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Browse all Publications. Makati Head Office. Privacy Policy Terms of Use. SGV uses cookies to ensure you get the best browsing experience By continuing, you agree to our privacy policy and accept our use of such cookies. Know more I agree. Share Share close. Save this article to my library. Article Posted date 23 May The registered export activity, i.
Your Name required. Your Email required. Your Message. Check our Youtube Channel. Search our website:. Contact Us Tax and Accounting Center,. Rufino St. Ayala Avenue, Brgy. Newsletter Sign Up Get the latest updates and news direct to your mailbox! All Rights Reserved. REEs should be clarified on the impact of non-compliance with these requirements. While a transaction would, in substance, qualify as zero-rated local purchases attributable directly to the registered activity of an REE, would it be possible that, due to non-compliance with these requirements, the benefit of VAT zero-rating can no longer be enjoyed?
The frequency of the need to execute the sworn declaration, especially for recurring transactions with each concerned supplier, can be further clarified. Lastly, it would be best to clarify if a VAT zero-rate certification is required on a per project basis since validity periods must be specified in the annex to the VAT zero-rate certification.
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The cookie is used to store the user consent for the cookies in the category "Other. The cookie is used to store the user consent for the cookies in the category "Performance". It does not store any personal data. Functional Functional. Otherwise, without diligent study, a registered export enterprise may face a significant amount of input VAT that it may not be able to recover. This article is for general information only and is not a substitute for professional advice where the facts and circumstances warrant.
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