- The Philippine Court of Tax Appeals issued a decision on input VAT refunds for zero-rated sales.
- A VAT-registered corporation providing catering services sought a refund for input VAT for 2018.
- The taxpayer claimed entitlement to the refund due to zero percent VAT on services to international air transport clients.
- The Commissioner of Internal Revenue opposed the refund due to non-compliance with invoicing requirements.
- The Court of Tax Appeals denied the refund claim due to failure to meet invoicing requirements for zero-rated sales.
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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