CBK Power Company Limited vs. Commissioner of Internal Revenue

AMENDED DECISION

RINGPIS-LIBAN, ].:

For resolution is Petitioner's "Motion for Reconsideration" flied on June 27, 2017, with Respondent's "Opposition (To Petitioner's Motion for Reconsideration dated 27 June 2017)" flied on July 21, 2017. Pursuant to Republic Act No. 9513 or the Renewable Energy Act of 2008 ("RA 9513"), the Court in the Decision promulgated on June 06,2017 ("Assailed Decision") denied Petitioner's claim for refund in the amount of [Php ]58,802,851.18, allegedly representing its unutilized input taxes p~tid on its local purchases and/ or importation of goods and services, capital goods and payments for services rendered by non-residents, which were all attributable to its zero-rated sales for the period January 1, 2007 to December 31, 2007 ("taxable year 2007"). The Court held that Petitioner could not have paid input taxes on its purchases of goods and services from value-added tax ("VAT") registered suppliers because such purchases are zero-rated (i.e., no output tax was paid by the suppliers, thus no input tax was shifted or passed on to Petitioner). The dispositive portion of the Assailed Decision reads: "WHEREFORE, premises considered, the Petition for Reviev.r is DENIED for lack of meri~ SO ORDERED."

In its "Motion for Reconsideration", Petitioner alleges that the Court erroneously held that its recourse for its purchases of goods and services where it paid VAT is to seek reimbursement of its alleged input VAT paid from its suppliers of goods and services, and not a claim for refund against Respondent since its purchases of local goods, properties and services are subject to zero percent (0%) VAT under RA 9513. Petitioner contends that RA 9 513 is not applicable to its claim for unutilized input taxes paid or incurred on its purchases of goods and services for the period taxable year 2007, which is all attributable to its zero-rated sales for the same period, pursuant to Sections 108(B)(7), 112(A) and 112(C) of the National Internal Revenue Code ("NIRC") of 1997. Petitioner argues that it is not a registered Renewable Energy Developer ("RE Developer") and as such, it cannot avail of the fiscal incentives under RA 9513. Furthermore, Petitioner posits that assuming without conceding that RA 9513 applies to Petitioner, Petitioner's importation of goods and payments for services rendered by non-residents are not covered by RA 9513, and should not have been disallowed. Additionally, Petitioner argues that the Supreme Court and Court of Tax Appeals cases of Coral Bcry Nickel Corporation v. Commzssioner of Internal Revenue1 are not analogous to Petitioner's case since it is not a PEZA- registered Ecozone Enterprise under Republic Act No. 7916. Lastly, Petitioner insists that solutio indebiti governs the instant case since Respondent received something that it was not entitled to. On the other hand, in his "Opposition (To Petitioner's Motion for Reconsideration dated 27 June 2017)", Respondent argues that the Court correctly ruled that Petitioner is not entitled to the issuance of a tax credit certificate ("TCC") for unutilized input VAT in the amount of Php58,802,851.18, allegedly representing its unutilized input taxes on its local purchases and/ or importation of goods and services, capital goods and payments for services rendered by non-residents; that the Court emphasized in the Assailed Decision that as an RE developer, Petitioner is entitled to zero-rated VAT on its purchases of local supply of goods, properties and services needed for the development, construction and installation of its plant facilities and to the whole process of exploring and developing renewable energy sources up to its conversion into power, and consequently, no output VAT shall be shifted to or passed on to RE developers, such as Petitioner, in connection with the above- mentioned purchases; that applying the Supreme Court cases of Contex Corporation v. Commzssioner of Internal Revenur? and Coral Bcry Nickel Corporation v. ~ 2 G.R. No. 190506, June 13, 2016; CTA EB No. 403, May 29, 2009; CTA Case No. 7022, March 10, 2008.

G.R. No. 151135, July 02, 2004. ®

Commissioner of Internal Revenur?, it is the Petitioner's suppliers who are the proper parties to claim the tax credit and accordingly refund the Petitioner of the VAT erroneously passed on to the latter; and that all told, Petitioner did not present any compelling ground to justify the reversal of the subject Decision. After taking a second hard look at the factual circumstances and the pertinent legal issues of this case, We find merit in Petitioner's "Motion for Reconsideration".

As mentioned in the Decision sought to be reconsidered, Petitioner must prove that it complied with all the requisites under Section 112(A) of the NIRC of 1997, in order to be entitled to the issuance of a TCC for unutilized input VAT on its local purchases and/ or importation of goods and services, capital goods and payments for services rendered by non-residents. Said requisites are as follows:

1) The taxpayer is VAT -registered; 2) The taxpayer's sales are zero-rated or effectively zero-rated; 3) The creditable input taxes are attributable to zero-rated sales or effectively zero-rated sales and were not applied against any output VAT liability; and 4) The administrative and judicial claim for refund must be timely flied.

In the Assailed Decision, We already held that the first, second and fourth requisites above were complied with. To reiterate: a) Petitioner's administrative and judicial claims were timely flied4, the fourth requisite; b) Petitioner was able to prove the first requisite that it is a VAT- registered entity5; and c) Petitioner was also able to prove the second requisite that it is engaged in the sale of electricity generated through hydropower which is subject to zero percent (0%) VAT.6 However, as verified by this Court, not all sales/receipts of Petitioner qualify for VAT zero-rating pursuant to Section 1 08(B) (7) of the NIRC of 1997. In its Quarterly VAT Returns for taxable year 2007, Petitioner reflected a total amount of Php5, 7 42,54 7,292.51 zero-rated sales/ receipts, broken down as follows:~ 3 4 6 G.R. No. 190506, June 13, 2016. Decision, Docket, pp. 1323-1325. Decision, Id., pp. 1312. Decision, Id., pp. 1325-1328. ®

Exhibit “BB-2-0001” to “BB-2-0002” “BB-4-0002” to “BB-4-0003” Taxable Period | Zero-Rated Sales/ Receipts Php 1,516,247,611.76 1,460,861,709.16 2.4 Quarter “BB-6-0002 to “BB-6-0003” 3° Quarter 1,429,445,161.17 “BB-8-0002” to “BB-8-0003” 4th Quarter 1,335,992,810.42 Php 5,742,547,292.51 However, the Court-commissioned Independent CPA (“ICPA”) noted a total amount of Php6,794,522.94 discrepancy between sales per invoices and those per official receipts, detailed as follows: ’

Invoice Exhibit | No. | Amount In USD

“T1-00034” 1136

“11-00067” 2,172,210.00 “T1-00068” 11,437,407.36 “11-00069” 2,195,950.00 “T1-00072” 1,156,240.64 “[1-00074” | 1177 “T]-00075” 1,156,240.64 “T1-00076” 11,562,406.35 “T1-00077” 219,595.00 130,570.00 “MM-175” “MM-222” Official Receipt Difference | Rate | In PHP 1839 1922 11,422,391.80 20,000.00 | error in invoice amount “MM-18” 11,442,391.80 | “MM-73” 1994 receivables written-off 5,832.55 48.122 280,673.97 2,166,377.45 “MM-40” “MM-104” “MM-176” “MM-212” “MM-179” “MM-201” “MM-43” “MM-72” “MM-178” “MM-201” “MM_44” “MM-72” “MM-41” “MM-90” “MM- 180” “MM-201” || 30,710.31 11,406,697.05 receivables written-off 1890 1968 2,185,372.00 10,578.00 48.122 509,034.52 | receivables written-off 1893 1945 212,445.38 7,149.62 48.122 344,054.01 | receivables written-off 1883 1921 1,117,056.08 39,184.56 | receivables written-off 1892 1945 212,153.01 7,441.99 48.122 358,123.44 | receivables written-off 1884 1921 1,118,595.50 37,645.14 | receivables written-off 1881 1969 11,506,709.68 55,696.67 | receivables written-off 3,266.27 48.122 157,179.45 127,303.73 receivables written-off “11-00078”

