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TMC by Ellaine Bernardino is a document available to read on EtoBox.

1) Taganito Mining Corporation (TMC) filed for a refund of input VAT paid on purchases in 2007, claiming they were attributable to zero-rated export sales. The BIR disallowed part consisting of deferred input VAT on capital goods over Php1 million, requiring amortization over 60 months. 2) The Court of Tax Appeals affirmed the amortization, finding no distinction in the law between input VAT creditable against output VAT and input VAT claimed for refund. 3) The Supreme Court also ruled that input VAT on

Author

Ellaine Bernardino

Language

EN