The clarification includes: 1) transactions that have become subject to VAT; 2) that registered export enterprises (REEs) whose incentives period has already expired, are subject to 12 percent VAT; 3) that zero-rated VAT, however, applies for these REEs from the Dec. 10, 2021, effective date of RR No. 21-2021, to the March 8, 2022, effective date of RMC No. 24-2022;…
Source: bloombergtax.com
