May 23, 2025

Tag: VAT Refund

  • Supreme Court Shocker: Renewable Energy Developers No Longer Need DOE Endorsement for VAT Refunds!

    In a groundbreaking decision, the Supreme Court has declared that renewable energy developers do not require an endorsement from the Department of Energy to claim VAT refunds. This ruling came after the court’s Third Division reviewed a case brought by Maibarara Geothermal, Inc., which sought a refund exceeding PHP80 million for the year 2013. The…

    Written by

    Ramon Diaz

  • 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…

    Written by

    Ramon Diaz

  • Philippines Becomes Global Shopping Hub with New VAT Refund Law for Tourists

    President Ferdinand R. Marcos Jr. has signed a new law that will make the Philippines a more attractive shopping destination for international visitors. The law, known as Republic Act 12079, introduces a VAT Refund System for non-resident tourists, allowing them to reclaim the Value Added Tax on goods bought within the country. Under this new…

    Written by

    Homer Pangilinan