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, the BIR said incomplete claims include those with no reference details and incomplete or no transaction details on the schedules of sales and purchases. A VAT […]
Tomas Kauer - News Moderator 
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, the BIR said incomplete claims include those with no reference details and incomplete or no transaction details on the schedules of sales and purchases. A VAT […]
