VAT IMPOSITION ON EXPORT SALES UNDER EXECUTIVE ORDER NO. 226, OTHERWISE KNOWN AS THE OMNIBUS INVESTMENTS CODE OF 1987, AND OTHER SPECIAL LAW AND OTHERS TRANSACTIONS IS SUSPENDED. (Revenue Regulations No. 15-2021, July 21, 2021)
Sec extends the deadlines for posting of additional securities deposit and substitution of securities deposit to align the same with the deadline of the audited financial statements
Php 12 million refunds of customs duties granted; Petroleum Fuel purchased and delivered to an ecozone for the production of glass products is exempt from customs duties and taxes.
