PEZA-registered companies

Zero-Rating VAT Incentive to PEZA-Registered Companies 2

Zero-Rating VAT Incentive to PEZA-Registered Companies Not Repealed by TRAIN Law

President Rodrigo Duterte vetoed five provisions from the Tax Reform for Acceleration and Inclusion (TRAIN) Act before he signed it into law as Republic Act No. 10963 in December 2017. Among the provisions he vetoed is the zero-rating on the sales of goods and services to separate customs territories and tourism enterprise zones – which created uncertainties on the fate of the 0% value-added tax (VAT) incentive currently being enjoyed by companies registered under the separate customs territories of the Philippine Economic Zone Authority (PEZA).