“T1-00079” 1183

“T1-00080” 1184

687,494.43 130,570.00 687,494.43

1185 11,870.00

“MM-45” “MM-72” “MM- 181” “MM-201” “MM-46” “MM-72” “MM-182” “MM-201” “T1-00085”_| 1189 2,172,210.00 “IT-00086” 11,379,052.53 “[1-00087” 2,195,950.00 “T1-00088” 62,499.49 11,503,413.76 “MM-47” “MM-72” “MM- 184” “MM-52” “MM-104” “MM- 185” “MM-59” “MM-90” receivables written-off 17,197.98 670,296.45 1895 1945 127,273.04 3,296.96 158,656.31 | receivables written-off 1886 1921 670,134.82 17,359.61 | reccivables written-off 1896 9,562.06 2,307.94 48.122 111,062.69 | receivables written-off 50,347.40 ft 12,152.09 2,166,377.45 5,832.55 47.449 276,748.66 1945 1887 receivables written-off 1927 1994 receivables written-off 1901 1992 11,348,498.90 30,553.63 | receivables written-off 1928 1968 1908 2,185,372.16 10,577.84 47.449 501,907.93 receivables written-off receivables written-off “11-00091” 219,595.00 <“MM- “11-0092” | 1196 1,150,341.38 |_“MM-58” “T1-00093”_|_1197 219,595.00 “MM- “T1-00094” | 1198 1,150,341.38 | “MM-54” 7 Exhibit NN.

receivables written-off receivables written-off 212,153.01 1907 | 1,111,356.74 | TT 38,984.64 1931 1903 | 7,112,88831 | | 87,453.07 | receivables written-off 11,448,001.25 55,412.51 receivables written-off

@ MUU

Exhibit "II-00095" "II-00096" "II-00097" "II-00098" "II-00099" "II-00100" "II-00103" "II-00104" "II-00105" "II-00107" "II-00121" "II-00122" "II-00123" "II-00124" "II-00139" "II-00140"

Invoice No.

Anwunt 1199 130,570.00 1200 683,986.76 1202 683,986.76 1203 11,870.00 1204 62,180.61 1201 130,570.00 1207 2,172,210.00 1208 11,173,193.06 1209 2,195,950.00 1210 11,295,304.46 1225 2,172,210.00 1226 11,265,866.46 1228 2,195,950.00 1229 11,388,990.68 1244 2,172,210.00 1245 11,080,996.30 Exhibit "MM- 189" "MM-55" "MM-57" "MM-57" "MM- "MM-56" "MM- 190" "MM- 193" "MM-75" "MM-104" "MM- 194" "MM-70" "MM-90" "MM- 204" "MM-81" "MM-104" "MM- 205" "MM-82" "MM-106" "MM- "MM-96" Official Receipt Difference No.

Amount InUSD Rate InPHP Nature 1932 1933 124,256.89 6,313.11 47.449 299,550.76 receivables written-off 1904 1906 650,915.75 33,071.01 receivables written-off 1906 666,715.73 17,271.03 receivables written-off 1934 1,774.80 10,095.20 47.449 479,007.14 receivables written-off 1905 9,297.25 52,883.36 receivables written-off 1933 1932 127,273.04 3,296.96 47.449 156,437.45 receivables written-off 1936 1994 2,166,377.45 5,832.55 45.922 267,842.36 receivables written-off 1924 1992 11,143,192.18 30,000.88 receivables written-off 1937 1968 2,185,372.00 10,578.00 45.922 485,762.92 receivables written -off 1919 1969 11,240,894.43 54,410.03 receivables written-off 1959 1994 2,166,377.45 5,832.55 46.222 269,592.13 receivables written-off 1950 1992 11,235,616.75 30,249.71 receivables written-off 1960 2019 2,185,372.00 10,578.00 46.222 488,936.32 receivables written-off 1951 2004 11,334,129.36 54,861.32 receivables written-off 1981 2,166,377.45 5,832.55 45.048 262,744.71 receivables written-off 1975 11,051,242.98 29,753.32 receivables written-off Total 6, 794,522.94 The ICPA indicated that the Php6,794,522.94 discrepancy pertains to receivables written-off save for the amount of Php20,000.00 which pertains to an error in the invoice amount. However, the Court cannot ascertain the veracity of the !CPA's finding without the supporting documents. Hence, for being unsupported, the amount of Php6, 794,522.94 shall be denied of VAT zero- rating.

Therefore, only sales totaling to Php5,735,752,769.57, as computed below, are subject to zero percent (0%) VAT pursuant to Section 1 08(B) (7) of the NIRC of 1997, as amended:

Total declared zero-rated sales/ receipts per VAT returns Php 5,742,547,292.51 Less: Disallowances per this Court's verification 6,794,522.94 Total valid zero-rated sales/receipts Php 5,735,752,769.57 With regard to the third requisite, (i.e., that the creditable input taxes are attributable to zero-rated sales or effectively zero-rated sales and were not applied against any output VAT liability), the Court deems that its prior conclusion in the Assailed Decision merits reconsiderati~ ~

The Court agrees with the Petitioner that RA 9513 does not apply in the instant case, which is a claim for taxable year 2007. RA 9 513 was approved only on December 16, 2008, and took effect fifteen (15) days after its publication in at least two (2) newspapers of general circulation.8 Accordingly, RA 9513 cannot be made applicable for claims prior to its effectivity. Hence, after having resolved that Petitioner had VAT zero-rated sales/receipts for the subject period of claim, we proceed to the determination of whether Petitioner incurred input taxes in connection thereto and if said input taxes were not applied against any output VAT liability of Petitioner. For taxable year 2007, Petitioner reported input VAT in the total amount of Php59, 116,694.23, as broken down below: tst Quarter znd Quarter 3rd Quarter 41h Quarter "BB-2-001" to "BB-4-002" to "BB-6-002" to "BB-8-002" to "BB-2-002" "BB-4-003" "BB-6-003" "BB-8-003" Total Deferred on capital goods exceeding P1Million from Php previous quarter 7,088,923.74 Php 7,525,499.50 Php 7,294,079.65 Php6,805,042.78 Php 7,088,923.74 Purchase of capital goods not exceeding Php1Million - - - 71,441.58 71,441.58 Purchase of capital goods exceeding Php1Million 888,733.71 252,447.95 - - 1,141,181.66 Domestic purchases of goods other than capital goods 1,498,009.98 6,265,54 7.38 4,757,254.45 2,897,263.08 15,418,074.89 Importation of goods other than capital goods 318,514.00 145,810.00 5,485,743.78 3,934,822.00 9,884,889.78 Domestic purchase of semces 6, 707,524.18 7,105,059.21 7,299,428.67 9,338,859.16 30,450,871.22 Services rendered by non- residents 435,361.82 498,280.99 62,116.07 381,558.38 1,377,317.26 Less: Purchases of capital goods exceeding P1Million deferred for the succeeding period 7,525,499.50 7,294,079.65 6,805,042.78 6,316,005.90 6,316,005. 90 Total Php12,154,617.76 Php26,653,183.14 P~p44,746,762.98 Php3,056,892.88 Php59,116,694.23 Of the Php59,116,694.23 declared input VAT, Petitioner seeks the refund of a lesser amount of Php58,802,851.18, reconciled as follows: Total input VAT per returns Php 59,116,694.23 Less: Input tax not included in claim for VAT refund/TCC in 2007, since these are not included in the pertinent Summary List of Purchases 313,843.02 Total Claim for Refund I TCC Php 58,802,~51.18 Since Petitioner's reported sales were all zero-rated, the claimed input VAT of Php58,802,851.18 is entirely attributable thereto and the same was not applied against any output V ATY 8 Section 40 of Republic Act No. 9513. ®

Further, the total claim of Php58,802,851.18 was deducted from the total available input tax reflected in Petitioner's amended Quarterly VAT Return for the fourth quarter of taxable year 2007. Consequently, the subject claim no longer formed part of the excess input VAT of Php3,056,892.88 as of the fourth quarter of taxable year 2007, which was carried over to the succeeding quarter. Based on the ICP A's report, the following input VAT shall be disallowed for non-compliance with the substantiation requirements under Sections 110(A) and 113(A) and (B), 237, and 238 of the NIRC of 1997, as amended, in relation to Sections 4.110-1,4.110-2,4.110-8 and 4.113-1 of Revenue Regulations No. 16-05, as amended:

Exhibit Findings Amount Input tax on domestic purchase of goods supported by DD-4 documents other than a VAT invoice Php 91,016.62 Input tax on domestic purchase of goods supported by a DD-6 VAT invoice but not an original copy 530,628.77 Input tax on domestic purchase of goods supported by a VAT invoice not issued in the name of the Petitioner. However, the corresponding supporting VAT ORs for these DD-7 purchases were issued in the name of Petitioner. 1,776.43 Input tax on domestic purchase of goods supported by a VAT Invoice issued in the name of CBK only. However, of this amount, Php29,543.78 are supported by VAT ORs issued in the name of CBK Power Co. Ltd, and Php6,638.46 are supported by VAT ORs issued in the name of CBK DD-8 Power Company.

