Locators in Clark and Subic Bay Freeports, supported by big business groups, asked the government to suspend the implementation of
new tax measures issued by the Bureau of Internal Revenue which limit the tax incentives and other fiscal perks enjoyed by exporters and importers.
RMC 24-2022 clarifies that VAT-registered REEs whose registration with an investment promotion agency has already expired should be subject to VAT. The groups alleged that the IRR and the BIR issuances effectively stopped the enjoyment of the tax incentive and other fiscal perks provided for by the CREATE Law. Some investor firms were reportedly levied with value added tax and other forms of taxes.
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