BusinessWorld22d
BIR warns document deficiencies will raise VAT refund risk category
THE Bureau of Internal Revenue (BIR) said the lack of supporting documents beyond a certain threshold on sales and purchases involved in a value-added tax (VAT) refund application will automatically ...
BusinessWorld1mon
BIR: Incomplete VAT refund claims automatically deemed ‘high risk’
THE Bureau of Internal Revenue (BIR) will now automatically classify value-added tax (VAT) refund claims with incomplete information as “high risk,” subject to full verification. In a memorandum order ...