- PAGCOR licensees are exempt from both direct and indirect taxes.
- VAT directly paid on importations with proper documentation is refundable.
- Input VAT passed on by suppliers is not refundable and is part of the purchase price.
- The taxpayer is entitled only to a limited refund for VAT paid on importation of non-capital goods, subject to proper documentation and timely filing.
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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