Live Breaking News & Updates on Oted That The Bir Has Not Yet Establisheda New Vat Refund System And Continues To Use Old

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 Lopez , Samer Hourani , Larry Barcelo , Legal Service , Networking Committee On Legislative Advocacy , Bureau Of Customs , Development Council , Bureau Of Internal Revenue , House Committee On Ways , National Capital Region , Revenue Regulation , Internal Revenue , Assistant Commissioner , House Committee , Export Development Council , Networking Committee , Legislative Advocacy , Trade Secretary Ramon Lopez , National Capital , Revenue District Offices , Philippine Exporters Confederation , Nc Facebook Photo Manila The New Revenue Regulation Rr That Will Allow Exporters To Continue Avail Of Zero Value Added Tax Vat Rating On Their Local Purchases Goods And Services Be Issued Soon , Ccording Toa Bureau Of Internal Revenue Bir Official Larry Barcelo , Fficer In Charge And Assistant Commissioner For Bir Legal Service , Nformed The House Committee On Ways And Means In An Online Public Hearing December 6 That Amendatory Rr Has Been Signed Will Be Published Soon Ina Newspaper Of General Circulation Quot There Is Yet No Number We Still Publish It , Ut It Was Signed By Both The Commissioner Of Bir And Secretary Finance Implements Vat Zero Rating Local Purchases Goods Services Under Sections 294e 295d Title Xiii Create Act As Well Section 5 ,