Dear Valued Customers,

We would like to inform you about that The Department of Trade and Industry-Export Marketing Bureau (DTI-EMB) announce that exporters can now avail of zero VAT through the Export-Oriented Enterprise (EOE) certification under the CREATE MORE Act (Republic Act No. 12066). This advisory provides complete details on the benefits, eligibility criteria, and application process.

Benefits of the EOE Certification:

1. VAT Zero-Rating on Local Purchases:
• Exporters can enjoy VAT zero-rating on local purchases of goods and services directly attributable to their export activities.
2. VAT Exemption on Importation:
• Importation of goods by EOEs is VAT-exempt, provided these goods are directly used in export activities.

Eligibility Criteria:

To qualify for the EOE certification, an exporter must meet the following criteria:

• Export Sales Threshold: At least 70% of the total annual production from the preceding taxable year must be export sales
• Compliance Certification: The DTI-EMB will certify compliance with the 70% export sales threshold.

Application Process:

1. Prepare Required Documents:
• Duly accomplished and notarized application form.
• Proof of export sales meeting the 70% threshold.
• Other supporting documents as specified by the DTI-EMB.

2. Submit Application:
• Applications can be submitted to the DTI-EMB office or via their official email: [email protected]
3. Review and Certification:
• The DTI-EMB will review the application and issue the EOE certificate if all criteria are met. The certificate is valid until the end of the applicable taxable year
4. Post-Audit Verification:
• The Bureau of Internal Revenue (BIR) may conduct post-audit investigations to verify compliance

About the CREATE MORE Act:

The CREATE MORE Act, signed into law on November 8, 2024, aims to enhance non-income tax-based incentives for export-oriented enterprises. It amends sections of the Tax Code to provide VAT zero-rating and exemptions, thereby supporting the growth and competitiveness of Philippine exporters

For more information or assistance with the application process, please contact the DTI-EMB at (+632) 7791.3274 or via email at [email protected].

We encourage all eligible exporters to take advantage of this opportunity to enhance your business operations and contribute to the growth of the Philippine economy.

DTI CREATE MORE Certification 

https://portcalls.com/exporters-may-avail-of-zero-vat-via-dti-certification/