63,478.99 Input tax on domestic purchase of goods supported by TIN sales mvo1ce, TAN-VAT sales mvo1ce with DD-9 stamped/handwritten TIN number 24,507.43 Domestic purchase of goods supported by a VAT invoice DD-10 but without invoice date 259,347.57 Input tax on domestic purchase of goods supported by a DD-11 VAT invoice but not dated within the VAT -taxable year 6,066.05 Input tax on domestic purchase of goods supported by a DD-12 VAT invoice but is not BIR-registered 251,795.42 DD-16 Double claiming of input tax on domestic purchase of goods 623.44 Input tax on domestic purchase of services supported by documents other than a VAT official receipt. These are either supported by a TIN VAT invoice, statement of DD-17 account or provisional receipt. 355,672.92 Input tax on domestic purchase of service supported by a DD-19 VAT OR but not an original copy 2,898.90 Input tax on domestic purchase of service supported by a DD-20 VAT OR not issued in the name of Petitioner 2,357.24 Input tax on domestic purchase of services supported by a VAT OR issued in the name of CBK only. However, of this amount, Php157,237.04 are also supported by VAT invoices and billing statements issued in the name of CBK Power 530,783.221 DD-21 Company Ltd., and Php516.z?_ are also supported by VAT ~ ~

Exhibit Findings invoices/statement of accounts issued in the name of CBK Power Co.

Input tax on domestic purchase of services supported by a TIN NV OR with stamped "TIN VAT"; Non VAT Reg DD-22 TIN OR with stamped "TIN VAT" or "VAT registered" Input tax on domestic purchase of services supported by TIN OR only, OR only; OR with stamped TIN VAT; DD-23 stamped TIN VAT OR Input tax on domestic purchase of service supported by a DD-24 VAT OR but without OR date Input tax on domestic purchase of service supported by DD-25

"ZERO-RATED" VAT OR

Input tax on domestic purchase of service supported by a DD-26 VAT OR not dated within the VAT-taxable year Input tax on domestic purchase of service supported by a DD-27 VAT OR but is not BIR-registered Input tax on domestic purchase of service supported by a VAT OR with alterations in the date written in the OR DD-28 without counter signature Double claiming of input VAT on domestic purchase of DD-31 semces Input tax on domestic purchase of service supported by a VAT OR. However, the sentence "This is not a source of DD-32 input tax." is printed in the VAT OR. Input tax on importation of goods supported by documents DD-33 other than an original copy of the IEIRD and BOC OR Input tax on importation of goods supported by an original DD-34 copy of LBP OR and a PHOTOCOPY OF IEIRD Input tax on importation of goods supported by original DD-35 copy ofBOC/LBP OR ONLY without IEIRD DD-37 Supporting documents not yet available Overclaimed input tax on domestic purchases of goods/ services due to erroneous computation (i.e., DD-38 arithmetical error) Overclaimed portion of input tax arising from forex rate used on foreign currency denominated purchases of goods DD-40 and services Total Amount I 392,27 4.26 I 362,563.19 I I 14.09 35,130.86 7,444.33 6,958.75 65,699.18 62.40 96.00 1,022,183.00 6,903,466.74 96,636.04 176,212.37 27,120.54 205,548.53 Php11,422,363.~ Further scrutiny of the suppliers' invoices and official receipts discloses that the following input VAT in the total amount of Php6,200,578.92 shall likewise be disallowed for failure to meet the substantiation requirements under the aforesaid VAT law and regulations: Invoice/ Disallowed Exhibit O.R.No.

Date Vendor Input VAT

1. Input VAT not separately indicated in the invoice/ o.fficial receipt "CC-010014" SXL-021732 18-Jan-07 Digital Tel. Phils., Inc. 61.91 "CC-010016" SXL-021733 18-Jan-07 Digital Tel. Phils., Inc. 137.56 "CC-010018" SXL-021734 18-Tan-07 Digital Tel. Phils., Inc. 494.25 "CC-010091" 000004234 19-Jan-07 Phil. Long Distance Tel. Co. 161.35 "CC-010093" 000004235 19-Jan-07 Phil. Long Distance Tel. Co. 404.92 "CC-010095" 000004236 19-Jan-07 Phil. Long Distance Tel. Co. 254.06 "CC-010099" 000004238 19-Jan-07 Phil. Long Distance Tel. Co. 373.03 ~ ~

Invoice/ Exhibit O.R.No.

"CC-010101" 000004239 "CC-010103" 000004240 "CC-010105" 000004241 "CC-010107" 000004242 "CC-010109" 000005223 "CC-010111" 000005335 "CC-010113" 000005336 "CC-010115" 000005337 "CC-010117" 000005338

"CC-01 0119"

000005339

"CC-01 0121"

000005340 "CC-010123" 000005341 "CC-010125" 000005224 "CC-010097" 000004237 "CC-010079" 100849 "CC-010088" 6055 "CC-010139" 143241 "CC-010141" 143251 "CC-010200" 5013122 "CC-010203" 5012498 "CC-010286" 000002737 "CC-010284" 000002738 "CC-010288" 000002739 "CC-010290" 000002740 "CC-010294" 000002742 "CC-010296" 000002743 "CC-010298" 000002744 "CC-010302" 000002745 "CC-010300" 000002746 "CC-010304" 000002747 "CC-010306" 000002748 "CC-010308" 000002749 "CC-010310" 000002750 "CC-010312" 000002751 "CC-010314" 000002752 "CC-010316" 000002753 "CC-010323" 0068 "CC-010292" 000002741 "CC-010218" 1849 "CC-010231" 0343 "CC-010258" 71890 "CC-010260" 1438 "CC-010280" 0509 "CC-010260" 100430 "CC-010336" 143106 "CC-010338" 143158 "CC-010344" 118693 "CC-010356" 13881 "CC-010347" 118921 "CC-010385" TM17202 "CC-010318" 17008 "CC-020016" SXL-022789 "CC-020018" SXL-022790 "CC-020021" SXL-022791 "CC-020104" 000007648 "CC-020112" 000007714 "CC-020114" 000007715 "CC-020116" 000007716 "CC-020118" 000007717 "CC-020120" 000007718 "CC-020122" 000007719 "CC-020124" 000007720 "CC-020126" 000007721 Date 19-Jan-07 19-Jan-07 19-Jan-07 19-Jan-07 30-Jan-07 31-Jan-07 3Han-07 31-Tan-07 31-Jan-07 31-Jan-07 31-Jan-07 31-Jan-07 30-Tan-07 19-Tan-07 2-Feb-07 25-Jan-07 19-Jan-07 22-Jan-07 7-Feb-07 9-Tan-07 9-Jan-07 9-Jan-07 9-Jan-07 9-Tan-07 9-lan-07 9-Jan-07 9-Jan-07 9-Jan-07 9-Jan-07 9-Tan-07 9-Tan-07 9-Jan-07 9-Jan-07 9-Jan-07 9-Jan-07 9-Tan-07 16-Jan-07 9-Jan-07 12-Jan-07 12-Jan-07 19-Tan-07 20-Jan-07 11-Jan-07 3-Jan-07 4-Jan-07 6-Jan-07 5-Jan-07 10-Jan-07 24-Jan-07 29-Jan-07 23-Feb-07 16-Feb-07 16-Feb-07 16-Feb-07 22-Feb-07 22-Feb-07 22-Feb-07 22-Feb-07 22-Feb-07 22-Feb-07 22-Feb-07 22-Feb-07 22-Feb-07 Disallowed Vendor Input VAT Phil. Long Distance Tel. Co. 292.02 Phil. Long Distance Tel. Co. 267.29 Phil. Long Distance Tel. Co. 358.04 Phil. Long Distance Tel. Co. 6,604.39 Phil. Long Distance Tel. Co. 3,375.60 Phil. Long Distance Tel. Co. 208.66 Phil. Long Distance Tel. Co. 139.76 Phil. Long Distance Tel. Co. 122.80 Phil. Long Distance Tel. Co. 357.15 Phil. Long Distance Tel. Co. 449.10 Phil. Long Distance Tel. Co. 228.90 Phil. Long Distance Tel. Co. 158.13 Phil. Long Distance Tel. Co. 864.00 Phil. Long Distance Tel. Co. 269.77 Pagsanjan Rapids Hotel, Inc. 2,988.24 Personal Security Systems, Inc. 20,442.74 Tamaraw Security Service, Inc. 3,150.00 Tamaraw Security Service, Inc. 88,418.03 Sycip Salazar Hernandez & Gatmaitan 52,096.18 Sycip Salazar Hernandez & Gatmaitan 50,953.92 Phil. Long Distance Tel. Co. 180.23 Phil. Long Distance Tel. Co. 339.89 Phil. Long Distance Tel. Co. 293.27 Phil. Long Distance Tel. Co. 163.84 Phil. Long Distance Tel. Co. 151.23 Phil. Long Distance Tel. Co. 122.80 Phil. Long Distance Tel. Co. 262.23 Phil. Long Distance Tel. Co. 284.63 Phil. Long Distance Tel. Co. 270.16 Phil. Long Distance Tel. Co. 212.13 Phil. Long Distance Tel. Co. 322.58 Phil. Long Distance Tel. Co. 260.30 Phil. Long Distance Tel. Co. 204.74 Phil. Long Distance Tel. Co. 157.03 Phil. Long Distance Tel. Co. 4,383.47 Phil. Long Distance Tel. Co. 3,375.60 Rejoice Tyre Gallery & Auto Center 219.64 Phil. Long Distance Tel. Co. 287.47 Counterflow Movers, Inc. 9,514.32 Frontken Philippines, Inc. 480.00 Intertek Testing Services Phils. 10,651.09 K-Lite Systems Innovations, Inc. 1,178.57 Nu-Print Philippines 2,250.00 Pagsanjan Rapids Hotel, Inc. 1,599.10 Tamaraw Security Service, Inc. 40,950.00 Tamaraw Security Service, Inc. 88,451.75 Toyota Batangas City, Inc. 52.80 Welltech Service Corporation 375.00 Toyota Batangas City, Inc. 91.20 Toyota Makati, Inc.

