Tax Alert No. 49 [Revenue Memorandum Circular (RMC) No. 101-2021 dated 17 September 2021]

Extension of the Deadline for the Filing of Applications and Suspension of the Ninety (90) Day Processing of Value Added Tax (VAT) Refund Claims Pursuant to Sec. 112 of the Tax Code of 1997, as amended by Republic Act (RA) No. 10963 (TRAIN Law) with the VAT Credit Audit Division (VCAD) 

The Bureau of Internal Revenue has issued RMC No. 101-2021 to inform all concerned about the temporary closure of VCAD until 3 October 2021 in compliance with the existing health protocols for the mitigation of the COVID-19 pandemic.

Following this circular, the filing of the VAT refund, where the end of the two (2) year period within which to file the claim originally falls on 30 September 2021, shall be extended until 15 October 2021.

Furthermore, the 90-day period processing of all pending VAT refund claims shall be suspended during the temporary closure of the VCAD pursuant to Sec. 5(3) of Revenue Regulations No. 27-2020.

You may access the full version of the Circular through the BIR website.