BIR clarifies exemption of livestock and poultry feeds from VAT
The Bureau of Internal Revenue (BIR) issued a clarification on the exemption of livestock and poultry feeds or ingredients used in the manufacture of finished feeds from Value-Added Tax (VAT) under Sec. 4.109-1(B)(1)(b) of Revenue Regulations No. 16-2005.
Revenue Memorandum Circular (RMC) No. 55-2014 dated June 17 2014 states that the sale or importation of fertilizers, seeds, seedlings and fingerlings, fish, prawn, livestock and poultry feeds including ingredients, whether locally produced or imported, used in the manufacture of finished feeds is exempt from VAT, except specialty feeds.
Specialty feeds refer to non-agricultural feeds or food for race horses, fighting cocks, aquarium fish, zoo animals and other animals that are considered as pets.
However, the sale or importation of ingredients which may also be used for the production of food for human consumption shall be subject to VAT.
For the sale or importation of livestock and poultry feeds or ingredients used in the manufacture of finished feeds to be exempt from VAT, there must be a showing that the same is unfit for human consumption or that the ingredient cannot be used for the production of food for human consumption as certified by the Food and Drug Administration (FDA).. LET US FIGHT BIR CORRUPTION. BIR DEFICIENCY TAX ASSESSMENT SPECIALLY THE FRINGE BENEFIT DEFICIENCY TAX ASSESSMENT IS BEING USED TO PUSH TAXPAYERS TO BRIBE BIR-OFFICIALS. REPORT ANY INCIDENT TO DIVINE OR DHEN AT 0922 801 0922 OR EMAIL YOUR COMPLAINT AT 09228010922@MAESTROTAXATION.ORG. THANKS
The Bureau of Internal Revenue (BIR) issued a clarification on the exemption of livestock and poultry feeds or ingredients used in the manufacture of finished feeds from Value-Added Tax (VAT) under Sec. 4.109-1(B)(1)(b) of Revenue Regulations No. 16-2005.
Revenue Memorandum Circular (RMC) No. 55-2014 dated June 17 2014 states that the sale or importation of fertilizers, seeds, seedlings and fingerlings, fish, prawn, livestock and poultry feeds including ingredients, whether locally produced or imported, used in the manufacture of finished feeds is exempt from VAT, except specialty feeds.
Specialty feeds refer to non-agricultural feeds or food for race horses, fighting cocks, aquarium fish, zoo animals and other animals that are considered as pets.
However, the sale or importation of ingredients which may also be used for the production of food for human consumption shall be subject to VAT.
For the sale or importation of livestock and poultry feeds or ingredients used in the manufacture of finished feeds to be exempt from VAT, there must be a showing that the same is unfit for human consumption or that the ingredient cannot be used for the production of food for human consumption as certified by the Food and Drug Administration (FDA).. LET US FIGHT BIR CORRUPTION. BIR DEFICIENCY TAX ASSESSMENT SPECIALLY THE FRINGE BENEFIT DEFICIENCY TAX ASSESSMENT IS BEING USED TO PUSH TAXPAYERS TO BRIBE BIR-OFFICIALS. REPORT ANY INCIDENT TO DIVINE OR DHEN AT 0922 801 0922 OR EMAIL YOUR COMPLAINT AT 09228010922@MAESTROTAXATION.ORG. THANKS
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