BIR RMC NO. 65 – 2024 – CLARIFICATION REGARDING THE OUTPUT VAT CREDIT ON UNCOLLECTED RECEIVABLES UNDER SECTION 110(D) OF R.A. NO. 11976 (EASE OF PAYING TAXES ACT)

The Bureau of Internal Revenue (BIR) has clarified the application of Section 110(D) of the Ease of Paying Taxes (EOPT) Act, which allows VAT-registered taxpayers to claim a credit for output VAT previously remitted on receivables that subsequently become uncollected.

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