In a 26-page decision on May 23 and made public on May 25, the CTA Third Division said the company’s sales did not qualify as zero-rated or effectively zero-rated.
The tribunal noted that the petitioner was able to file its administrative claim for refund within the two-year period prescribed by law. The tax court noted that the company was entitled to a tax exemption due to it being licensed by the Philippine Amusement and Gaming Corp.
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