BIR simplifies VAT refundsBIR commissioner Romeo Lumagui recently issued a revenue memorandum circular and revenue memorandum order that would streamline the documentary requirements and procedures in the filing and processing of VAT refund claims. MANILA, Philippines — The Bureau of Internal Revenue (BIR) has reduced the requirements that taxpayers need to comply with in order to get their value added tax (VAT) refund. BIR commissioner Romeo Lumagui recently issued a revenue memorandum circular and revenue memorandum order that would streamline the documentary requirements and procedures in the filing and processing of VAT refund claims. Instead, taxpayer claimants availing of the VAT refund are only required to submit the original copies of the said documents. It also committed to simplify verification and procedures in processing VAT refund claims.

Source: Philippine Star June 25, 2023 09:11 UTC