- The Philippine Court of Tax Appeals clarified rules on refunds for erroneously paid VAT.
- A VAT-registered corporation sought a refund for VAT paid on VAT-exempt prescription drugs and medicines.
- The court confirmed the taxpayer paid VAT on exempt items but failed to prove it did not claim the VAT as input credit.
- Due to insufficient proof, the court upheld the denial of the refund claim.
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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