No VAT left behind: VAT refund transition relief for export-oriented enterprises

No VAT left behind: VAT refund transition relief for export-oriented enterprises

Tax incentives may be clear in principle, but putting them into practice can raise unexpected but practical questions. This became evident after Republic Act No. 12066, or the CREATE MORE Act, took effect. Among its provisions are VAT zero-rating on qualified local purchases and VAT exemption on qualified importations of export-oriented enterprises (EOEs), subject to […]

Source: BusinessWorld
https://bworldonline.com/economy/2026/09/14/777157/no-vat-left-behind-vat-refund-transition-relief-for-export-oriented-enterprises/