Philip Morris Receives Partial VAT Refund Approval from Philippines Court

Philippines Court of Tax Appeals granted partial VAT refund to Philip Morris
Refund amount is PHP32.04 million ($564,407)
Refund is for unused input VAT traced to zero-rated sales in 2015
Philip Morris proved entitlement by showing actual shipments for export sales
Zero-rated sales do not translate to any output tax
Official receipts must have “zero-rated” written on them for 0 percent rating
CIR ordered to issue refund of PHP31.18 million to Philip Morris
CIR argued against refund, but CTA disagreed and accepted Philip Morris’ evidence

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.