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    What Is Zero (0%) Rated Transactions? A. Sale of Goods

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    Kathrine Cruz
    Zero-rated transactions are sales of goods or services that are exempt from value-added tax (VAT) under Philippine law. For sales of goods, this includes foreign currency denominated exports, sales to VAT-exempt entities, and sales of renewable energy. For sales of services, this includes processing of goods for export, services for entities covered by international agreements or special laws, and services like shipping or manufacturing for predominantly exporting enterprises.

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    What Is Zero (0%) Rated Transactions? A. Sale of Goods

    Uploaded by

    Kathrine Cruz
    16 views1 page
    Zero-rated transactions are sales of goods or services that are exempt from value-added tax (VAT) under Philippine law. For sales of goods, this includes foreign currency denominated exports, sales to VAT-exempt entities, and sales of renewable energy. For sales of services, this includes processing of goods for export, services for entities covered by international agreements or special laws, and services like shipping or manufacturing for predominantly exporting enterprises.

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    Zero-rated transactions are sales of goods or services that are exempt from value-added tax (VAT) under Philippine law. For sales of goods, this includes foreign currency denominated exports, sales to VAT-exempt entities, and sales of renewable energy. For sales of services, this includes processing of goods for export, services for entities covered by international agreements or special laws, and services like shipping or manufacturing for predominantly exporting enterprises.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    16 views1 page

    What Is Zero (0%) Rated Transactions? A. Sale of Goods

    Uploaded by

    Kathrine Cruz
    Zero-rated transactions are sales of goods or services that are exempt from value-added tax (VAT) under Philippine law. For sales of goods, this includes foreign currency denominated exports, sales to VAT-exempt entities, and sales of renewable energy. For sales of services, this includes processing of goods for export, services for entities covered by international agreements or special laws, and services like shipping or manufacturing for predominantly exporting enterprises.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 1

    WHAT IS ZERO (0%) RATED TRANSACTIONS?

    A. SALE OF GOODS
    Foreign Currency Denominated Sale;
    Export Sale;
    Sale of person entities which is VAT exempt under special laws or international agreements to which
    the Philippines is a signatory;
    Sale of power or fuel generated through renewable sources of energy.

    B. SALE OS SERVICES
    Processing, manufacturing or repacking of goods for other persons doing business outside the
    Philippines, which goods are subsequently exported, where the service are paid for in acceptable
    foreign currency and accounted for in accordance with the rules and regulations of the BSP;
    Service rendered to person covered by special laws;
    Services rendered to persons engaged in international shipping or air transport operations;
    Service performed by subcontractors or contractors in processing, converting or manufacturing goods
    for an enterprise whose export sales exceed 70% of the total annual production;
    Transport of passengers and cargo by domestic air or sea carriers from the Philippines to a foreign
    country.

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