On-the-Ground Updates

The Philippines proves exemption on value-added tax (VAT) to registered exporters

Other Fresh Coconut
Value Added Coconut
Philippines
Regulation & Compliances
Rovel Torres
Published Jan 26, 2022
The Philippines is providing an exemption on value-added tax (VAT) to registered exporters. Exporters engaging in manufacturing, assembling, or processing activities that lead to the direct exportation of manufactured or processed products may enjoy this benefit for a maximum 17 years. Coconut processors welcome this move to help further increase their price competitiveness.

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