RR No. 15-2021 — Defers the implementation of RR No. 9-2021 relative to the imposition of 12% VAT on transactions covered by Section 106(A)(2)(a), Subparagraphs (3),(4) and (5), and Section 108(B), Subparagraphs (1) and (5), both of the National Internal Revenue Code of 1997, as amended (Published in Malaya Business Insight on July 29, 2021)

REPUBLIC OF THEPHILIPPINES

DEPARTMENT OF FINANCF BUREAU OF INTERNAL REVENUE

s-

21 Jufy 2021

REVENUE REGULATIONS NO. 15-2021

SUBJECT Deferring the Implementation of Revenue Regulations (RR) No. 9-2021, which Amended RR No. 16-2005, as amended, to Implement the imposition of Twelve Percent (12%) Value-Added Tax (VAT) on Transactions Covered by Section 106(A)(2)(a), Subparagraphs (3),(4) and (5), and Section 108(B), Subparagraphs (1) and (5), both of the National internal Revenue Code (NIRC) of 1997, as amended

TO All internal Revenue Officials, Employees and Others Concerned

implementation of Revenue Regulations (RR) No. 9-2021 dated June 9, 2021 is hereby deferred until the issuance of an amendatory revenue regulations. In view of the continuing COVID 19-pandemic and its impact to the export industry. the

This Reguiations shall take effect immediately.

CARLOS G. DOMINGUEZ

Secretary of Finance

JUL 2 7 2321

Recommending Approvat: Commissioner of internal Revenue CAESAR R. DULAY aaAit 044205 BUREAU QF INTERNAL REVENUE Kti. NnNi ...LS MGT. DIVISION JUL 28 2021 2:45P.M JAU Ma

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