Legal Insights

Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.

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Dec 14, 2009 vat refund capital goods tax exemption depreciable assets kepco bir

VAT Refund on Capital Goods: Strict Rules on Depreciable Assets

Philippine Supreme Court clarifies strict requirements for VAT refund claims on capital goods, emphasizing proper accounting treatment as depreciable assets.