Input VAT as income tax deductions

By Euney Marie Mata-Perez

Jul 18, 2019 12:16 am

Should input value-added tax (VAT) or VAT passed on by a taxpayer’s supplier of goods or services be allowed as a deduction from income tax, if the claim for refund or tax credit was denied or disallowed?

To answer that question, one has to understand the difference between income taxation and the imposition of VAT.

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