- The Philippine Court of Tax Appeals issued a decision on refunds of unutilized creditable input VAT for zero-rated sales.
- A Singapore-based company sought a refund for the second half of 2019.
- The company claimed it provided zero-rated VAT services and had supporting documents.
- The Commissioner of Internal Revenue disagreed, stating the claim was not fully substantiated.
- The Court found no evidence of a contract for the services during the relevant period.
- The company failed to meet all documentary and evidentiary requirements 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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