Practice question
Distinguish a zero-rated sale from a VAT-exempt sale, particularly regarding attributable input VAT.
Legal references
- NIRC Sections 106,108,293(D),295(D), as amended by RA 12066, Sections 6-7,16,18: https://lawphil.net/statutes/repacts/ra2024/ra_12066_2024.html
- CIR v. Seagate Technology, G.R.153866, February 11, 2005: https://lawphil.net/judjuris/juri2005/feb2005/gr_153866_2005.html
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