January 3, 2020
ITAD BIR RULING NO. 002-20
Asian Development Bank
6 ADB Avenue, Mandaluyong City
Gentlemen :
This is in connection with the request of the Asian Development Bank (ADB) to allow eligible ADB officers and staff who have met the minimum three (3 years) retention period for their Tax Exempt Vehicle (TEV), to avail of the Voluntary Tax Payment (VTP) scheme.
Relative thereto, please be informed that pursuant to the letter of Department of Finance (DOF) Secretary Carlos G. Dominguez to Department of Foreign Affairs (DFA) Secretary Teodoro L. Locsin, Jr. in connection with the above ADB request, the DOF interposes no objection to extend the VTP privilege to cover all ADB officers and staff who have satisfied the minimum retention period of three (3) years for their TEV, subject, among others, to the condition that a one-time ruling shall be secured from this Bureau confirming that the ADB officers and staff availing of the VTP scheme will be allowed to apply for Authority to Release Imported Goods (ATRIG) once the minimum retention period has been met. HEITAD
In view...
