- The Philippine Court of Tax Appeals ruled on a case involving a VAT-registered manufacturer seeking a refund for unutilized input VAT on zero-rated export sales. The court partially sided with the taxpayer, ordering the Commissioner of Internal Revenue to pay an additional refund. The decision highlighted issues with verifying tax payments without proper documentation and emphasized the need for proportional allocation of input taxes when sales are mixed.
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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