7/29/2019 TAX 109-codal

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TAX-VAT-109 Remember Me BINA

The following transactions shall be EXEMPT fromthe Value Added Tax:

 A.  Sale or Importation   AGRICULTURAL or MARINE food products

in their original state  LIVESTOCK and POULTRY of a kind

generally used as or yielding or producing  FOODS FOR HUMAN CONSUMPTION  BREEDING STOCK and GENETIC materials

*Products considered in ORIGINAL STATEeven if they had undergone: simple processesof preparation or preservation for the market-freezing, drying, salting, broiling, roasting,smoking or stripping*Polished and/or husked RICE, CORN grits,raw cane SUGAR and MOLASSES, ordinary SALT and COPRA = original state

B.  Sale or Importation  FERTILIZERS, SEEDS, SEEDINGS and  FINGERLINGS.  FISH, PRAWN, LIVESTOCK, POULTRY 

FEEDS including ingredients*locally produced or imported*used in MANUFACTURE OF FINISHEDFEEDS

XPN: SPECIALTY FEEDS

  Race HORSES

  Fighting COCKS

   Aquarium FISH  ZOO Animals

  Other animals considered PETS

C.  ImportationPERSONAL and HOUSEHOLD EFFECTS1.  Belonging to Residents of the Philippines

returning from abroad2.  Non-Resident citizens

Coming to RESETTLE in PhilippinesPROVIDED: goods EXEMPT from:Custom Duties under TCC

D. Importation  PROFESSIONAL INSTRUMENTS AND

IMPLEMENTS   WEARING APPAREL  DOMESTIC ANIMALS  PERSONAL HOUSEHOLD EFFECTS

EXCEPT:

   Vehicle, Vessel, Aircraft

  Machinery 

  Other goods for use in Manufactureand Merchandize of any CommercialQuantity 

BELONGING TO PERSONS COMING TOSETTLE IN THE PHILIPPINES

  For OWN USE

 NOT for SALE,BARTER EXCHANGE Accompanying such persons or arriving

 WITHIN 90 days Before or after arrival

  Production of EVIDENCE Satisfactoryto Commissioner1. persons actually coming to SETTLEin the Philippines2. Change of residence is BONA FIDE

E. Services  PERCENTAGE TAX

Under Title V 

F. Services   AGRICULTURAL CONTRACT GROWERS   AND MILLING FOR OTHERS

  PALAY into rice

  CORN into grits

  SUGAR CANE into raw sugar

G. Services  MEDICAL, DENTAL, HOSPITAL AND

 VETERINARY XPN: rendered by PROFESSIONALS

H. Services  EDUCATIONAL

  By PRIVATE EDUCATIONALINSTITUTIONS

  Duly ACCREDITED by 

  DEPED, CHED, TESDA 

  Other Government EducationalInstitution

I. Services  INDIVIDUALS 

EMPLOYER-EMPLOYEE relationship

J. Services  REGIONAL OR AREA HEADQUARTERS

Established in the Philippines  By MULTINATIONAL CORPORATIONS

   Act as Supervisory, Communications anCoordinating Centers

  For Affiliates, Subsidiaries, Branches

  In Asia-Pacific Regio

  DO NOT EARN OR DERIVE INCOMEFROM THE PHILIPPINES

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TAX-VAT-109 Remember Me BINA

K. Transactions EXEMPT  International Agreements  Philippines is a SIGNATORY   SPECIAL LAWSXPN: P.D. 529

L. Sales By    AGRICULTURAL COOPERATIVES  DULY REGISTERED with

  COOPERATIVE DEVELOPMENT AUTHORITY 

  SALE OF PRODUCE-Original or processed1. to their MEMBERS2. NON-MEMBERS

  IMPORTATION of:o  Direct farm inputso  Machineries and equipmento  Spare parts

Used DIRECTLY and EXCLUSIVELY inProduction and/or processing of produce

M. Gross Receipts  LENDING ACTIVITIES  BY CREDIT OR MULTI-PURPOSE COOP

  Duly registered with CooperativeDevelopment Authority 

N. Sales  NON-AGRICULTURAL  NON-ELECTRIC

  NON-CREDIT Cooperatives