Refund remedies of EOPT
The Ease of Paying Taxes Law (EOPT) has introduced changes in claims for excess input VAT and erroneously paid taxes. The period that the BIR is mandated to act on these claims is now defined. The law is also clear on the remedies available to taxpayers in case a claim for refund is denied. But when you read the draft revenue regulations (RR) on refunds, it appears that the BIR wants to introduce additional remedies that are not provided for by law. I am afraid that this signals another vicious cycle of false hopes and dismissed judicial appeals.