Deutsche Knowledge Services Pte. Ltd. vs. Commissioner of Internal Revenue

DECISION

development;

technical support and maintenance;

data processing and communication; and business development.3 Respondent is the duly appointed Commissioner of the SIR empowered to perform the duties of her office, including, among others, the duty to act upon and approve claims for refund or tax credit as provided by law. She holds office at the 51h Floor, SIR National Office Building, Agham Road, Diliman, Quezon City. Petitioner entered into several IntraGroup Service Agreements (Service Agreements) with foreign clients with business addresses located abroad.4 On October 21, 2011, petitioner filed its Application for Tax Credits/Refund (SIR Form No. 1914) and letter claim for refund, together with the relevant supporting documents with the SIR Large Taxpayers Regular Audit Division 3.5 The refund claim purportedly represented the unutilized input VAT attributable to its zero-rated sales of services to its foreign clients during the first quarter of calendar year 2010. Since respondent failed to resolve petitioner's administrative claim for refund, petitioner filed the instant claim before this Court on March 19, 2012. In her Answer6 filed on May 11, 2012, respondent interposed the following Special and Affirmative Defenses: "4. Petitioner is not entitled to refund or tax credit in the amount of P33,868, 101.19 representing alleged unutilized input tax because it failed to submit necessary and relevant documents pertaining to the above-mentioned amount with respondent in the administrative claim for refund or tax credit of excess input tax.

5. In an administrative claim for refund or tax credit of input taxes attributable to zero-rated sales, a VAT registered person must submit complete documents to support its application for refund pursuant to Section 112 (D) of the National Internal Revenue Code (NIRC) of 1997. Otherwise, there will be no sufficient compliance with the filing of an administrative claim for refund, which is a condition sine qua non prior to the filing of judicial claim.

6. To support its claim, it is imperative for petitioner to prove and present the following, viz: r

a. The registration requirements of a value-added taxpayer in compliance with Section 6(a) and (b) of Revenue Regulations No. 6-97 in relation to Section 4.107-a (a) of Revenue Regulations No. 7-95, and Section 236 of the NIRC of 1997;

b. The invoicing and accounting requirements for VAT- registered persons, as well as the filing and payment of VAT in compliance with the provisions of Sections 113 and 114 of the NIRC of 1997;

c. Proof of compliance with the prescribed checklist of requirements to be submitted involving claim for VAT refund pursuant to Revenue Memorandum Order No. 53-98. It is worthy of emphasis that Section 112 (D) of the NIRC of 1997 requires the submission of complete documents in support of the application filed with the Bureau of Internal Revenue before the 120-day audit period shall apply, and before the taxpayer could avail of judicial remedies as provided for in the law. Hence, petitioner's failure to submit proof of compliance with the above-stated requirements warrants immediate dismissal of the petition for review.

d. That the input taxes of P33,868,101.19 allegedly paid by petition on its domestic purchases of non-capital goods and services, services rendered by non-residents and importation of non-capital goods for the 4th quarter of taxable year 2009 were attributable to its zero-rated sales and such have not been applied against any output tax and were carried over in the succeeding taxable quarter or quarters;

e. That petitioner's administrative claim for tax credit or refund of the unutilized input tax (VAT) was filed within two (2) year after the close of the taxable quarter when the sales were made in accordance with Sections 112 (A) and (D) of the NIRC of 1997;

f. That petitioner's domestic purchases of goods and services were made in the course of its trade or business, properly supported by VAT invoices and/or official receipts and other documents, such as subsidiary purchase journal, showing that it actually paid VAT in accordance with Sections 110 (A) (2) and 113 of the N I RC of 1997, and in pursuance to Section 4.104-5 (a) and (b) of Revenue Regulations No. 7-95 (RE: Substantiation of Claims for Input Tax Credit);

g. The requirements as enumerated under Section 4.104-2 of Revenue Regulations 7-95 (Re: Persons who can avail of the Input Tax Credits). ~

7. Petitioner's alleged claim for refund is subject to administrative routinary investigation/examination by the Bureau of Internal Revenue (SIR).

8. Petitioner likewise did not submit any proof that it rendered services to persons engaged in business conducted outside the Philippines, the payments of which were made in Euro and other acceptable foreign currency in accordance with the rules and regulations of the Bangko Sentral ng Pilipinas.

9. Section 108 (B) (2) of the NIRC of 1997 states that: 'SEC. 108. Value-added Tax on Sale of Services and Use or Lease of Properties. - X X X (B) Transactions Subject to Zero Percent (0%) Rate. - The following services performed in the Philippines by VAT -registered persons shall be subject to zero percent (0%) rate. X X X 2) Services other than those mentioned in the preceding paragraph, the consideration for which is paid for in acceptable foreign currency and accounted for in accordance with the rules and regulations of the Bangko Sentral ng Pilipinas (SSP);' As shown by the above provision, the taxpayer must comply with the following requirements: 1) the recipient is doing business outside the Philippines, 2) the payment of the service fees was in acceptable foreign currency, and 3) accounting of such remittance was in accordance with SSP rules.

