- Philippines Court of Tax Appeals granted partial VAT refund to Philip Morris
- Refund amount is PHP32.04 million ($564,407)
- Refund is for unused input VAT traced to zero-rated sales in 2015
- Philip Morris proved entitlement by showing actual shipments for export sales
- Zero-rated sales do not translate to any output tax
- Official receipts must have “zero-rated” written on them for 0 percent rating
- CIR ordered to issue refund of PHP31.18 million to Philip Morris
- CIR argued against refund, but CTA disagreed and accepted Philip Morris’ evidence
Source: tobaccoreporter.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.
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