Philippine Court Cancels Ford Group’s 2018 VAT Deficiency, Upholds Zero-Rating and Due Process Rights

• The Philippine Court of Tax Appeals ruled in favor of Ford Group Philippines in a VAT appeal.
• The court cancelled Ford Group’s alleged VAT deficiency for 2018.
• Ford Group argued its sales qualified for VAT zero-rating and that excess input tax disallowance violated due process.
• The Commissioner of Internal Revenue claimed the assessment was valid.
• The court found Ford Group’s sales to ECOZONE entities qualified for VAT zero-rating.
• The court determined Ford Group had no VAT deficiency for 2018.
• The court ruled the disallowance of excess input tax lacked legal basis and violated due process.

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.