122.40 Rapide Auto Service Center 264.38 Digital Tel. Phils., Inc. 61.53 Digital Tel. Phils., Inc. 117.32 Digital Tel. Phils., Inc. 326.89 Phil. Long Distance Tel. Co. 864.00 Phil. Long Distance Tel. Co. 148.38 Phil. Long Distance Tel. Co. 270.60 Phil. Long Distance Tel. Co. 128.69 Phil. Long Distance Tel. Co. 119.92 Phil. Long Distance Tel. Co. 343.50 Phil. Long Distance Tel. Co. 478.23 Phil. Long Distance Tel. Co. 526.09 Phil. Long Distance Tel. Co. 271.15 ~ ~

Invoice/ Exhibit O.R.No.

11CC-020128 11 000007722 11CC-020130 11 000007723 11CC-020132 11 000007724 11CC-020134 11 000007725 11CC-020136 11 000007726 11CC-020106 11 000007711 11CC-020109 11 000007712 11CC-020110 11 000007713

11CC-020001 II

74391 11CC-020014 11 806003A IICC-020032 11 40801 11CC-020080 11 14914 11CC-020184 11 121270 IICC-020080 11 124101

11CC-020191 II

17288 11CC-020193 11 116265 11CC-020197 11 38880 11CC-020078 11 46490 11CC-020060 11 35470 11CC-020141 11 17009 IICC-030009 11 0006 11CC-030153 11 000010795 11CC-030155 11 000010796 11CC-030157 11 000010797 IICC-030159 11 000010798

11CC-030161 II

000010799 11CC-030163 11 000010807 11CC-030165 11 000010808 11CC-030167 11 000010800 11CC-030169 11 000010801

IICC-030171 II

000010802

IICC-030173 II

000010803 11CC-030175 11 000010804 11CC-030177 11 000010705 IICC-030179 11 000010616 IICC-030183 11 3293 11CC-030147 11 000010792 "CC-030149 11 000010793

11CC-030151 II

000010794 11CC-030007 11 09909 11CC-030018 11 008067 11CC-030020 11 008068 IICC-030022 11 008069 IICC-030137 11 6374 11CC-030206 11 143678 "CC-030212 11 143677 11CC-030224" 6214 11CC-030227 11 124102 11CC-030235 11 39076

