Tax Alert No. 32 [Revenue Memorandum Circular (RMC) No. 84-2022 dated 30 June 2022]

Prescribing the Template for Sworn Declaration to be Executed by the Registered Business Enterprise (RBE) in Relation to Q and A No. 36 of RMC No. 24-2022

The Commissioner of Internal Revenue (CIR) has issued RMC No. 84-2022 prescribing the template of Sworn Declaration to be executed by duly registered RBE’s stating that the goods and/or services being purchased shall be used directly and exclusively in the registered project or activity. The said sworn declaration shall then be provided to the RBE’s supplier prior to the sale transaction to avail of the VAT zero-rate incentives. Please refer to the attached format of the Sworn Declaration.

You may access the full version of the Circular and attachment through the BIR website.