Practice question
Can input VAT already applied against output VAT also be included in the same taxpayer’s Section 112(A) refund claim?
- Yes, double use is mandatory
- Yes, if the taxpayer renames it
- Only if the supplier is large
- No; the refund route covers qualifying input tax to the extent not applied against output tax
- Yes, every zero-rated seller gets unlimited refunds
Legal references
- NIRC Sections 106(B) and 112(A), read with subsequent amendments: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
Answer this question in flashcards to review your response and continue practicing.