Back

Team Energy Corp. vs. Commissioner of Internal

TEAM ENERGY CORPORATION (FORMERLY: MIRANT PAGBILAO CORPORATION AND SOUTHERN ENERGY QUEZON, INC.), PETITIONER, V. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. [G.R. No. 197770, March 14, 2018] REPUBLIC OF THE PHILIPPINES REP. BY THE BUREAU OF INTERNAL REVENUE, PETITIONER, V. TEAM ENERGY CORPORATION, RESPONDENT.

G.R. No. 197663 | 2018-03-14

D E C I S I O N
 
LEONEN, J.:
 
For a judicial claim for Value Added Tax (VAT) refund to prosper, the claim must not only be filed within the mandatory 120+30-day periods. The taxpayer must also prove the factual basis of its claim and comply with the 1997 National Internal Revenue Code (NIRC) invoicing requirements and other appropriate revenue regulations. Input VAT payments on local purchases of goods or services must be substantiated with VAT invoices or official receipts, respectively.
 
The Petitions for Review in G.R. Nos. 197663 and 197770 seek to reverse and set aside the April 8, 2011 Decision[1]and July 7, 2011...