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Author Topic: Are sales of a PEZA Registered company subject to output VAT  (Read 1032 times)

akireznarf

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Are sales of a PEZA Registered company subject to output VAT
« on: March 11, 2012, 07:48:01 pm »
I just would like to ask if the sales of a PEZA registered company are subject to VAT. Also, can they recognize input taxes on purchases? What is the point of recognition? Is it upon purchase (receipt of billing/invoice) or upon payment?

Thanks.
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makotosing

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Re: Are sales of a PEZA Registered company subject to output VAT
« Reply #1 on: May 03, 2012, 10:53:28 pm »
not subject to vat
they can claim
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amanda.p

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Re: Are sales of a PEZA Registered company subject to output VAT
« Reply #2 on: May 24, 2012, 03:46:05 pm »
According to a source I found online, www.punongbayan-araullo.com, "Under RMC 74-99, all purchases by PEZA-registered firms from local suppliers located outside the economic zones are subject to an automatic 0% VAT." You may want to see the page at http://www.punongbayan-araullo.com/pnawebsite/pnahome.nsf/section_docs/IO520D_25-11-05
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