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Vat Exempt Transactions Lists

The document outlines various transactions that are exempt from VAT including fresh foods in their original state, farm inputs, agricultural services, medical services, educational services, and compensation. Fresh foods can undergo simple preparation processes and still be considered in their original state. Farm inputs that are exempt include fertilizers, seeds, livestock, and poultry feeds. Medical services are exempt except for professional fees.

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16 views2 pages

Vat Exempt Transactions Lists

The document outlines various transactions that are exempt from VAT including fresh foods in their original state, farm inputs, agricultural services, medical services, educational services, and compensation. Fresh foods can undergo simple preparation processes and still be considered in their original state. Farm inputs that are exempt include fertilizers, seeds, livestock, and poultry feeds. Medical services are exempt except for professional fees.

Uploaded by

cadizelvin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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VAT EXEMPT TRANSACTIONS

1. Fresh foods in their original state


 Sale or importation of agricultural and marine food products in their original state,
livestock and poultry of a kind generally used as, or yielding or producing, foods for
human consumption; and breeding stock and genetic materials;

 Products classified under this paragraph shall be considered in their original


state even if they have undergone the simple processes of preparation or
preservation for the market, such as:
1. freezing
2. drying
3. salting
4. broiling
5. roasting
6. smoking or stripping

 Polished and/or husked rice, corn grits, raw cane sugar and molasses,
ordinary salt and copra shall be considered in their original state;

2. Farm Inputs
 Sale or importation of:
o fertilizers
o seeds, seedlings and fingerlings;
o fish, prawn, livestock
o poultry feeds, including ingredients, whether locally produced or imported,
used in the manufacture of finished feeds
o Except: Specialty feeds for:
1. race horses,
2. fighting cocks,
3. aquarium fish,
4. zoo animals
5. other animals considered as pets;

Raw materials of fertilizer = not exempt


Raw materials of feeds = exempt

3. Agricultural Services
 Services by agricultural contract growers and milling for others of palay into rice, corn
into grits and sugar cane into raw sugar.

4. Medical Services
 Medical, dental, hospital and veterinary services (including facilities and medical
supplies used in rendering such services) except those rendered by
professionals.

Vat Exempt Hospital Room, Ward Services, Cottons, Syringe


Vatable: Professional Fees

5. Educational Services
 Educational services rendered by private educational institutions, duly accredited
by:
o Department of Education(DepEd)
o Commission on Higher Education (CHED)
o Technical Education and Skills Development Authority (TESDA)

 Those rendered by government educational institutions

6. Compensation
 Services rendered by individuals pursuant to an employer - employee relationship
 Examples: 13th month pay, Rice Subsidy, Condo Unit, P50,000
 In cash or in kind compensation

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