Monday, 5 January 2015

How to support your VAT-zero sales? Facebook.com/EmelinoTMaestro


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In the case of Chevron Holdings, Inc. vs. Commissioner of Internal Revenue, CTA EB Case No. 940, May 06, 2014, the Court of Tax Appeals has set up the requirements in proving a VAT-zero sales,  "One of the requisites for sales of services to be VAT zero-rated is that the recipient of such services is doing business outside the Philippines. To be considered a non-resident foreign corporation doing business outside the Philippines, the entity must be supported by both SEC certificate of Non-Registration and Certificate/Articles of foreign incorporation/association or printed screenshots of US SEC website showing the state/province/country where the entity was organized." 

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