Vat Exempt Ppt

7/24/2019 Vat Exempt Ppt

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Nature

VAT exempt transactions refer to the saoo!s or properties an!"or ser#ices an!use or lease of properties that is not suto VAT &output tax' an! the seller is not

allo(e! an) tax cre!it of VAT &input taxpurchases (RR No. 6-2005, Sec.4, 109-1


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*eatures


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VAT Exempt Person

Secs+,. &A' to &V' as amen!e! $) RA ,/01 !ate!March 023,/4

Sec+&5'2 ross annual sales or receipts !o not exceP,2.,.264

An) $usiness principall) for su$sistence or li#elihoopro#i!e! that the areate ross sales or receipt!urin the ,3-month perio! shall not excee! P,2&RMO-7-.1'4

VAT exempt un!er special la(s of treat)+


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Section ,. NIRC

Sale or Importation

Sale

Importation

Ser#ices

Others


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Sale or Importation

,+ Sale or importation of ariculturalan! marine foo! pro!ucts in theiroriginl stte2 li#estoc8 an! poultr) of8in! enerall) use! as2 or )iel!in orpro!ucin foo!s for human

consumption4 $ree!in stoc8 an!enetic materials4


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Sale or Importation

3+ Sale or importation of fertili9ers4see!s2 see!lins2 an! :nerlins4 :sh2pra(n2 li#estoc82 an! poultr) fee!s2inclu!in inre!ients2 (hether locall)pro!uce! or importe!2 use! in the

manufacture of :nishe! fee!s4


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Sale or Importation

/+ Sale2 importation or lease ofpassener or caro #essels an! aircrafinclu!in enine2 e;uipment an! spareparts thereof for !omestic orinternational transport operations4


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Sale or Importation

7+ Sale2 importation2 printin orpu$lication of $oo8s an! an)ne(spaper2 maa9ine2 re#ie(2 an!$ulletin+


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Sale

,+ Sale of Real Properties4


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Sale

3+ Export sales $) persons (ho are notVAT reistere!4


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Sale

/+ Sales $) aricultural cooperati#es ofoo! an! non-foo! pro!ucts &(hether oriinal or processe! form' !ul)reistere! an! in oo! stan!in (iththe Cooperati#e


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Sale

7+ Sales $) non-aricultural2 non-electrical2 an! non-cre!it cooperati#es!ul) reistere! an! in oo! stan!in(ith the C


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Importation

,+ Importation of personal an!househol! e=ects $elonin toresi!ents of the Philippines returninfrom a$roa! an! non-resi!ent citi9encomin to resettle in the Philippines4


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Importation

/+Importation of fuel2 oo!s an!supplies $) persons enae! ininternational shippin or air transportoperations !irectl) to a forein port(ithout stoppin at an) other port in

the Philippines4


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Importation

7+ Importation of life sa#in e;uipmensafet) an! rescue e;uipment an!communication an! na#iational safete;uipment2 steel plates an! other metplates2 use! for shippin transport

operations4


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Importation

6+Importation of capital e;uipment2machiner)2 spare parts2 lifesa#in an!na#iational e;uipment2 steel plates an!other metal plates to $e use! in theconstruction2 repair2 reno#ation or

alteration of an) merchant marine #esseoperate! or to $e operate! in the!omestic tra!e+


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Ser#ices

,+ Ser#ices su$%ect to percentae taxeun!er Sections ,,>-,,0 of the Tax Co!


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Ser#ices

3+ Ser#ices $) aricultural contractro(ers an! millin for others of!lyinto rice2 corn into rits2 an! suar caninto ra( suar4


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Ser#ices

7+ Ser#ices of $an8s2 non-$an8 :nancialinterme!iaries performin ;uasi $an8infunctions2 an! other non-$an8 :nancialinterme!iaries such as mone) chaners anpa(nshops4

C"S#$ Tam$untin Pa(nshop Inc+ VsCommissioner of Internal Re#enue &@anuar3,2 3,'


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Ser#ices

6+ Ser#ices ren!ere! $) in!i#i!ualspursuant to an emplo)er-emplo)eerelationship4


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Ser#ices

>+ E!ucational ser#ices ren!ere! $)pri#ate e!ucational institutions !ul)accre!ite! $)


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Ser#ices

0+ Ser#ices ren!ere! $) Reional orarea hea!;uarters esta$lishe! in thePhilippines $) multinationalcorporations as satellite centers for thlatter an! (hich !o not earn or !eri#e

income from the Philippines+


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Others

,+ ease of resi!ential units43+ Bross receipts from len!in acti#iti

$) cre!it or multi-purpose cooperat!ul) reistere! an! in oo! stan!in(ith the C


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OthersC"S#$ Commissioner #s Seaate Technolo) &3

7+ Transport of passeners $) international carr

6+ Sale of lease of oo!s or properties or theperformance of ser#ices other than thetransactions mentione! in the prece!inpararaphs2 the ross annual sales an!"or rece

!o not excee! the amount of ,2.,.26+


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VAT on Non-stoc82 Non-pro:t E;uit) orOrani9ation


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VAT on Con!ominiumCorporation


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VAT on Professionals


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VAT Exemption on SeniCiti9ens


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Tax Cre!its


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Than8 )ou

Documents

Vat Exempt Ppt