purchases of goods and services will be issued soon, according to a Bureau of Internal Revenue (BIR) official. Larry Barcelo, Officer-in-Charge and Assistant Commissioner for BIR Legal Service, informed the House Committee on Ways and Means in an online public hearing on December 6 that the amendatory RR has been signed and will be published soon in a newspaper of general circulation. "There is yet no number on that RR and [we will still] publish it, but it was signed by both the Commissioner [of the BIR] and the Secretary [of Finance]. It implements the VAT zero-rating of local purchases of goods and services under Sections 294 E and 295 D of Title XIII of the CREATE Act as well as Section 5, Rule 2 and Section 5, Rule 18 of the CREATE IRR. So next week siguro (maybe) this will be publ

Ramon lopezSamer houraniLarry barceloLegal serviceNetworking committee on legislative advocacyBureau of customsDevelopment councilBureau of internal revenueHouse committee on waysNational capital regionRevenue regulationInternal revenueAssistant commissionerHouse committeeExport development councilNetworking committee