Revenue Regulations 09-2021 (RR 09-21) created confusion among the concerned regulators and businesses when it declared that the conditions provided in the Tax Reform for Acceleration and Inclusion Law for the imposition of 12 percent value-added tax on certain transactions previously entitled to VAT zero-rating had been fully satisfied. Among these transactions are the sales considered export sales under Executive Order 226. Apparently, transactions considered export sales under EO 226 include sales to export processing zones.
Source: businessmirror.com.ph
