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Refined VAT refund guidelines | The Manila Times

TO streamline the documentary requirements and verification procedures for the filing and processing of value-added tax (VAT) refund claims, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) 23-2023 and Revenue Memorandum Circular (RMC) 71-2023, which introduced significant changes to the policies and procedures outlined in RMO 47-2020. The new guidelines are applicable to VAT refund claims that will be filed starting July 1, 2023. ....

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