- The Philippine Court of Tax Appeals clarified input VAT refunds for PAGCOR licensees.
- PAGCOR licensees and contractors 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.
- Input VAT credits were disallowed due to lack of documentation.
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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