Summary
RMC No. 84-2022 prescribes the template of the Sworn Declaration a Registered Business Enterprise (RBE) executes in relation to Question and Answer No. 36 of RMC No. 24-2022.
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Key points
- What the declaration states. The Sworn Declaration states that the goods or services being purchased will be used directly and exclusively in the registered project or activity.
- Giving it to the supplier. The RBE gives the Sworn Declaration to its supplier before the sale transaction so the sale can avail of the VAT zero-rate incentives.
Who is affected
- Registered Business Enterprises and their suppliers
Deadlines and effectivity
- Provide to the supplier before the sale transaction
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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.