- The Philippine Court of Tax Appeals issued a decision on input VAT refunds for zero-rated sales.
- A renewable energy developer sought a refund for VAT paid on local purchases not needed for its energy facilities.
- The Commissioner of Internal Revenue denied the refund, claiming the taxpayer was not the proper party and the VAT was not linked to zero-rated sales.
- The Court of Tax Appeals, Special First Division, partially granted the refund claim.
- The Court of Tax Appeals, en banc, found the taxpayer was the proper party and provided evidence that the input VAT was valid and linked to zero-rated sales.
- The taxpayer’s local purchases were subject to the regular 12 percent VAT rate, making it eligible for the refund.
Source: news.bloombergtax.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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