108 of the Tax Code "go against the principle of limiting the VAT zero-rating
to direct exporters.
GAZT stressed that the provision of zero-rating
exports is one of many incentives given under the VAT to enterprises exporting goods and services.
GAZT further noted that the provision of zero-rating
exports is one of many incentives given under the VAT and Implementing Regulations to enterprises that export goods and services and allows them to deduct the tax they paid on those exports.
Abordo said that this alone is not the only basis for the VAT zero-rating
of the Peza's local suppliers, pointing to section eight of the Peza law which said ecozones should be operated and managed as separate customs territory.
To recall, the President Duterte vetoed at the last minute the zero-rating
on goods and services sold to goods and services to separate customs territory and tourism enterprise zones.
If a 'qualifying educational institution' supplies other goods and services that are directly related to a zero-rated supply of education, they qualify for zero-rating
Some believe that it was a question of simplicity: Zero-rating
some foods whilst taxing others would've been extremely complicated, according to one VAT specialist from Deloitte.
Certain supplies listed in the Export Schedule must be supplied to nonresidents to qualify for zero-rating
, whereas other supplies must be supplied to nonresidents who are not registered for the GST/HST to qualify for zero-rating
The Pakistan Hosiery Manufacturers Association (PHMA) has urged the government to continue the sales tax zero-rating
facility to five export-oriented sectors in the upcoming federal budget 2017-18, besides speeding up the disbursement of drawbacks under Prime Minister Rs.
Presently, the zero-rating
facility is available to only five export sectors which include Textiles (US$9,362 million), Leather US$396 million), Surgical Goods (US$262 million), Sports Goods (US$234 million) and Carpets (US$74 million).
Sandvine, a leading provider of intelligent broadband network solutions for fixed and mobile operators, today released a Global Internet Phenomena Report Spotlight focusing on Zero-Rating
html) announced Thursday it intends to uphold and strengthen the country's commitment to net neutrality principles - including the introduction of a framework that would prevent the practice of preferential pricing for services, often referred to as zero-rating