The BIR needs to decide within 90 days, otherwise, it would be punishable,

administratively liable. So wala nang deemed inaction, wala nang deemed denial.
Kailangan sila magdecide. So kung magdecide sila neto, you still have __ days.

Now, matter of giving refund. In reading the TRAIN Law:

Refunds shall be made upon warrants drawn by the commissioner by his duly
representative without the necessity of ____ countersigned by the chairman of
COA, the provision of the Revised Administrative Code to the contrary
notwithstanding. Provided that refunds ____ is subject of post-audit by the COA.
So you do not need the authorization of the COA to give the money.

Provided, That the Department of Finance shall establish a VAT refund center in the Bureau of Internal
Revenue (BIR) and in the Bureau of Customs (BOC) that will handle the processing and granting of cash
refunds of creditable input tax.

Automatic appropriations… this is what I’m talking about. An amount equivalent to five
percent (5%) of the total value-added tax collection of the BIR and the BOC from the immediately
preceding year shall be automatically appropriated annually and shall be treated as a special account in
the General Fund or as trust receipts for the purpose of funding claims for VAT Refund.
So there is an automatic appropriation.
Provided, That any unused fund, at the end of the year shall revert to the General Fund.
So that is why dapat cash refund bond.

So let’s proceed to Invoicing requirements. For VAT purposes, it is very important

that your resibo should conform to the requirements, otherwise, your resibo is
not valid. So kung VAT registered ka, you should issue A VAT invoice for every sale, barter
or exchange of goods or properties and VAT official receipt for every lease of goods or properties, and for
every sale, barter or exchange of services
So please take note, kapag goods ang binebenta mo, anong iissue mo? INVOICE.
Kapag services naman? OR. Pag services ang pineperform mo, OR.
Let’s say sa type of business, let’s say retail or sale of motorcycles, invoice talaga
yan. Pag ikaw naman, on leasing ka, or let’s say professional, so OR.

Only VAT registered persons are required to print their TIN followed by the word
“VAT”. So kailangan man term na VAT in their invoice or their official receipts.
Said documents shall be considered as a VAT invoice kay naa may word nga VAT
or VAT official receipt.

All purchases covered by invoice receipts other than VAT invoice shall not be ____
with your income tax.
Now why is it important for you to comply with the invoicing requirement?
Remember, pag nagbebenta ka, meron kang (owed na VAT)

1.30.34