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New VAT refund guidelines: Rerun or revamp?

It is no secret that taxpayers go through the eye of a needle when applying for value-added tax (VAT) refunds. From gathering the necessary documents for submission to the Bureau of Internal Revenue (BIR), making sure that the documents are compliant with the invoicing requirements, and securing certificates from various government agencies, the list of tasks goes on and on. When the application is received, the pace picks up with a 90-day VAT audit.

Source: bworldonline.com

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