Practice question
For a zero-rated-sale input VAT claim under Section 112(A), the two-year application period is ordinarily measured from what event?
- The taxpayer’s incorporation
- The invoice printer’s birthday
- The close of the taxable quarter when the zero-rated sales were made
- The last time management met
- Any date chosen in a demand letter
Legal references
- NIRC Sections 106(B) and 112(A), read with subsequent amendments: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
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