TITLE IV — VALUE-ADDED TAX
(c) The right or the privilege to use in the Philippines of any
industrial, commercial or scientific equipment;
(d) The right or the privilege to use motion picture films, films,
tapes and discs; and
(e) Radio, television, satellite transmission and cable television
time.
The term ‘gross selling price’ means the total amount of money or
its equivalent which the purchaser pays or is obligated to pay to the
seller in consideration of the sale, barter or exchange of the goods or
properties, excluding the value-added tax. The excise tax, if any, on
such goods or properties shall form part of the gross selling price.
(2) The following sales by VAT-registered persons shall be subject to zero
percent (0%) rate:55
(a) Export Sales.56 — The term ‘export sales’ means:
(1) The sale and actual shipment of goods from the Philippines
to a foreign country, irrespective of any shipping
arrangement that may be agreed upon which may influence
or determine the transfer of ownership of the goods so
exported and paid for in acceptable foreign currency or
its equivalent in goods or services, and accounted for in
accordance with the rules and regulations of the Bangko
Sentral ng Pilipinas (BSP);
[
[(2) Sale
and delivery of goods to:
(i)
Registered enterprises within a separate customs
territory as provided under special laws; and
(ii) Registered enterprises within tourism enterprise
zones as declared by the Tourism Infrastructure
and Enterprise Zone Authority (TIEZA) subject to
the provisions under Republic Act No. 9593 or The
Tourism Act of 2009. - VETOED by the President]
(3) Sale of raw materials or packaging materials to a
nonresident buyer for delivery to a resident local
export-oriented enterprise to be used in manufacturing,
processing, packing or repacking in the Philippines of
55
As amended by Section 31 of the TRAIN Law. Subsection (b) (Foreign Currency Denominated
Sale) was removed.
56
As amended by Section 31 of the TRAIN Law. Sale of gold to the Bangko Sentral ng Pilipinas
was removed and reclassified as exempt from value-added tax under Section 109 of this Code.
See Note 77.
National Internal Revenue Code of 1997 (as amended by the TRAIN Law, RAs 11256, 11346 and 11467)
117
اختر الفقرة المستهدفة3
الاتصال بفقرة
Connect to an entity
Disable highlights
أضف إلى جدول المحتويات