Tax Alert No. 43 [Revenue Regulation (RR) No. 15-2021 dated 21 July 2021]

29 Jul 2021

Deferring the Implementation of RR No. 9-2021

The Secretary of Finance has issued RR No. 15-2021 deferring the implementation of RR No. 9-2021 dated 9 June 2021 imposing value-added tax (VAT) on certain transactions that were previously considered VAT zero-rated. The same is deferred until the issuance of amendatory revenue regulations.

The Regulations shall take effect immediately.

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