The buyer must then prepare BIR Form 2307 and issue to the RBE-seller either on the aggregated quarterly VAT on local sales payments or upon the latter’s demand. In filing the quarterly VAT ...

Collections from BIR operations are composed of income taxes, VAT, excise taxes ... businesses—those allowed to use a new, simplified form under the Ease of Paying Taxes (EOPT) Act—may ...

Meanwhile, medicines for hypertension, such as amlodipine (as besilate) with a dosage strength of 20mg in tablet form ... VAT-Exempt Health Products,” which is then transmitted to the BIR.

MANILA, Philippines — The Bureau of Internal Revenue (BIR) has issued the updated list of value-added tax (VAT)-exempt medicines for various diseases such as diabetes and hypertension.