- The Philippine Court of Tax Appeals clarified rules on input VAT refunds for zero-rated sales.
- The taxpayer partially won a refund for excess and unutilized input VAT.
- The court confirmed the taxpayer’s client was a nonresident foreign corporation not doing business in the Philippines.
- Input VAT that was not part of the excess at quarter-end could not be carried over.
- Input VAT credits were correctly disallowed when official receipts were unreadable or lacked service details.
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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