- The Philippine Court of Tax Appeals issued a decision on input VAT refunds for zero-rated sales.
- A VAT-registered company sought a refund for unutilized input VAT for Q4 2018.
- The taxpayer claimed compliance with all requirements and disputed disallowances and output VAT claims.
- The Commissioner of Internal Revenue denied the refund, citing lack of substantiation.
- The Court partially granted the appeal, stating input VAT should be allocated based on sales volume.
- The taxpayer was entitled to a refund for unutilized input VAT from zero-rated sales.
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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