10. In the case of Commissioner of Internal Revenue vs. Burmeister & Wain Scandinavian Contractor Mindanao, Inc., GR No. 153205, January 22, 2007, the Supreme Court stated: The Tax code not only requires that the services be other than 'processing, manufacturing or repacking of goods' and that payment for such services be in ~ acceptable foreign currency accounted for in accordance with BSP rules.

Another essential condition for qualification to zero-rating under Section 102 (b) (2) is the recipient of such services is doing business outside the Philippines. While this requirement is not expressly stated in the second paragraph of Section 102

(b) this is clearly provided in the first paragraph of Section 102 (b) where the listed services must be 'for other persons doing business outside the Philippines.' The phrase 'for other persons doing business outside the Philippines 'not only refers to the services enumerated in the first paragraph of Section 102 (b), but also pertains to the general term 'services: appearing in the second paragraph of Section 102 (b). In short, services other than processing, manufacturing, or repacking of goods must likewise be performed for persons doing business outside the Philippines. This can only be the logical interpretation of Section (b) (2). If the provider and recipient of the 'other services' are both doing business in the Philippines, the payment of foreign currency is irrelevant. Otherwise, those subject to the regular VAT under Section 102 (a) can avoid paying the VAT by simply stipulating payment in foreign currency inwardly remitted by the recipient of services. To interpret Section 102 (b) (2) to apply a payer-recipient of services doing business in the Philippines is to make the payment of regular VAT under Section 102 (a) dependent on the generosity of the taxpayer. The provider of services can choose to pay the regular VAT or avoid it by stipulating payment in foreign currency inwardly remitted by the payer-recipient. Such interpretation removes Section 102 (a) as a tax measure in the Tax Code, an interpretation this Court cannot sanction. A tax is a mandatory exaction, not a voluntary contribution.

Hence, petitioner should have at the very least shown evidence on where their recipient is doing business. Outside such proof, there is negligence on petitioner for not showing sufficient evidence to support its claim.

11 . Petitioner filed their judicial claim for refund prematurely as less than 120 days have passed from the alleged filing of the administrative claim to the filing of the judicial claim. Under Section ('-

112(D) of the NIRC of 1997, petitioner has 120 days within which to process claims for refund of unutilized input tax, to wit: 'SEC. 112. Refunds or Tax Credits of Input Tax. XXX (D) Period Within Which Refund or Tax Credit of Input Taxes Shall be Made. - In proper cases, the Commissioner shall grant a refund or issue the tax credit certificate for creditable input taxes within one hundred twenty (120) days from the date of submission of complete documents in support of the application filed in accordance with Subsections (A) and (B) hereof. In case of full or partial denial of the claim for tax refund or tax credit, or the failure on the part of the Commissioner to act on the application within the period prescribed above, the taxpayer affected may within thirty

(30) days from the receipt of the decision denying the claim or after the expiration of the one hundred twenty day-period, appeal the decision or the unacted claim with the Court of Tax Appeals.'

12. Furthermore, in an action for refund the burden of proof is on the taxpayer to establish its right to refund and failure to sustain the burden is fatal to the claim for refund/credit. This is so because exemptions from taxation are highly disfavored in law and he who claims exemption must be able to justify his claim by the clearest grant of organic or statutory law. An exemption from the common burden cannot be permitted to exist upon vague implications (Asiatic Petroleum Co. vs Llanes, 49 Phil. 466 cited in Collector of Internal Revenue v Manila Jockey Club, Inc., 98 Phil. 670)." During trial, petitioner presented and formally offered pieces of documentary and testimonial evidence. In a Resolution7 dated May 10, 2013, petitioner's Exhibits "A" to "D-2", "D-4" to "D-7" , "G" to "1-13", "1-15" to "J-6", "K-1" to "K-9", "K-11" to "K- 22", "M1" to "M2401 ", and "S" to "AA-1" were admitted; while Exhibits "D-3", "E-1" to "E-12", "F", "K-10", "L", "R-1" and "R-2" were denied admission. Petitioner then filed a Motion for Reconsiderations on June 5, 2013; while respondent filed her Comment9 thereto on June 21, 2013. In a Resolution1o issued on July 9, 2013, this Court y

partially granted petitioner's Motion for Reconsideration and admitted Exhibits "D-3", "E-1" to "E-3", "F", "R-1 " and "R-2", but denied admission of Exhibits "L", "E-4", "E-5", "E-6" "E-7" "E-8" "E-9" "E-1 0" "E-11 " and "E-12" ' ' , , ' I In a Resolution 11 dated July 10, 2013, counsels for respondent manifested that they are submitting the instant case for decision considering that no Memorandum Report was made in this case. Thus, counsels for respondent were given thirty (30) days within which to file respondent's Memorandum. On the other hand, petitioner was given twenty (20) days from receipt of the said Resolution to file its Memorandum.

