vimarsana.com

Use Computerized Accounting System News Today : Breaking News, Live Updates & Top Stories | Vimarsana

VAT refunds during the pandemic | BusinessWorld

​ The COVID-19 pandemic has forced businesses to explore new ways to improve their cash flow. One of the ways is to tap the government for VAT refunds. This recourse is available to taxpayers with unutilized input VAT attributable to zero-rated transactions and is governed by a process which was recently streamlined by the Bureau of Internal Revenue (BIR). In the past, we have heard about taxpayers who expressed reluctance to file VAT refund claims in view of the numerous documentary requirements and costs associated with the filing. Those who have actually filed faced difficulties in retrieving documents, whether internally or from outside sources, such as required certifications from various government agencies and foreign jurisdictions.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.