The Department of Finance has notified the University that the 0% Value-added Tax (VAT) rate for the University has been repealed through the TRAIN Law. Customs duties may still be waived through the letter of commitment. The current template also includes a request for tax subsidy on the VAT.
Section 25 (c) of the UP Charter (RA 9500) states that:
Importation of economic, technical, vocational, scientific, philosophical, historical and cultural books, supplies and materials duly certified by the Board, including scientific and educational computer and software equipment, shall be exempt from customs duties.
UP units requiring an importation that is governed by the said provision are requested to submit a Letter of Commitment to the Department of Finance through the UP Office of the President. Please follow the guidelines below: