Tax Alert No. 21 [Revenue Memorandum Circular (RMC) No. 39-2021 dated 18 March 2021]

Extension of the Deadline for the Filing of Applications and Suspension of the 90-Day Processing of Value-Added Tax (VAT) Refund Claims with the VAT Credit Audit Division (VCAD)

The Commissioner of Internal Revenue has issued RMC No. 39-2021 to prescribe the following:

• For claims prescribing on 31 March 2021, the deadline to file the application for VAT refund is extended until 12 April 2021; and
• For VAT refund claims that are pending with the VCAD, the 90-day period of processing is suspended following the VCAD’s temporary closure until 28 March 2021