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RMC No. 14-2021: Clarifies the effectivity date of Revenue Memorandum Order No. 47-2020 which imposed new documentary requirements for the processing of VAT Refund Claims pursuant to Section 112 of the Tax Code of 1997, as amended

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Summary

RMC No. 14-2021 clarifies the effectivity date of RMO No. 47-2020, which set new documentary requirements for processing VAT refund claims under Section 112 of the Tax Code of 1997, as amended.

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Key points

  1. Effectivity date. RMO No. 47-2020 takes effect on January 19, 2021, the 15th day from its filing in the UP Law Center.
  2. Claims filed before January 19, 2021. These are filed and processed under Revenue Memorandum Circular No. 47-2019 and RMO No. 25-2019.
  3. Claims filed on or after January 19, 2021. These follow the guidelines and procedures in RMO No. 47-2020.

Who is affected

  • Taxpayers filing VAT refund claims
  • Revenue officials processing VAT refund claims

Deadlines and effectivity

  • RMO No. 47-2020 effective January 19, 2021

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances (3)

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CitesRMC No. 47-2019RMO No. 25-2019RMO No. 47-2020

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.