- The Philippine Court of Tax Appeals clarified rules on refunds of unutilized input VAT for zero-rated sales.
- A domestic corporation sought a refund for input VAT related to services provided to a Singaporean company.
- The taxpayer claimed these services were zero-rated, making the input VAT refundable.
- The Commissioner of Internal Revenue opposed the refund, citing non-compliance with invoicing and accounting requirements.
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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