Clarifying the Effectivity Date of Revenue Memorandum Order (RMO) No. 47-2020 Which Imposed New Documentary Requirements for the Processing of VAT Refund Claims Pursuant to Section 112 of the Tax Code
The Commissioner of Internal Revenue has issued RMC No. 14-2021 to clarify that RMO No. 47-2020 became effective only on 19 January 2021.
Based on the RMC, those affected by the said RMO shall observe the following:
- VAT refund claims filed prior to 19 January 2021 shall be filed and processed following the guidelines set forth in RMC No. 47-2019 and RMO No. 25-2019; and
- VAT refund claims filed on or after 19 January 2021 shall be filed and processed in accordance with the guidelines and procedures indicated in RMO No. 47-2020.
You may access the full version of the Circular through the BIR website.