TITLE IV — VALUE-ADDED TAX
(B)
Cancellation of VAT Registration. — A person whose registration has
been cancelled due to retirement from or cessation of business, or due to
changes in or cessation of status under Section 106(C) of this Code may,
within two (2) years from the date of cancellation, apply for the issuance
of a tax credit certificate for any unused input tax which may be used in
payment of his other internal revenue taxes.
(C)
Period within which Refund or Tax Credit of Input Taxes shall
be Made. — In proper cases, the Commissioner shall grant a refund
for creditable input taxes within ninety (90) days81 from the date of
submission of the official receipts or invoices and other documents82 in
support of the application filed in accordance with Subsection (A) and
(B)83 hereof: Provided, That should the Commissioner find that the grant
of refund is not proper, the Commissioner must state in writing the legal
and factual basis for the denial.
In case of full or partial denial of the claim for tax refund, the taxpayer
affected may, within thirty (30) days from the receipt of the decision
denying the claim, appeal the decision with the Court of Tax Appeals:
Provided, however, That failure on the part of any official, agent, or
employee of the BIR to act on the application within the ninety (90)-day
period shall be punishable under Section 269 of this Code.84
(D)
Manner of Giving Refund. — Refunds shall be made upon warrants
drawn by the Commissioner or by his duly authorized representative
without the necessity of being countersigned by the Chairman,
Commission on Audit, the provisions of the Administrative Code of
1987 to the contrary notwithstanding: Provided, That refunds under this
paragraph shall be subject to post audit by the Commission on Audit.
SEC. 113. Invoicing and Accounting Requirements for VAT-registered
Persons. —
(A)
Invoicing Requirements. — A VAT-registered person shall issue:
(1) A VAT invoice for every sale, barter or exchange of goods or
properties; and
(2) A VAT official receipt for every lease of goods or properties, and for
every sale, barter or exchange of services.
81
As amended by Section 36 of the TRAIN Law. Previous number of days was 120 days.
82
As amended by Section 36 of the TRAIN Law. Previous submission referred to ‘complete
documents’.
83
Introduced by Section 36 of the TRAIN Law.
84
Ibid.
National Internal Revenue Code of 1997 (as amended by the TRAIN Law, RAs 11256, 11346 and 11467)
131
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