Practice question
Explain the relationship between a registered nonresident DSP's output/remittance duties and the specific input-credit restriction introduced by RA12023. Why is denial of input credit not an automatic output-tax exemption?
Legal references
- RA12023, digital-services VAT, NIRC108-B,110 and113: https://lawphil.net/statutes/repacts/ra2024/ra_12023_2024.html
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