PEZA issues M.C. 2025-052 to clarify VAT Zero-Rating for Goods & Services
Philippine Economic Zone Authority Memorandum Circular No. 2025-052 turns the CREATE MORE Act’s broad VAT promises into a working playbook: it defines what counts as “directly attributable” to a registered project or activity and, therefore, qualifies for VAT exemption on importation and VAT zero-rating on local purchases for PEZA-registered export and high-value domestic market enterprises. […]
