SC rules on VAT-refund claim period, clearing 2014 CTA case

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SC rules on VAT-refund claim period, clearing 2014 CTA case - Business Mirror

Quick Summary:

THE Supreme Court (SC) has issued a decision clarifying the prescriptive periods for filing value-added tax (VAT) refund claims with the Commissioner of Internal Revenue (CIR).

For VAT claims filed starting January 1, 2018, the BIR has 90 days, instead of 120 days, to resolve the claim from the date of its filing with complete supporting documents, according to the High Tribunal.

The SC said if the BIR does not notify the taxpayer that the submission is incomplete, the 120-day period begins from the date the taxpayer voluntarily submitted additional documents.