Setting things straight: The treatment of denied VAT refund claims

The need for clear and definitive rules on the proper treatment of input value-added tax (VAT) from zero-rated/export sales in case of denial has never been as important as today. As more VAT refunds are denied by the Bureau of Internal Revenue (BIR), the taxpayers’ clamor to address the issue on the recovery of VAT for zero-rated/export sales becomes inevitable.