11CC-030291 II

041412 11CC-030244 11 40861

11CC-0301 01 II

48461 11CC-030099 11 47240 11CC-030014 11 16436 "CC-030089 11 4088 "CC-030185 11 0085 IICC-030188 11 0086 IICC-040014 11 SXL-024701 11CC-040018 11 SXL-024703 "CC-040104 11 000014105 11CC-040106 11 000014104 11CC-040108 11 000014106 11CC-040110 11 000014107 Date 22-Feb-07 22-Feb-07 22-Feb-07 22-Feb-07 22-Feb-07 22-Feb-07 22-Feb-07 22-Feb-07 26-Mar-07 20-Feb-07 2-Mar-07 6-Mar-07 23-Feb-07 26-Mar-07 1-Mar-07 9-Feb-07 15-Feb-07 22-Feb-07 23-Feb-07 23-Feb-07 19-Mar-07 22-Mar-07 22-Mar-07 22-Mar-07 22-Mar-07 22-Mar-07 22-Mar-07 22-Mar-07 22-Mar-07 22-Mar-07 22-Mar-07 22-Mar-07 22-Mar-07 22-Mar-07 21-Mar-07 23-Mar-07 22-Mar-07 22-Mar-07 22-Mar-07 26-Mar-07 21-Mar-07 21-Mar-07 21-Mar-07 29-Mar-07 20-Mar-07 27-Mar-07 28-Mar-07 26-Mar-07 15-Mar-07 21-Mar-07 19-Mar-07 20-Mar-07 28-Mar-07 12-Apr-07 11-Apr-07 2-Apr-07 2-Apr-07 18-Apr-07 18-Apr-07 25-Apr-07 25-Apr-07 25-Apr-07 25-Apr-07 Disallowed Vendor Input VAT Phil. Long Distance Tel. Co. 228.41 Phil. Long Distance Tel. Co. 405.36 Phil. Long Distance Tel. Co. 236.50 Phil. Long Distance Tel. Co. 172.15 Phil. Long Distance Tel. Co. 7,110.55 Phil. Long Distance Tel. Co. 133.03 Phil. LongDistance Tel. Co. 307.10 Phil. Long Distance Tel. Co. 239.80 City Service Corporation 45,131.34 DHL Express (Philippines) Corp. 644.74 Fujitsu Philippines, Inc. 7,476.00 La Corona De Pagsanjan Resort 2,780.76 Toyota Batangas City, Inc. 52.80 Toyota Batangas Ci!Y, Inc. 969.60 Watson Wyatt Philippines, Inc. 300.00 Airfreight 2100, Inc. 5.47 Best Travel 52.61 Intellicare 53.17 Santos Telephone Corp. 235.71 Rapide Auto Service Center 51.22 Coledan Engineering 21,120.00 Phil. Long Distance Tel. Co. 195.82 Phil. Long Distance Tel. Co. 218.82 Phil. Long Distance Tel. Co. 130.23 Phil. Long Distance Tel. Co. 119.27 Phil. Long Distance Tel. Co. 776.83 Phil. Long Distance Tel. Co. 342.15 Phil. Long Distance Tel. Co. 521.04 Phil. Long Distance Tel. Co. 210.85 Phil. Long Distance Tel. Co. 289.97 Phil. Long Distance Tel. Co. 654.52 Phil. Long Distance Tel. Co. 285.22 Phil. Long Distance Tel. Co. 137.27 Phil. Long Distance Tel. Co. 864.00 Phil. Long Distance Tel. Co. 5,151.30 Reign-Nan Sales Industry 42,000.00 Phil. Long Distance Tel. Co. 301.19 Phil. Long Distance Tel. Co. 309.27 Phil. Long Distance Tel. Co. 359.37 Ben Calibration Service Center 203.57 Digital Tel. Phils., Inc. 61.19 Digital Tel. Phils., Inc. 107.43 Digital Tel. Phils., Inc. 441.00 Personal Security Systems, Inc. 40,931.88 Tamaraw Security Service, Inc. 90,092.68 Tamaraw Security Service, Inc. 90,047.65 TCS Manpower Services, Inc. 25,568.35 Toyota Batangas City, Inc. 158.40 Best Travel 52.34 Viking Cars, Incorporated 127.93 Fujitsu Philippines, Inc. 81,875.11 Intellicare 41.36 Intellicare 82.71 Copy Quest Corporation 8,928.00 Hearth & Hastings Phils., Inc. 2,475.00 Rejoice Tyre Gallery & Auto Center 133.93 Rejoice Tyre Gallery & Auto Center 37.50 Digital Tel. Phils., Inc. 60.55 Digital Tel. Phils., Inc. 341.77 Phil. Long Distance Tel. Co. 3,375.60 Phil. Long Distance Tel. Co. 864.00 Phil. Long Distance Tel. Co. 139.40 Phil. Long Distance Tel. Co. 572.06 ~ ® | Invoice / Disallowed Exhibit O.R. No. Date Vendor __| Input VAT 000014123 25-Apr-07 _| Phil. Long Distance Tel. Co. — 315.32 "CC-040114" 000014108 25-Apr-07 _| Phil. Long Distance Tel. Co. 205.56 "Cc-040116" [000014109 | 25-Apr-07 _ | Phil. Long Distance Tel. Co. ft 184.02 25-Apr-07 _| Phil. Long Distance Tel. Co. 133.47 000014111 25-Apr-07 | Phil. Long Distance Tel. Co. 118.15 "CC-040122" Phil. Long Distance Tel. Co. 563.02 "CC-040124" 000014113 25-Apr-07 _| Phil. Long Distance Tel. Co. 548.96 "CC-040126" 000014114 | 25-Apr-07 Phil. Long Distance Tel. Co. 723.37 "CC-040128" 000014115 25-Apt-07 _| Phil. Long Distance Tel. Co. to 232.83 25-Apr-07_| Phil. Long Distance Tel. Co. 450.63 "CC-040132" 000014117 25-Apr-07 Phil. Long Distance Tel. Co. 583.11 "CC-040134" 000014118 25-Apr-07 _| Phil. Long Distance Tel. Co. _ 257.68 "CC-040136" 000014119 25-Apr-07 Phil. Long Distance Tel. Co. 145.98 "CC-040138" 000014120 25-Apr-07 Phil. Long Distance Tel. Co. 7,936.91 "CC-040002" 3697 15-May-07 _| Berkman Systems, Inc. 10,440.00 "CC-040004" 755461 16-May-07 _| City Service Corporation 46,152.96 "CC-040026" 126515 10-May-07 | Functional Inc. 234.65 "CC-040045" 47941 18-Apr-07 High Grip Auto Center 85.71 Marvelous Bodyguards & Defenders Secunty "CC-040071" 0402 8-May-07__|_Agenc _ 16,860.84 "CC-040092" 13933 23-Apr-07 Neville-Clarke Philippines, Inc. —_ 1,680.00 "CC-040095" 102002 30-Apr-07 Pagsanjan Rapids Hotel, Inc. 3,499.89 "CC-040097" 29807 10-May-07 Palmer-Asia, Inc. | 5,943.30 "CC-040140" 1304 27-Apr-07 | Questronix Corporation 2,400.00 "CC-040142" 0088 20-Apr-07 _| Rejoice Tyre Gallery & Auto Center 278.57 | “CC-040144" 0686 19-Apr-07 _| Rizalnet Enterprises 306.43 "CC-040156" 69099 18-Apr-07 SFM Sales Corporation 244,28 "CC-040159" 69098 18-Apr-07 _| SFM Sales Corporation "CC-040162" 143919 24-Apr-07 Tamaraw Security Service, Inc. 17,550.00 | "CC-040174" 124362 18-Apr-07 Toyota Batangas City, Inc. 66.00 "CC-040178" 0249 11-May-07 | Water-Lite Engineerin 1,821.43 "CC-040180" 121778 13-Apr-07 Aurfreight 2100, Inc. 11.74 "CC-040186" 127271 15-May-07 _| Airfreight 2100, Inc. 17.46 "CC-040190" 121795 20-Apr-07 __| Airfreight 2100, Inc. 8.08 "EC.040245" | 22 12-Apr-07 Tai Chi Hui 119,520.00 "CC-040247" 29123 29-May-07 | Toyota Makati, Inc. "CC-040249" 28996 Toyota Makati, Inc. 168.00 | 8-May-07 Intellicare 164.03 "CC-040058" 15091 3-May-07 La Corona De Pagsanjan Resort 2,441.04 15092 La Corona De Pagsanjan Resort 510.00 "CC-040152" 35861 25-Apr-07 | Santos Telephone Corp. 235.71 "CC-040204" Fujitsu Philippines, Inc. 20,483.01 | "CC-040244" Marsh Philippines, Inc. 875,610.00 "CC-050011" | SXL-025922 igital Tel. Phils., Inc. 59.86 "CC-050015" | SXL-025924 Digital Tel. Phils., Inc. 384.30 "CC-050151" 000018088 Phil. Long Distance Tel. Co. 156.94 "CC-050153" 000018089 Phil. Long Distance Tel. Co. 257.14 "CC-050155" 000018090 8-Jun-07 Phil, Long Distance Tel. Co. 120.87 "CC-050157" 000018091 8-Jun-07 Phil. Long Distance Tel. Co. 1 19.77 | "CC-050159" 000018092 8-Jun-07 Phil. Long Distance Tel. Co. 440.20 | "CC-050161" 000018093 8-Jun-07 Phil. Long Distance Tel. Co. 432.16 "CC-050163" 000018094 _8-Jun-07 Phil. Long Distance Tel. Co. 493.32 "CC-050165" 000018095 8-Jun-07 Phil. Long Distance Tel. Co. 173.93 | "CC-050167" | 000018096 8Jun-07 | Phil Long Distance Tel. Co. _ 448.45 | "CC-050169" | 000018097 Phil. Long Distance Tel. Co. 435.60 | "CC-050171" 000018098 8-Jun-07 Phil. Long Distance Tel. Co. — 234.74 "CC-050173" 000018099 _8-Jun-07 Phil. Long Distance Tel. Co. |. 143.77 000018100 8-Jun-07 __| Phil. Long Distance Tel. Co. 5,368.85 | "CC-050177" 8-Jun-07 __| Phil. Long Distance Tel. Co. [ 3,375.60 "CC-050179" 000017994 8-Jun-07 Phil. Long Distance Tel. Co. 864.00 "CC-050292" 8-Jun-07 PLDT 3,593.29 "CC-050145" 000018085 8-Jun-07 Phil. Long Distance Tel. Co. 143.96 "CC-050147" 000018086 8-Jun-07 Phil. Long Distance Tel. Co. 396.93 ay (Yr CfA CASE NO. 7887 Invoice/ Exhibit O.R.No.

