Revenue Memorandum Circular · RMC

RMC NO 73-2026 redacted

To define the coverage and establish the basis for applying VAT zero-rating or exemption on activities undertaken pursuant to the Philippines-US LOA on Narcotics Control and Law Enforcement, and to set guidelines for the appropriate VAT treatment on procurement of goods and services and the treatment of direct taxes under the Tax Code and relevant international agreements.

Bureau of Internal RevenueIndependent research copy

Document type: RMC
Number: 73
Year: 2026
Text quality: Not specified

Document text

Reference copy · verify against the official source

This circular explains the VAT and direct/indirect tax treatment of activities undertaken under the Letter of Agreement (LOA) on Narcotics Control and Law Enforcement between the Philippines and the United States. It establishes the basis for applying VAT zero-rating or exemption to Covered Transactions made by the US Government or its implementing partners, sets guidelines for VAT treatment of procured goods and services, and covers treatment of direct and indirect taxes on Implementing Partners and USG personnel. The provided text contains only the purpose, coverage, and the start of the definitions section.