VAT exemption under Section 295 in Title XIII of the Tax Code
Goods and services directly and exclusively used in the registeredproject or activity by a registered business enterprise are exempt from VAT on importation and zero-rated on local purchases
Importation of COVID-19 vaccines
Exempt from import duties, taxes, and other fees, subject to DOH or FDA approval/licenses, and must not be intended for resale or other commercial use and shall be distributed without any consideration from persons to be vaccinated
Crude oil intended to be refined at a local refinery
Exempt from payment of applicable taxes and duties upon importation, including the volumes that are lost and not converted to petroleum products when the crude oil actually undergoes the refining process
Applicable duties and taxes on petroleum products
Payable only upon lifting of the petroleum products produced from the imported crude oil