"CC-050149" 000018087 "CC-050008" 017646 "CC-050024" 0305 "CC-050028" 2497 "CC-050098" 15174 "CC-050101" 15175 "CC-050103" 15455 "CC-050349" 3745 "CC-050126" 4205 "CC-050130" 6580 "CC-050135" 6658 "CC-050140" 6708 "CC-050214" 131508 "CC-050216" 131535 "CC-050227" 39445 "CC-050229" 368401 "CC-050231" 39444 "CC-050303" 29829 "CC-050096" 50768 "CC-050186" 36260 "CC-050196" 144178 "CC-050240" 0362 "CC-050242" 0371 "CC-050108" 0017 "CC-060011" SXL-027194 "CC-060015" SXL-027196 "CC-060111" 1899 "CC-060126" 000020009 "CC-060128" 000020008 "CC-060130" 000020010 "CC-060132" 000020011 "CC-060134" 000020012 "CC-060136" 000020013 "CC-060139" 000020014 "CC-060141" 000020015 "CC-060143" 000020016 "CC-060145" 000020017 "CC-060147" 000020018 "CC-060149" 000020019 "CC-060151" 000020020 "CC-060153" 000020021 "CC-060155" 000020022 "CC-060157" 000020023 "CC-060159" 000020024 "CC-060161" 000020025 "CC-060236" 0207 "CC-060447" 0517 "CC-060446" 16566 "CC-060337" 1631 "CC-060001" 0611 "CC-060064" 342 "CC-060066" 4163 "CC-060099" 49674 "CC-060105" 2670 "CC-060120" 102472 "CC-060124" 3443 "CC-060163" 3485 "CC-060165" 0097 "CC-060207" 14404 "CC-060213" 14405 "CC-060225" 6407 "CC-060228" 6408 "CC-060244" 0279 Date 8-Jun-07 5-Jun-07 7-Jun-07 8-Jun-07 7-Jun-07 7-Jun-07 18-Jun-07 17-May-07 24-May-07 29-May-07 8-Jun-07 21-Jun-07 4-Jun-07 12-Jun-07 11-May-07 10-May-07 11-May-07 18-Jul-07 18-May-07 25-May-07 28-May-07 7-May-07 31-May-07 7-Jul-07 25-Jun-07 25-Jun-07 21-Jun-07 25-Jun-07 25-Jun-07 25-Jun-07 25-Jun-07 25-Jun-07 25-Jun-07 25-Jun-07 25-Jun-07 25-Jun-07 25-Jun-07 25-Jun-07 25-Jun-07 25-Jun-07 25-Jun-07 25-Jun-07 25-Jun-07 25-Tun-07 25-Jun-07 14-Jun-07 26-Jun-07 8-Jun-07 30-May-07 16-Jun-07 14-Tun-07 14-Jun-07 25-Jun-07 15-Jun-07 20-Jun-07 26-Jun-07 20-Jun-07 20-Jun-07 26-Jun-07 28-Jun-07 28-Jun-07 28-Jun-07 19-Jun-07 Disallowed Vendor Input VAT Phil. Long_ Distance Tel. Co. 209.42 Copy Quest Corporation 6,696.00 Eastern Aluminum Glass Supply 1,339.28 Enclosure Systems Specialists, Inc. 44,999.98 La Corona De Pagsanjan Resort 5,892.86 La Corona De Pagsanjan Resort 1,283.04 La Corona De Pagsanjan Resort 11,785.72 Motorworld Sales Center 889.29 Newton Elect. Equipt. Co., Inc. 9,996.00 Personal Security Systems, Inc. 41,107.40 Personal Security Systems, Inc. 41,901.26 Personal Security Systems, Inc. 41,988.96 Airfreig_ht 2100, Inc. 5.27 Airfreight 2100, Inc. 10.36 Best Travel 51.05 Universal Holidays, Inc. 102.11 Best Travel 51.05 Toyota Makati, Inc.

28.80 In tellicare 39.39 Santos Telephone Corp. 235.71 Tamaraw Security Service, Inc. 86,246.22 Control Risk 30,743.06 Control Risks Group Philippines, Inc. 29,982.31 Lino Bon Arriaga Customs Brokerage 1,542.00 Digital Tel. Phils., Inc. 59.56 Digital Tel. Phils., Inc. 296.15 New Horizons Computer Learning Centers 1,189.29 Phil. Long Distance Tel. Co. 3,375.60 Phil. Long Distance Tel. Co. 864.00 Phil. Long Distance Tel. Co. 139.83 Phil. Long Distance Tel. Co. 379.11 Phil. Long Distance Tel. Co. 231.46 Phil. Long Distance Tel. Co. 205.60 Phil. Lon_g_ Distance Tel. Co. 265.31 Phil. Long Distance Tel. Co. 120.87 Phil. Long Distance Tel. Co. 119.77 Phil. Long Distance Tel. Co. 551.95 Phil. Long Distance Tel. Co. 638.47 Phil. Long Distance Tel. Co. 526.61 Phil. Long Distance Tel. Co. 137.77 Phil. Long Distance Tel. Co. 463.48 Phil. Long Distance Tel. Co. 588.02 Phil. Long Distance Tel. Co. 248.15 Phil. Long Distance Tel. Co. 228.57 Phil. Long Distance Tel. Co. 5,964.28 Twin V Tech Systems & Serv. 10,714.28 Vegas Marketing 3,543.75 Uniwell Tech. Corporation 38,057.14 Isotrust Trading Company 17,977.50 Aero Med Ambulance Transport, Inc. 960.00 Harty Incorporated Phils. 52,232.14 Hearth & Hastings Phils., Inc. 2,475.00 Microbase Incorporated 13,928.57 Mr. Bugmaster, Inc.

1,714.29 Pagsanjan Rapids Hotel, Inc. 6,781.16 Pinnacle Parts Co., Inc. 355.71 Ramp Insurance Services 8,725.63 Rejoice Tyre Gallery & Auto Center 471.43 Tamaraw Security Service, Inc. 90,047.65 Tamaraw Security Service, Inc. 90,092.69 TCS Manpower Services, Inc. 25,944.37 TCS Man_power Services, Inc. 28,198.98 Water-Lite Engineering 51,428.57 ~ ® aint | ORNo | Dae | Vendor | singe va O.R. No. Vendor Input VAT 5-Jul-07 | Nu-Print Philippines Airfreight 2100, Inc. camps! oe | wun [omen TT "CC-060295" 676 16-Jul-07 Offices 4,980.00 Lino Bon Artiaga Customs Brokerage Toyota Batangas City, Inc.

Tantoco Villanueva De Guzman & Llamas Law "CC-090272" 722 19-Oct-07 Offices 3,619.20 "CC-100138" 56587 10-Sep-07 PCIC Container Freight Station, Inc. 1,429.30 000022031 18-Jul-07 il. Long Distance Tel. Co. 000022035 18-Jul-07 il. Long Distance Tel. Co.

=)

[esi | Outen | Dawe | Vendor | tape Exhibit O.R. No. Vendor Input VAT ‘eerme| | ewe [eee | a "CC-070074" 687 26-Jul-07 Offices 2,190.00 raemwe] —ey [omae [en | ae "CC-070197" 0415 3-Aug-07 Agenc 15,463.80 "CC-070236" 17-Jul-07 3-Aug-07 TCS Manpower Services, Inc. 29-Aug-07 20-Sep-07 _| Intellicare 15-Aug-07 _| Phil. Long Distance Tel. Co. 15-Aug-07 | Phil. Long Distance Tel. Co. Mercer Human Resource Consulting, Inc. TCS Manpower Services, Inc. TCS Manpower Services, Inc. 19,525.27 TCS Manpower Services, Inc.

Invoice/ Exhibit O.R.No.

