Philippine Court Clarifies Input VAT Refunds for Mining Company in Zero-Rated Sales Case

• The Philippine Court of Tax Appeals issued a decision on input VAT refunds for zero-rated sales.
• A mining company sought a refund for unutilized input VAT on zero-rated sales.
• The Commissioner of Internal Revenue partially denied the refund due to lack of substantiation.
• The Court partially granted the taxpayer’s petition, confirming timely claims and VAT registration.
• Certain disallowed sales were validated, including direct export sales with deducted commissions.
• Zero-rated sales to PEZA-registered entities were correctly disallowed without proper documentation.

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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