THE Philippine Congress on May 24, 2005, enacted into law the Value Added Tax Reform Act otherwise known as Republic Act No. (RA) 9337, which eventually became effective on Nov. 1, 2005. The validity ...

Tax lawyers are accustomed to counting days. In VAT refund cases, however, the more important question is not how many days have passed, but which clock is running. Recent Supreme Court decisions ...

Businesses often forgo input VAT credit if the purchase/expense invoice is more than 6 months old (or, 2 months in the case of monthly tax periods). Needless to say, such a tax position results in a ...

The CREATE MORE law has been in effect for approximately six months, and it has already drawn renewed attention from foreign investors. The incentive framework it introduced has encouraged ...

SECTION 112 of the Tax Code (Republic Act [RA] 8424, as amended) states that a taxpayer may claim for refund or request for issuance of tax credit certificate for its excess unutilized input ...

Businesses in China can continue to claim input VAT credits for domestic transport expenses incurred by its contracted employees, including dispatched staff. General VAT taxpayers will also be allowed ...