CDP

is an indirect tax wherein a person can shift the burden to another person

VAT

The person who paid such VAT

Input VAT

a person charging/shifting the VAT to another

Output VAT

the difference between Input VAT and Output VAT

Final VAT Payable

there is no Input and Output VAT

VAT Exempt Transactions

there is Input VAT but no Output VAT

VAT Zero Rated

A person can claim for refund of Input VAT

Sec. 110-112, NIRC, as amended by TRAIN Law

All transactions (sale, lease, importation) are subject to VAT

(Secs. 106-108, NIRC as amended by TRAIN Law)

All transactions (sale, lease, importation) are subject to VAT unless otherwise exempted thereto

(Sec 109, NIRC, as amended by TRAIN Law).

Up to a maximum of _____ of the duty imposed by law for all fuel imported into the Philippines used for the propulsion of

99%

Up to a maximum of 99% of the duty imposed by law, for all fuel imported into the Philippines used for the propulsion of:

a. Sea vessel engaged in foreign trade; b. Sea vessel engaged in coastwise trade; provided that the MARINA or any appropriate government agency has authorized the temporary conversion of that vessel to engage in international trade; and
c. Scheduled international airlines.

Up to a maximum of ______ of the duty imposed by law for petroleum oils and oils obtained from bituminous minerals, crude oil imported by non-electric utilities, sold directly or indirectly, in the same form or after processing, to electric utilities for the generation of electric power and for the manufacture of city gas.

50%

The duties refunded or credited shall not exceed _____ of the duties paid on imported materials used

100%

The exportation shall be made within _____ after the importation of materials used and claim for refund or tax credit shall be filed within _____

1 year
6 months from the date of exportation

When______ result from the use of the same imported materials, and apportionment shall be ______

two or more products
made on equitable basis.

A claim and application for a Duty Drawback shall prescribe if it is not filed ______ in case of ________

within 1 year from the date of importation
Sections 4.1.1. and 4.1.2 of this CAO.

For Duty Drawback under ______ of this CAO, the claim shall be filed within 6 months from the date of exportation.

Section 4.1.3
filed within 6 months from the date of exportation

The claimant may request an extension to file he claim _______; Provided, That the request is made before the lapse of the six-month period and the actual filing of claim shall not exceed ______

for another 6 months;
1 year from the date of exportation.

Where the Duty Drawback under Section 4.1.3 of this CAO involves multiple importations or exportations, the prescriptive period shall be counted_______, as the case may be

from the date of first importation or first exportation

The start of the prescriptive period shall be reckoned from:

a. The date when customs duties and taxes are paid in case of importations;
b. The date of loading as reflected in the export bill of lading in case of exportations; and
c. The date of delivery receipt in case of constructive exports.

All applications for Duty Drawback must be supported by the following documents:
Proof of importation applies whether or not the claimant is the importer.

a. Import Entry;
b. Bill of Lading; and
c. Commercial Invoice

All applications for Duty Drawback must be supported by the following documents:
For Duty Drawback under Section 4.1.1:

i. Sales invoices or Delivery receipt;
ii. Official Receipt and any verified proof of remittance if the payment is thru bank transfers;
iii. Purchase Order;
iv. Bunkering Permit or Customs Inspector Certification or Airline Certification;
v. Bureau Computation Table using Regular Scheme;
vi. Schedule of deliveries to International Vessels or Aircrafts; and
vii. Schedule of Importation.

All applications for Duty Drawback must be supported by the following documents:

For Duty Drawback under Section 4.1.2:

i. Purchase Invoice and Delivery Receipt;
ii. Official Receipt;
iii. Bureau Computation Table using Regular Scheme;
iv. Schedule of Fuel oil Purch
v. Schedule of Importation.

All applications for Duty Drawback must be supported by the following documents:

For Duty Drawback under Section 4.1.3:

i. Export Declaration;
ii. Export Bill of Lading;
iii. Export Invoice;
iv. Shipment Information Slip;
v. Bank Credit Memo;
vi. Bureau Computation Table using Regular Scheme;
vii. Schedule of Export or Schedule of Sales or Purchases for direct and indirect exports
viii. Schedule of Raw Material Usage; and
ix. Schedule of Importation

All Claims for Duty Drawback on certain transactions shall be filed at the ________ (OSS) of the Department of Finance.

One Stop Shop Duty Drawback and Tax Refund Center

An importer may apply for refund of any duties and taxes charged in excess of the amount due, on the following circumstances:

1. When there is error in the assessment or goods declaration;
2. When the Bureau permits a change in customs procedure, in the instances of consumption to warehousing, from one where duties and taxes are paid and another where no or less duties and taxes are required to be paid;
3. Manifest clerical errors made in an invoice or entry, errors in return of weight, measure or gauge; and
4. Errors in the distribution of charges or invoices not involving question of law, which means only question of facts.

No application for refund shall be accepted if the amount of claim is less than _______. The Secretary of Finance, in consultation with the Commissioner, may adjust the minimum amount refund, taking into account the Consumer Price Index (CPI), as published by the PSA

Php5,000.00