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RMC 57-2013 PDF
RMC 57-2013 PDF
DEPARTMENT OF FINANCE
BUREAU OF INTERNAL REVENUE
August 23, 2013
SUBJECT: Circularization of BIR Ruling No. 123-2013 dated March 25, 2013 on
the Recovery of Unutilized Creditable Input Taxes Attributable to VAT
Zero-Rated Sales
For the information and guidance of all internal revenue officials and employees
concerned, quoted hereunder is the relevant portion BIR Ruling No. 123-2013 dated
March 25, 2013 concerning the recovery of unutilized creditable input taxes
attributable to VAT zero-rated sales:
All revenue officials and employees are enjoined to give this Circular as wide
publicity as possible. Accordingly, all employees engaged in the audit and review of
audit cases are hereby enjoined to disallow unutilized creditable input taxes
attributable to VAT zero-rated sales that is claimed as a deduction for income tax
purposes.
(Original Signed)
KIM S. JACINTO-HENARES
Commissioner of Internal Revenue