Practice question
Does simple freezing necessarily remove an otherwise qualifying agricultural or marine food product from the statutory original-state VAT exemption?
- Yes, every preservation process removes it
- No; the statutory rule expressly recognizes simple preparation or preservation such as freezing
- Only if a supermarket sells it
- Only if a foreign customer buys it
- Yes, all preserved food is manufactured taxable goods
Legal references
- RA 9337, Section 7, amended NIRC Section 109(A)-(B): https://lawphil.net/statutes/repacts/ra2005/ra_9337_2005.html
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