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Posted November 21, 2019

Input Tax on Depreciable Goods


Input Tax on Depreciable Goods

RA 10963 removed the requirement to amortize input VAT on capital goods purchased and imported by VAT taxpayers starting December 31, 2021.

Taxpayers with unutilized input VAT on capital goods as of December 31, 2021 shall be allowed to apply the same until fully utilized. 


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