Input VAT Refund in the Philippines: The Effect of CREATE MORE

As the Republic Act 12066, or the CREATE MORE law, has become effective, some businessmen—especially those who have VAT Zero-rated sales, such as Philippine exporters, freelancers, or micro, small, and medium enterprises (MSMEs)- have seemingly misinterpreted that the Act has repealed or removed the Input VAT Refund. Some business owners are already writing off their […]