- The Philippine Court of Tax Appeals ruled that a VAT-registered construction consortium was not entitled to a full refund of unutilized input VAT on zero-rated sales to a PEZA-registered entity. The court upheld the partial denial by the Commissioner of Internal Revenue due to insufficient supporting documentation. It clarified that sales to PEZA-registered entities are not automatically zero-rated; the taxpayer must prove the goods or services were consumed or rendered within the ECOZONE, which the taxpayer failed to do.
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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