RMC No. 08-2013: Publishes the full text of Joint Circular No. 6-2012 entitled “Joint Guidelines Implementing the Special Provision of the General Appropriations Act on Value-Added Tax (VAT) Refunds”

Key points

1. Claims covered. The guidelines cover claims for refund of input VAT attributable to zero-rated or effectively zero-rated transactions under Section 112 of the NIRC of 1997 (R.A. No. 8424), as amended. Only claims filed or lodged after the Joint Circular takes effect are covered.
2. Existing issuances stay in force. BIR processing of input VAT refund applications continues under RMC No. 29-2009, RMO No. 16-2007, RR No. 22-2007, RR No. 16-2005, RMO No. 50-2002, Revenue Audit Memorandum Order No. 1-99, RMO No. 53-98 and RMO No. 40-94, until amended by later issuances.
3. Pending cash conversion of TCCs. Applications for cash conversion of Tax Credit Certificates pending with the BIR before the Joint Circular takes effect are governed by Section 204 of the NIRC and other relevant issuances.
4. Option to apply for refund. Taxpayers with TCC applications from before the effectivity of Executive Order No. 68 and the Joint Circular may choose to apply for refund instead.

Who is affected

• Claimants of input VAT refund on zero-rated or effectively zero-rated transactions

Deadlines and effectivity

• Covers claims filed after the Joint Circular takes effect