Jan 082017
(First of three parts)Companies that have filed applications for refunds with the Bureau of Internal Revenue (BIR) can attest that securing an approval of a refund claim for unutilized input Value-Added Tax (VAT) attributable to zero-rated sales is always a challenge. There is a perception that tax refunds, compared to tax assessments, are not prioritized by BIR examiners. It is easy to see why.