March 8, 2021 In BIR Updates, Compliance Matters

BIR Update: Changes in the Documentary Requirements for Application for Refund of Unutilized Input VAT

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order (RMO) No. 47-2020, effective January 19, 2021, streamlining the documentary requirements for the filing and processing of unutilized input VAT arising from zero-rated or effectively…

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