Philippines Court of Tax Appeals Issues Decision Clarifying Input VAT Refunds on Zero-Rated Sales

The Philippine Court of Tax Appeals Nov. 27 issued a decision in CTA EB No. 2918, clarifying unutilized input VAT refunds on zero-rated sales. The taxpayer, a foreign corporation providing fluids drilling services, sought a refund of excess and unutilized input VAT attributable to zero-rated sales. The Court of Tax Appeals, Special First Division partially granted it. On appeal, the Court of Tax Appeals, en banc, found that: 1) the taxpayer was only required to present its client’s Department of Energy (DOE) certificate of registration as a renewable energy developer, DOE certificate of endorsement, and Board of Investments registration, for ...