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No More ‘VAT nga ba ang hirap?’

In the Philippines, VAT refund provisions under the Tax Code provide that VAT-registered entities whose sales are zero-rated or effectively zero-rated may apply for the refund of creditable input tax due or paid attributable to such zero-rated sales.

However, as pointed out by the IMF article, Philippine taxpayers often feel discouraged in filing refund claims as they expect stringent application procedures.

Source: www.philstar.com

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