COURT OF TAX APPEALS DECISIONS November 2021 REFUND OF EXCESS INPUT VAT ON ZERO-RATED SALES In order to be entitled to a refund or tax credit of input tax due or paid attributable to zero-rated or effectively zero-rated sales, the following requisites must be satisfied: As to the timeliness
IMPLEMENTING THE PROVISIONS OF THE REPUBLIC ACT (RA) 11635, ENTITLED “AN ACT AMENDING SECTION 27 (B) OF THE NATIONAL INTERNAL REVENUE CODE OF 1997 AS AMENDED, AND FOR OTHER PURPOSES” ON THE INCOME TAXATION OF PROPRIETARY EDUCATIONAL INSTITUTIONS AND HOSPITALS WHICH ARE NON-PROFIT (Revenue Regulations No. 3-2022, April 7, 2022) The
CLARIFYING THE PROPER TAXABLE BASE OF EXCISE TAX IN THE MANUFACTURER’S/ASSEMBLER’S OR IMPORTER’S SWORN STATEMENT AND INTEGRATION OF THE MONITORING, SUPERVISION AND REPORTING OF EXCISABLE PRODUCTS UNDER REVENUE ADMINISTRATIVE ORDER (RAO) NO. 2-2014 (Revenue Memorandum Circular No. 63-2022, April 28, 2022) Rates and Bases of the Ad Valorem Tax on
CLARIFYING THE FILING AND PAYMENT DATE OF THE FRANCHISE TAX AND ITS CORRESPONDING RETURN FOR PAGCOR LICENSEES UNDER RMC NO. 32-2022 (Revenue Memorandum Circular No. 52-2022, April 22, 2022) 5% franchise tax is directly payable to BIR using BIR form 2553 with the ATC of OT 010. The said BIR
