NextGen Day

To facilitate conducting business in the nation, the Bureau of Internal Revenue (BIR) has further lowered the requirements for submitting and processing Value Added Tax (VAT) refund applications.

The National Internal Revenue Code of 1997’s Section 112 governs the filing and processing of VAT refund claims. According to a statement released by the BIR on Friday, Commissioner Romeo D. Lumagui Jr. issued Revenue Memorandum Circular (RMC) No. 71-2023 and Revenue Memorandum Order (RMO) No. 23-2023, both of which are effective July 1, 2023, to simplify the documentary requirements and procedures.

According to the BIR, significant differences between these new revenue issuances and RMO No. 47-2020 include the elimination of the requirement to submit soft copies of scanned sales invoices or official receipts in support of both purchases and sales of goods or services, as well as a significant reduction in the number of documentary requirements from 30 to a minimum of 9 and a maximum of 17.

According to BIR, the taxpayer claimant requesting a VAT refund needs to present the original copies of the relevant documents.

Other improvements include eliminating the requirement for submitting papers that may be validated via BIR records, accessing records from other BIR Offices or using the existing information tax systems, and expediting the verification and processing of VAT refund applications.

The BIR also reduced the number of processing offices because taxpayers covered by the Large Taxpayers Service (LTS) must file their VAT refund claims at the LT VAT Audit Unit, and taxpayers covered by the Revenue Regions with VAT Audit Section must file their claims at the section above.

“Cutting the BIR requirements of VAT refund in half is a historic step towards ease of business,” stated Lumagui.

“We hope that with the release of this historical document, taxpayers will understand that the BIR is now a service-oriented organization rather than only a goal-oriented one. He said we’ll keep looking for ways to attract firms and investments to the Philippines.

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