The Philippines Bureau of Internal Revenue (BIR) has issued Revenue Regulations (RR) No. 9-2021, which amends certain provisions of RR No. 16-2005, to implement the imposition of 12% VAT on transactions covered under certain sections and other changes. RR No. 9-2021 was published in a newspaper of general circulation on 12 June and is effective 27 June 2021 (15 days after publication). The specific changes are covered in the related BIR Digest as follows:
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REVENUE REGULATIONS NO. 9-202…