The Bureau of Internal Revenue (BIR) has introduced simplified procedures for value-added tax (VAT) refund claims, as part of its implementation of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) MORE Act. Detailed in Revenue Memorandum Circular (RMC) No. 37-2025, the changes aim...
The Court of Tax Appeals (CTA) has denied the petition of Sony Philippines, Incorporated for a tax refund of P60 million representing alleged unutilized creditable withholding taxes (CWT) for the fiscal year that ended on March 31, 2019. Sony Philippines filed an application for tax credits or...
The Court of Tax Appeals (CTA) has denied the P40 million tax refund sought by the Lepanto Consolidated Mining Company for its alleged unutilized input value-added tax (VAT) attributable to zero-rated sales for 2018. In its petition, Lepanto Consolidated Mining said that it exported all of its...
The Court of Tax Appeals (CTA) has denied the petition of Sankyu-ATS Consortium-B against the Bureau of Internal Revenue (BIR) for P2.5 million tax refund for alleged excess and unutilized input value-added tax (VAT) for the fourth quarter of 2018. Sankyu-ATS, a logistics services firm, filed on...
The Court of Tax Appeals (CTA) has denied for lack of jurisdiction the petition of FMC Switzerland II GMBH which sought P10.49 million tax refund from the Bureau of Internal Revenue (BIR) for 2019. FMC Switzerland filed before the BIR an administrative claim for valued-added tax (VAT) refund of...
The Court of Tax Appeals (CTA) has denied the petition of BSM Crew Service Centre Philippines, Inc. which sought a tax refund of P4.7 million from the Bureau of Internal Revenue (BIR) for 2017. BSM filed its petition for review before the CTA as a full court on Aug. 18, 2023 and assailed the...
PSAC Lead Convenor and Aboitiz Group President and Chief Executive Officer (CEO) Sabin Aboitiz The Private Sector Advisory Council (PSAC) said the implementation of a value-added tax (VAT) refund system is poised to be a “game-changer” for the country’s tourism industry, driving...
Finance Secretary Ralph G. Recto The Philippines has officially launched a value-added tax (VAT) refund system for foreign tourists, aiming to significantly boost tourism revenue by encouraging increased spending on local goods. According to the Department of Finance (DOF), the refund scheme...
The Court of Tax Appeals (CTA) has denied the petition of Pacific Plaza Condominium Corporation which sought a tax refund of P3.18 million from the Bureau of Internal Revenue (BIR) In a petition, Pacific Plaza wanted to convince the CTA as a full court to reverse and set aside the decision of the...
The Court of Tax Appeals (CTA) has denied for lack of merit the petition of Green Cross, Inc. which sought the refund of P117.9 million in alleged erronously paid taxes to the Bureau of Internal Revenue (BIR). From Nov. 16, 2018 to Dec. 17, 2019, Green Cross paid excise taxes amounting to...
The Court of Tax Appeals (CTA) has denied the petition of Nippon Express Philippines Corporation for a tax refund of P18.7 million from the Bureau of Internal Revenue (BIR). Nippon Express filed an application for tax credits or refunds before the BIR on July 13, 2020 in the amount of...
The Court of Tax Appeals (CTA) has denied the petition of Organisational Support Services, Inc. seeking a tax refund of P1.78 million from the Bureau of Internal Revenue (BIR). Organisational Support filed with the BIR an application for tax credits/refund on Dec. 9, 2020. It claimed its...
