Published June 30, 2021, 7:00 AM
The Philippine Economic Zone Economic Zone Authority (PEZA) has appealed to the Department of Finance (DOF) for a status quo on the zero value added tax rating on local purchases of economic zone locators.
PEZA Director General Charito B. Plaza made this appeal to DOF Secretary Carlos G. Dominguez III following the issuance by the Bureau of Internal Revenue of Regulation (RR) No. 9-2021, imposing a 12 percent VAT from zero-VAT rating on ecozone locators’ local purchases.
PEZA Director General Charito B. Plaza
RR 0-2021 was issued June 9 only this year and was supposed to take effect on the 27th this month.