October 15, 2020
REVENUE MEMORANDUM ORDER NO. 036-20
| SUBJECT | : | Providing Guidelines and Procedures in the Refund of Erroneously Paid Value-Added Tax (VAT) on Imported Drugs Prescribed for Diabetes, High Cholesterol, and Hypertension as Implemented Under Revenue Regulations (RR) No. 18-2020 Pursuant to Section 204 (C) of the Tax Code of 1997, as Amended |
| TO | : | All Internal Revenue Officials and Employees Concerned |
I. OBJECTIVES
1. To provide uniform policies and guidelines in the processing, verification, approval and payment of claims for refund of erroneously paid VAT on imported drugs prescribed for diabetes, high cholesterol, and hypertension included in the Department of Health-Food and Drug Administration (DOH-FDA) approved list from the effectivity of Republic Act (R.A.) No. 11467 on January 23, 2020 up to July 9, 2020, the effectivity of RR No. 18-2020;
2. To prescribe the documents to be submitted by the taxpayer-claimants;
3. To prescribe the documents to be attached to the VAT refund docket and the required notice to claimants; and
4. To define and delineate the duties and responsibilities of the offices involved...
