AMENDING THE PRESCRIBED FORMAT OF VAT ZERO-RATING CERTIFICATE TO BE ISSUED BY THE INVESTMENT PROMOTION AGENCIES (IPAS)

Introduction

REVENUE MEMORANDUM CIRCULAR (RMC) NO. 71-2025

This Circular is issued to amend the provisions of RMC No. 36-2022 by prescribing a revised format for the VAT Zero-Rating Certificate to be issued by IPAs to Registered Business Enterprises (RBEs), in accordance with the Republic Act (RA) No. 12066, commonly known as the CREATE MORE Act.

The revised templates for VAT Zero-Rating Certificate are hereby prescribed as follows:

1. Template 1 (with Annex “A”) – This format is designated for VAT Zero-Rating Certificates issued to Registered Export Enterprises (REEs) and High-Value Domestic Market Enterprises (HVDMEs) under RA No. 12066.

The revised template template for the VAT Zero-Rating Certificate is hereby prescribed as the standard format to be used.

Template (with Annex “A”)
 This format is designated for VAT Zero-Rating Certificates issued to Registered Export Enterprises (REEs) and High-Value Domestic Market Enterprises (HVDMEs) under RA No. 12066.



VAT ZERO-RATING CERTIFICATE
Certificate No. [YYYY-_____]

This is to certify that [name of taxpayer per Bureau of Internal Revenue (BIR) Form No. 2303] with TIN [000-000-000, first nine digits only] and head office located at [economic, freeport, or tourism enterprise zone (TEZ), if applicable; barangay, municipality, province, and region] is a [investment promotion agency (IPA) name] Registered [Type of Industry] with Certificate of Registration No. [registration number on the IPA COR dated [dd-mmm-yyyy of the IPA COR issuance]. (Please see attached Annex “A” for the information on the registered activities, which is an integral part of this certification.)

This is to further certify that [name of taxpayer per BIR Form No. 2303] is a [registered export enterprise (REE) or high-value domestic market enterprise (HVDME)] for the purpose of VAT zero-rating on its transactions with its local suppliers of goods and services that are directly attributable to its registered project/activities.

This certification is issued in accordance with Sections 294(E) and 295(D) of the National Internal Revenue Code (NIRC) of 1997, as amended by Republic Act (RA) No. 12066, [Rule 2, Section 3 (if registered under CREATE MORE) or Rule 18, Section 3 (if registered under CREATE)] and Rule
9, Section 4 of the Implementing Rules and Regulations of Title XIII of the NIRC of 1997, as amended, and applicable BIR Revenue Regulations.

Issuance of this certification is upon the request of [name of taxpayer per BIR Form No. 2303] for whatever legal purpose it may serve, and is valid for the taxable period [from_____________ to ___________], unless otherwise revoked or suspended by the [IPA name] prior to expiration of said period. This certification is automatically revoked in the event of cancellation of [name of taxpayer per BIR Form No. 2303]’s IPA name registration, effective on the date of said cancellation.


[Name and signature of authorized signatory]
[position]
[office name]
[date signed]



ANNEX A

[IPA Name] – [registration numer on the IPA COR]
List of Registered Projects/Activities