"CC-080175" 136442 "CC-080196" 140835 "CC-080198" 143273 "CC-080200" 143274 "CC-080203" 0282 "CC-080209" 40171 "CC-080250" 709 "CC-080252" 30482 "CC-080254" 376461 "CC-080256" 376460 "CC-080262" 04627 "CC-080211" 65955 "CC-090015" SXL-029562 "CC-090019" SXL-029564 "CC-090124" 000028480 "CC-090129" 000028519 "CC-090131" 000028520 "CC-090133" 000028521 "CC-090135" 000028522 "CC-090137" 000028523 "CC-090139" 000028524 "CC-090141" 000028525 "CC-090143" 000028526 "CC-090145" 000028527 "CC-090147" 000028528 "CC-090149" 000028529 "CC-090151" 000028530 "CC-090153" 000028531 "CC-090155" 000028532 "CC-090157" 000028533 "CC-090127" 000028518 "CC-090011" 2086 "CC-090078" 0035 "CC-090105" 50511 "CC-090114" 27921 "CC-090116" 103368 "CC-090159" 95486 "CC-090161" 012 "CC-090179" 37223 "CC-090224" 6597 "CC-090205" 0179 "CC-090203" 0180 "CC-090208" 14919 "CC-090227" 40287 "CC-090246" 387 "CC-100018" SXL-030674 "CC-100022" SXL-030676 "CC-100025" SXL-031490 "CC-100029" SXL-031492 "CC-100065" 0593 "CC-100100" 3702 "CC-100105" 3705 "CC-100110" 3707 "CC-100147" 000030471 "CC-100150" 000031268 "CC-100152" 000031269 "CC-100154" 000031270 "CC-100156" 000031271 "CC-100158" 000031272 "CC-100160" 000031273 "CC-100162" 000031274 "CC-100164" 000031275 Date 29-Aug-07 22-Aug-07 4-Sep-07 4-Sep-07 7-Sep-07 6-Sep-07 12-Sep-07 7-Sep-07 23-Aug-07 23-Aug-07 25-Aug-07 16-Aug-07 12-Sep-07 12-Sep-07 25-Sep-07 26-Sep-07 26-Sep-07 26-Sep-07 26-Sep-07 26-Sep-07 26-Sep-07 26-Sep-07 26-Sep-07 26-Sep-07 26-Sep-07 26-Sep-07 26-Sep-07 26-Sep-07 26-Sep_-07 26-Sep-07 26-Sep-07 19-Sep-07 20-Sep-07 19-Sep-07 14-Aug-07 18-Sep-07 14-Sep-07 28-Sep-07 25-Sep-07 21-Sep-07 26-Sep-07 26-Sep-07 28-Sep-07 28-Sep-07 25-Sep-07 10-Nov-07 10-Nov-07 13-Nov-07 13-Nov-07 6-Nov-07 11-0ct-07 24-0ct-07 5-Nov-07 17-0ct-07 24-0ct-07 24-0ct-07 24-0ct-07 24-0ct-07 24-0ct-07 24-0ct-07 24-0ct-07 24-0ct-07 Disallowed Vendor Input VAT Toyota Batangas City, Inc. 66.00 Airfreight 2100, Inc. 7.59 Airfreight 2100, Inc. 14.26 Airfreight 2100, Inc. 13.41 Amado A. Blanco, Jr.

4,500.00 Best Travel 50.41 Tantoco Villanueva De Guzman & Llamas Law Offices 3,360.00 Toyota Makati, Inc.

863.57 Universal Holidays, Inc. 97.61 Universal Holidays, Inc. 97.61 Viking Cars, Incorporated 785.36 General Electric Phils., Inc. 123,698.42 Digital Tel. Phils., Inc. 57.83 Digital Tel. Phils., Inc. 416.95 Phil. Long Distance Tel. Co. 864.00 Phil. Long Distance Tel. Co. 449.58 Phil. Long Distance Tel. Co. 245.79 Phil. Long Distance Tel. Co. 274.04 Phil. Long Distance Tel. Co. 222.07 Phil. Long Distance Tel. Co. 118.47 Phil. Long Distance Tel. Co. 118.47 Phil. Long Distance Tel. Co. 588.01 Phil. Long Distance Tel. Co. 574.81 Phil. Long Distance Tel. Co. 1,232.78 Phil. Long Distance Tel. Co. 137.97 Phil. Long Distance Tel. Co. 443.93 Phil. Long Distance Tel. Co. 855.91 Phil. Long Distance Tel. Co. 320.13 Phil. Long Distance Tel. Co. 151.47 Phil. Long Distance Tel. Co. 8,306.97 Phil. Long Distance Tel. Co. 137.09 Counterflow Movers, Inc. 2,171.79 Lino Bon Arriaga Customs Brokerage 11,291.23 Microbase Incorporated 1,641.00 Orient Freight International, Inc. 32.14 Pagsanjan Rapids Hotel, Inc. 434.21 Punongbayan & Araullo 564.00 Qualityworks Consultancy Corp. 3,857.14 Santos Telephone Corp. 235.71 TCS Man_Q_ower Services, Inc. 27,857.57 Wellcross Freight Corp. 2,176.27 Wellcross Freight Corp. 5,788.30 Welltech Service Corporation 696.43 Best Travel 49.93 Harty Inco_!l)orated Phils. 177,535.72 Digital Tel. Phils., Inc. 61.89 Digital Tel. Phils., Inc. 345.76 Digital Tel. Phils., Inc. 61.89 Digital Tel. Phils., Inc. 324.95 Homeguard Strategist Co. 428.57 Masigasig_ Security & Manpower Agency, Inc. 86,289.56 Masigasig Security & Manpower Agency, Inc. 86,256.26 Masigasig Security & Manpower Agency, Inc. 86,397.83 Phil. Long Distance Tel. Co. 864.00 Phil. Long Distance Tel. Co. 150.57 Phil. Long Distance Tel. Co. 294.96 Phil. Long Distance Tel. Co. 293.63 Phil. Long Distance Tel. Co. 190.02 Phil. Long Distance Tel. Co. 264.09 Phil. Long Distance Tel. Co. 138.29 Phil. Long Distance Tel. Co. 107.69 Phil. Lo11g Distance Tel. Co. 311.99 ----- ~ ~

Invoice/ Exhibit O.R.No.

"CC-100166" 000031276 "CC-100168" 000031277 "CC-100172" 000031279 "CC-100174" 000031280 "CC-100176" 000031281 "CC-100180" 000031283 "CC-100007" 40439 "CC-100009" 40448 "CC-100013" 1175 "CC-100015" 468 "CC-100037" 33694 "CC-100063" 348 "CC-100084" 0044 "CC-100117" 0288 "CC-100120" 0905 "CC-100124" 2882 "CC-100184" 0113 "CC-100187" 0116 "CC-100209" 0074 "CC-100213" 20093 "CC-100209" 6763 "CC-100218" 140756 "CC-100220" 47276 "CC-100223" 154748 "CC-100241" 14991 "CC-100245" 15109 "CC-100247" 0079 "CC-100253" 150794 "CC-100274" 4716 "CC-100303" 9268 "CC-100325" 31225 "CC-100328" 31224 "CC-100330" 31599 "CC-100332" 384525 "CC-100086" 0042 "CC-100067" 58503 "CC-100071" 15788 "CC-100076" 15836 "CC-100072" 15835 "CC-100074" 15880 "CC-100239" 504

"CC-1 00197"

37416 "CC-100323" 0725 "CC-100450" 55963 "CC-110103" 20308 "CC-110116" 3698 "CC-110142" 000033596 "CC-110145" 000033628 "CC-110147" 000033629 "CC-110149" 000033630 "CC-110151" 000033631 "CC-110153" 000033632 "CC-110155" 000033633 "CC-110157'' 000033634 "CC-110161" 000033636 "CC-110163" 000033637 "CC-110165" 000033638 "CC-110167" 000033639 "CC-110169" 000033640 "CC-110171" 000033641 "CC-110173" 000033642 "CC-110175" 000033643 Date 24-0ct-07 24-0ct-07 24-0ct-07 24-0ct-07 24-0ct-07 24-0ct-07 30-0ct-07 30-0ct-07 16-Nov-07 16-Nov-07 20-Nov-07 5-Nov-07 16-Nov-07 30-0ct-07 16-Nov-07 17-Nov-07 16-0ct-07 9-Nov-07 9-Nov-07 8-Nov-07 9-Nov-07 5-Nov-07 16-Nov-07 22-0ct-07 19-0ct-07 9-Nov-07 30-0ct-07 5-Nov-07 19-0ct-07 19-0ct-07 30-0ct-07 30-0ct-07 22-Nov-07 26-0ct-07 9-Nov-07 31-0ct-07 16-0ct-07 31-0ct-07 31-0ct-07 9-Nov-07 9-Nov-07 25-0ct-07 9-Nov-07 11-0ct-07 6-Dec-07 20-Nov-07 19-Nov-07 19-Nov-07 19-Nov-07 19-Nov-07 19-Nov-07 19-Nov-07 19-Nov-07 19-Nov-07 19-Nov-07 19-Nov-07 19-Nov-07 19-Nov-07 19-Nov-07 19-Nov-07 19-Nov-07 19-Nov-07 Disallowed Vendor Input VAT Phil. Long Distance Tel. Co. 523.99 Phil. Long Distance Tel. Co. 1,492.76 Phil. Long Distance Tel. Co. 313.72 Phil. Long Distance Tel. Co. 650.47 Phil. Long Distance Tel. Co. 183.15 Phil. Long Distance Tel. Co. 7,879.47 Best Travel 47.46 Best Travel 427.14 Control & Analytical Lab., Inc. 3,618.00 C.S. Bracamonte 1,816.17 First Analytical Serv. & Tech. Coop. 10,166.40 Harty Incorporated Phils. 52,232.14 Lino Bon Arriaga Customs Brokerage 12,259.62 Metro Meter Office Furniture Trading 6,116.24 Mich-cel Motors 4,320.00 Mr. Bugmaster, Inc.

