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  • Tax Treatment of Sales Made by A Vat Reg. Supplier From Customs Territory

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    Shieryl Bagaan
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    This document discusses the tax treatment of sales between Philippine Economic Zone Authority (PEZA) registered enterprises and regular VAT registered suppliers. Sales made by a VAT registered supplier to a PEZA enterprise subject to the 5% special tax rate are subject only to that 5% tax, while sales to a PEZA enterprise not subject to the 5% rate are VAT exempt. Sales of goods, property, and services from a VAT exempt supplier to any PEZA enterprise are always VAT exempt. Sales made by a PEZA registered enterprise are treated as technical importations subject to standard import taxes.

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    Tax Treatment of Sales

    Original Title

    Tax Treatment of Sales

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    This document discusses the tax treatment of sales between Philippine Economic Zone Authority (PEZA) registered enterprises and regular VAT registered suppliers. Sales made by a VAT registered supplier to a PEZA enterprise subject to the 5% special tax rate are subject only to that 5% tax, while sales to a PEZA enterprise not subject to the 5% rate are VAT exempt. Sales of goods, property, and services from a VAT exempt supplier to any PEZA enterprise are always VAT exempt. Sales made by a PEZA registered enterprise are treated as technical importations subject to standard import taxes.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    11 views3 pages

    Tax Treatment of Sales Made by A Vat Reg. Supplier From Customs Territory

    Uploaded by

    Shieryl Bagaan
    This document discusses the tax treatment of sales between Philippine Economic Zone Authority (PEZA) registered enterprises and regular VAT registered suppliers. Sales made by a VAT registered supplier to a PEZA enterprise subject to the 5% special tax rate are subject only to that 5% tax, while sales to a PEZA enterprise not subject to the 5% rate are VAT exempt. Sales of goods, property, and services from a VAT exempt supplier to any PEZA enterprise are always VAT exempt. Sales made by a PEZA registered enterprise are treated as technical importations subject to standard import taxes.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 3

    TAX TREATMENT OF SALES

    1. Tax treatment of Sales made by a Vat Reg.


    supplier from Customs Territory

    a.) if the buyer is a PEZA registered enterprise


    subject to 5% special tax regime, in lieu of all
    taxes, execpt property tax:
    • Sale of Goods
    • Sale of service

    b.) if the buyer is a PEZA registered enterprise which


    is not subjected to 5% special tax rated sale
    (0%) under EO226
    2. Tax Treatment of Sales Made by a VAT exempt
    supplier from customs territory to a PEZA Registered
    enterprise
    Sale of Goods, property and services by a vat
    exempt supplier from customs territory to a
    PEZA registered enterprise is a vat exempt
    regardless of whether or not the PEZA registered
    enterprise is subject to taxes under NIRC
    3.) Tax treatment of Sales Made a PEZA registered
    enterprise

    a. Sales of Goods- treated as “technical importation”.


    Such buyer shall be treated as impoter thereof and
    shall be imposed with the corresponding import
    taxes.

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