REVENUE MEMORANDUM CIRCULAR NO. 84-2022 issued on June 30, 2022 prescribes the template for Sworn Declaration to be executed by the Registered Business Enterprise (RBE) in relation to Question and Answer No. 36 of Revenue Memorandum Circular No. 24-2022.
         The template of Sworn Declaration states that the goods and/or services being purchased shall be used directly and exclusively in the registered project or activity. The said Sworn Declaration shall then be provided to the RBE’s supplier prior to the sale transaction to avail of the VAT zero-rate incentives.