1,714.28 Rejoice Tyre Gallery & Auto Center 171.43 Rejoice Tyre Gallery & Auto Center 96.43 Sards Construction 33,600.00 Stellite Commercial, Inc. 144.11 TCS Manpower Services, Inc. 26,419.41 Toyota Batangas City, Inc. 48.00 Transmodal International, Inc. 592.78 T ric om Dynamics, Inc. 4,516.17 Welltech Service Corporation 4,200.00 Welltech Service Corporation 1,767.86 Worldbest Logistics Phils., Inc. 1,956.27 Airfreight 2100, Inc. 7.60 Centerlane Car Rental Services 3,261.84 Manabat Delgado Amper & Co. 11,880.00 Toyota Makati, Inc.

175.80 Toyota Makati, Inc.

114.00 Toyota Makati, Inc.

48.00 Universal Holidays, Inc. 96.86 Lino Bon Arriaga Customs Brokerage 2,848.59 lntellicare 248.24 La Corona De Pagsanjan Resort 2,129.82 La Corona De Pagsanjan Resort 1,013.10 La Corona De Pagsanjan Resort 901.02 La Corona De Pagsanjan Resort 1,467.05 Wellcross Freight Corp. 7,857.78 Santos Telephone Corp_. 235.71 Tantoco Villanueva De Guzman & Llamas Law I Offices 10,747.20 Hermaco Commercial 6,489.64 Lagos Del Sol Resort Hotel, Inc. 14,345.42 Masigasig Security & Manpower Agency, Inc. 86,375.62 Phil. Long Distance Tel. Co. 864.00 Phil. Long Distance Tel. Co. 133.63 Phil. Long Distance Tel. Co. 260.14 Phil. Long Distance Tel. Co. 273.68 Phil. Long Distance Tel. Co. 307.98 Phil. Long Distance Tel. Co. 335.93 Phil. Long Distance Tel. Co. 137.51 Phil. Long_ Distance Tel. Co. 135.87 Phil. Long Distance Tel. Co. 399.86 Phil. Long Distance Tel. Co. 1,573.95 Phil. Long Distance Tel. Co. 153.87 Phil. Long Distance Tel. Co. 515.03 Phil. Long Distance Tel. Co. 835.76 Phil. Long Distance Tel. Co. 225.46 Phil. Long Distance Tel. Co. 159.21 Phil. Long Distance Tel. Co. 8,070.77

Invoice/ Disallowed Exhibit O.R. No. Vendor Input VAT 5-Nov-07 Phil. Environmental & Tech. Syst. & Serv. Inc. "CC-110398" 5-Nov-07 __| Phil. Environmental & Tech. Syst. & Serv. Inc. "CC-110420" 22-Oct-07 Veesafe Industrial Sales 87,803.57 000033635 Phil. Long Distance Tel. Co. "CC-110432" "CC-110011" "CC-110033" 21-Nov-07 | First Phils. Skills & Equipt. Testing . "CC-110038" 62486 27-Nov-07 _ | Fuji Xerox Philippines, Inc. 59.34 Government Performance Magazine 1,060.71 "CC-110081" Harty Incorporated Phils. "CC-110083" Hearth & Hastings Phils., Inc. 7-Dec-07 _| High Grip Auto Center 10-Dec-07 | KPI Elevators, Inc. 7,811.46 10,200.00 Toyota Batangas City, Inc. 15.00 205.80 Punongbayan & Araullo 1,200.00 5-Dec-07 _ [| Toyota Makati, Inc. 214.29 22-Nov-07 _| Toyota Makati, Inc. 138.00 3-Dec-07 _| Toyota Makati, Inc. 114.00 20-Nov-07 | Toyota Batangas City, Inc. 1,218.86 Tantoco Villanueva De Guzman & Llamas Law "CC-110287" 7-Dec-07 _| Offices 2,340.00 29-Nov-07 _| Santos Telephone Corp. Digital Tel. Phils., Inc. 414.00 28-Dec-07 0048 28-Dec-07 59,975.44 Phil. Long Distance Tel. Co. 864.00 MFT International Corporation 12,284.06 Firstly & Foremost Resort Corp. 1,377.84 MSD Power and Trading, Inc. 9,557.14 95,357.14 igasig Securi 86,397.84 "CC-120171" 19-Dec-07 26-Dec-07 | Punongbayan & Araullo 1,200.00 Universal Holidays, Inc. 181.50 "CC-120149" 20-Dec-07 _| Viking Cars, Incorporated 797.80 LL Trading "CC-120126" 235.71 ee ee |

2. Stamped as vero-rated sales "CC-120262" 12554 21-Nov-07 | Compresstech Resources, Inc. 1,283.18 3, Not a source of valid input tax "CC-110036" 24-Nov-07 _| Ford Global City Auto Sales, Inc.

4. Official receipt presented does not pertain to the transaction "CC-070369" 0529 31-Jul-07 5,040.00

Invoice/ Disallowed Exhibit O.R.No.

Date Vendor Input VAT "CC-090205" 0179 26-Sef>_-07 C.S. Bracamonte 1,562.17 "CC-010318" 13871 9:Ian-07 Welltech Service Corporation 1,008.00 Total Php 6,200,578.92 In fine, Petitioner sufficiently proved its entitlement to the issuance of a tax credit certificate representing unutilized excess input VAT attributable to zero-rated sales/receipts only to the extent of Php41,131,185.33, as computed below:

Claimed Excess ln_Q_ut VAT Ph_p 58,802,851.18 Less: Disallowances Per ICPA 11,422,363.28 Per Court 6,200,578.92 Valid Excess Input VAT Php 41,179,908.98 Multiply by total valid zero-rated sales/receipts 5,735,752,769.57 1 Divide b_y_ total declared zero-rated sales/ recei2ts 5,742,547,292.51 Refundable Excess Input VAT Attributable to I Valid Zero-RateQ_Sales/Receipts _ -- -- - L_ _ Php 41,131,185.33 I Consequently, Petitioner's "Motion for Reconsideration" is GRANTED. Accordingly, the dispositive portion of our Decision dated June 06, 2017 is AMENDED to read, as follows:

WHEREFORE, premises considered, the Petition for Review is GRANTED. Accordingly, Respondent Commissioner of Internal Revenue is hereby ORDERED TO ISSUE A TAX CREDIT CERTIFICATE in favor of Petitioner in the amount of Php41,131,185.33, representing its unutilized input value-added taxes on its local purchases and/ or importation of goods and services, capital goods and payments for services rendered by non- residents, attributable to its zero-rated sales for the period January 1, 2007 to December 31,2007.

WE CONCUR:

LOVE,.. BAUTISTA Assodate Justice ..

ATTESTATION I attest that the conclusions in the above decision were reached in consultation before the case was assigned to the writer of the opinion of the Court.

LOVEJ.. BAUTISTA Associate Justice Chairperson CERTIFICATION Pursuant to Article VIII, Section 13 of the Constitution, and the Division's Chairperson's Attestation, it is hereby certified that the conclusions in the above Decision were reached in consultation before the case was assigned to the writer of the opinion of the Court. <;L.._·h c. ay---...D~ ~:h. JtiANITO C. CASTANEDA, JR. Acting Presiding]ustice ~