Transport, Logistics & Media
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5 Terms
Books, Newspapers, and Magazines
The sale, importation, printing, or publication of books, newspapers, and educational magazines—including digital or electronic formats—is VAT-exempt, provided they are not primarily devoted to paid advertisements.
International Passenger Transport
The transport of passengers by international sea or air carriers is completely exempt from VAT.
Commercial Vessels & Aircraft
The sale, importation, or lease of passenger or cargo vessels and aircraft, including their engines and spare parts, for domestic or international transport is VAT-exempt.
International Transport Fuel & Supplies
The importation of fuel, goods, and essential supplies strictly used for international shipping or air transport operations is exempt from VAT.
Gold Sales to the BSP
The sale of gold directly to the Bangko Sentral ng Pilipinas (BSP) is completely exempt from VAT.