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The Philippines VAT exemption covers imported fruits and vegetables

Pubtime:2021-12-07Author:Source: Hits:

According to a report by the Philippine Business Mirror on November 22, the Philippine Internal Revenue Service (BIR) issued the latest memorandum notice, clarifying the list of perishable foods exempted from 12% import value-added tax , expanding the scope of tax exemption, and requiring All unprocessed imported fruits and vegetables are exempt from 12% VAT