Amending Certain Provisions of RR No. 16-2005, as Amended by RR No. 13-2018, as Further Amended by RR No. 26-2018 to Implement the Imposition of 12% VAT under the Tax Code, as Amended by the TRAIN Law (RR No. 9-2021 dated June 11, 2021)
The BIR has issued RR No. 9-2021 to implement the imposition of 12% VAT on certain transactions previously taxed at zero rate under Sections 106(A)(2)(a) subparagraphs (3), (4), and (5) and 108(B) subparagraphs (1) and (5) of the Tax Code of 1997, as amended, after satisfaction on the conditions set forth in the TRAIN Law.
Below are the relevant provisions:
This RR will take effect after 15 days following its publication in the Official Gazette or in a leading newspaper of general circulation. This was published in Philippine Star on June 12, 2021.
You can access the full text here.
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