Tag: Tax Law
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Supreme Court Clarifies Timelines for VAT Refund Claims
The Supreme Court (SC) has provided clarity on the deadlines for filing value-added tax (VAT) refund claims with the Bureau of Internal Revenue (BIR). In a recent ruling, the SC’s Third Division specified that for claims submitted before June 11, 2014, the 120-day period for the BIR to act on a claim starts when the…
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