BIR MEMORANDUM CIRCULAR NO. 21-2022
SUBJECT TO CLAIM OF INPUT VAT ON PURCHASES OR IMPORTATIONS OF CAPITAL GOODS PURSUANT TO SECTION 110 OF THE NATIONAL INTERNAL REVENUE CODE OF 1997 (TAX CODE), AS AMENDED BY REPUBLIC ACT (R.A.) NO. 10963, OTHERWISE KNOWN AS THE “TAX REFORM FOR ACCELERATION OR INCLUSION” OR THE “TRAIN LAW”
