- Recent en banc case discussed areas relevant to VAT refunds
- Challenges companies face in applying for tax refund or credit
- Nine requisites for claiming a refund or tax credit of unutilized or excess input VAT
- Timeliness and filing requirements for claiming a refund
- Essential elements of valid VAT zero-rated sales of services
- Requirements for establishing recipient of services as nonresident foreign corporations
- Importance of presenting all available evidence before judgment
- Knowledge about processes, requisites, and documentary requirements for tax refund or credit is essential
Source: philstar.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Philippines"
- Lowering VAT Risks Government Revenue, May Lead to Higher Debt and Cuts in Essential Services
- Philippine Court Clarifies Tax Exemptions and Liabilities for PAGCOR-Licensed Corporations
- Philippine Court Denies Input VAT Refund Due to Insufficient Invoice Evidence for Zero-Rated Sales
- The BIR lifts its previous tax audit suspension
- Philippine Lawmakers Propose Lowering VAT to 10% to Ease Prices, Boost ASEAN Competitiveness
