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REVENUE MEMORANDUM CIRCULAR NO. 54-2014

Clarifying Issues Relative to the Application for Value Added Tax (VAT) Refund/Credit under Section 112 of the Tax Code, as amended

RMC No. 54-2014 | 2014-06-11

 
REPUBLIC OF THE PHILIPPINES
DEPARTMENT OF FINANCE
BUREAU OF INTERNAL REVENUE
Quezon City

June 11, 2014

REVENUE MEMORANDUM CIRCULAR NO. 54-2014

SUBJECT:   Clarifying Issues Relative to the Application for Value Added Tax (VAT) Refund/Credit under Section 112 of the Tax Code, as amended

TO:             All Internal Revenue Officers and Others Concerned
 

   Clarification on the issues concerning the application for VAT refund/tax credit has been made by the Supreme Court in Commissioner of Internal Revenue vs. San Roque Power Corporation1 and in Mindanao II Geothermal Partnership vs....