Notice to All Concerned Incentive Promotion Agency Registered Subscribers of PLDT, Inc., Smart Communications, Inc. and PLDT Clark Telecom, Inc.
This is to inform you that pursuant to Section 295 (D) of the National Internal Revenue Code of 1997 (NIRC) as amended by the Republic Act No. 11534 of the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE), telecommunication charges billed to your account will be subjected to a 12% VAT, unless such services are directly and exclusively used in your registered project or activity.
This notice is in compliance with the National Telecommunications Commission (NTC) rules and regulations and for the guidance of the affected subscribers.