Bureau of Internal Revenue (BIR) Commissioner Romeo D. Lumagui, Jr. has issued new guidelines amending certain provisions of existing revenue issuances pertaining to value-added tax (VAT) zero-rated transaction.
The new regulations state that local purchases of goods and local services, including janitorial, security, financial, consultancy, marketing and promotion, and services rendered for administrative operations such as Human Resources (HR), legal, and accounting, shall not be considered as “directly and exclusively used” in the registered project or activity of a registered export enterprise.
Source: mb.com.ph
