The Bureau of Internal Revenue issued a Tax Advisory to clarify the transitory provisions and certain requirements in Annex A.1 of Revenue Memorandum Circular (RMC) No. 47-2019, Revised Checklist of Mandatory Requirements in relation to claims for VAT refund filed pursuant to Section 112(A) of the Tax Code of 1997, as amended.

For VAT refund applications filed from 1 June to 30 June 2019, the deadline for the submission of the requirements, as enumerated in the Tax Advisory, is extended until 31 July 2019.

Failure to submit the documents on or before 31 July 2019 shall mean non-compliance with the submission of complete documents in support of the VAT refund claims as prescribed in RMC 47-2019.

Further, it clarifies that Import Entry and Internal Revenue Declarations (IERD), Single Administrative Document (SAD), Statement of Duties and Taxes (SSDT) and commercial invoices on importations as required in the revised checklist need not be authenticated by Bureau of Customs for claims filed from the effectivity of RMC 47-2019.

 

Attached is the full text of the issuance.

Tax Advisory

_{DISCLAIMER: The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although R.G. Manabat & Co. endeavors to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.}

_{For any queries, you may contact any member of the InTAX Editorial Board or send your questions to ph-inquiry@kpmg.com.}