Philippine Court Rules in Favor of Singapore Firm on Input VAT Refund for Zero-Rated Sales

• The Philippine Court of Tax Appeals issued a decision on July 3 in CTA Case No. 10609.
• The case involved input VAT refunds related to zero-rated sales.
• The taxpayer is a Singapore-based company with a branch in the Philippines for geothermal aerated drilling services.
• The taxpayer requested a refund for creditable input VAT paid for Q1 2019.
• The taxpayer claimed entitlement to the refund due to zero percent VAT rate services and provided supporting documents.
• The Commissioner of Internal Revenue disagreed, stating the claim was not fully substantiated.
• The Court of Tax Appeals found the taxpayer proved entitlement to a refund for unutilized input VAT for Q1 2019.

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.