BIR clarified issues of exporters on VAT Relief
Export Development Council
September 20, 2016
The Department of Finance (DOF) and Bureau of Customs (BOC) have prioritized fourteen provisions under the Customs Modernization and Tariff Act (CMTA) or R.A. 10863 which will be subjected to weekly public consultations. The CMTA was enacted into law last 30 May 2016. Draft Customs Administrative Order (CAO) which will serve as the Implementing Rules and Regulations (IRR) of CMTA will be posted every Thursday at the DOF website.
Final CAO for every priority provision will be published after 21 days of public hearing for administrative order (AO) without substantive changes and 30 days after public hearing for AO with substantive changes. For more details, CMTA-IRR Secretariat can be reached at 526-8849.□