Philippines: Exempted VAT and excise tax on certain essential goods to mitigate the COVID-19 pandemic

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Description

On 15 October 2020, the Philippines issued the Bureau of Internal Revenue (BIR) Regulation No.28/2020, exempting the VAT on the importation of inputs, raw materials, and equipment necessary for the ma...

Intervention Details

Intervention Type

Internal taxation of imports

MAST Chapter

F: Price-control measures, including additional taxes and charges

Implementation date

25 Jun 2020

Revocation date

19 Dec 2020

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

sector-specific

Affected Trading Partners

Graph

Table

Affected Sectors

Affected Products

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Liberalising Trade Policy Measures

This Thread tracks liberalising trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

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