Petitioner filed its Submission (With Motion to Set Commissioner's Hearing)12 on August 6, 2013, praying for the following: (1) noting the submission of the original computer print-out of Exhibit "L"; (2) setting of a Commissioner's Hearing for the comparison of the formally offered copy of Exhibit "L"; and (3) allowing the deferment of the filing of petitioner's Memorandum pending the resolution of the said Submission and Motion.

In the Resolution13 promulgated on August 13, 2013, the Court noted the Submission (With Motion to Set Commissioner's Hearing) and respondent was ordered to comment on petitioner's motion. Respondent failed to file her Comment.14 In a Resolution15 dated September 25, 2013, this Court denied petitioner's Submission (With Motion to Set Commissioner's Hearing) for lack of merit. On November 4, 2013, the instant case was submitted for decision,16 considering respondent's Memorandum17 filed on August 7, 2013 and petitioner's Memorandum1s filed on October 29, 2013.

THE ISSUES

The issues19 as stipulated by the parties are as follows: "A. WHETHER OR NOT PETITIONER IS ENTITLED TO THE CLAIM FOR REFUND OF OR THE ISSUANCE OF TAX CREDIT CERTIFICATE (TCC) FOR EXCESS OR UNUTILIZED INPUT VAT IN ?z---

THE AMOUNT OF PHP33,868, 101 .19 FOR THE 1sT QUARTER OF CY 2010.

B. WHETHER OR NOT PETITIONER INCURRED INPUT VAT

ON ITS PURCHASES OF GOODS AND SERVICES ATTRIBUTABLE

TO ZERO-RATED SALES FOR THE 1ST QUARTER OF CY 2010. C. WHETHER OR NOT THE INPUT VAT INCURRED BY PETITIONER FOR THE 1ST QUARTER OF CY 2010 IS DULY SUPPORTED BY VAT INVOICES AND OFFICIAL RECEIPTS. D. WHETHER OR NOT THE INPUT VAT INCURRED BY PETITIONER FOR THE 1ST QUARTER OF CY 2010 AMOUNTING TO PHP33,868,101.19 WAS APPLIED AGAINST ANY OUTPUT VAT OR CARRIED OVER TO SUCCEEDING TAXABLE PERIODS. E. WHETHER OR NOT PETITIONER HAD ZERO-RATED SALES FOR THE 1sT QUARTER OF CY 2010, THE CONSIDERATION

FOR WHICH

WAS PAID FOR

IN ACCEPTABLE FOREIGN

CURRENCY AND ACCOUNTED FOR IN ACCORDANCE WITH THE

RULES AND REGULATIONS OF THE BANGKO SENTRAL NG

PILIPINAS (BSP) IN RELATION TO THE PROVISIONS OF SECTION 108(B)(2), TAX CODE, AS AMENDED. F. WHETHER OR NOT PETITIONER'S FILING OF ITS ADMINISTRATIVE CLAIM FOR REFUND CONSTITUTES EXHAUSTION OF ADMINISTRATIVE REMEDIES . AND COMPLIES WITH THE REQUIREMENTS UNDER SECTION 112(C), TAX CODE."

THE COURT'S RULING

Section 112(A) of the National Internal Revenue Code (NIRC) of 1997 allows the refund of unutilized input VAT earned from zero-rated or effectively zero-rated sales. The provision reads: SEC. 112. Refunds or Tax Credits of Input Tax.- (A) Zero-rated or Effectively Zero-rated Sales. - Any VAT-registered person, whose sales are zero-rated or effectively zero-rated may, within two (2) years after the close of the taxable quarter when the sales were made, apply for the issuance of a tax credit certificate or refund of creditable input tax due or paid attributable to such sales, except transitional fJc- input tax, to the extent that such input tax has not been applied against output tax: Provided, however, That in the case of zero-rated sales under Section 106(A)(2)(a)(1), (2) and (b) and Section 108(B)(1) and (2), the acceptable foreign currency exchange proceeds thereof had been duly accounted for in accordance with the rules and regulations of the Bangko Sentral ng Pilipinas (BSP): x x x x Based on the above-quoted provision, in order to be entitled to a refund or tax credit of input VAT payments attributable to zero-rated or effectively zero-rated sales, the following requisites must be satisfied: 1.

that the taxpayer must be VAT-registered; 2.

that there must be zero-rated or effectively zero-rated sales;

3.

that input taxes were incurred or paid; 4.

that such input VAT payments are directly attributable to zero-rated sales or effectively zero-rated sales; 5.

that the input VAT payments were not applied against any output VAT liability; and 6.

that the claim for refund was filed within the two-year prescriptive period.

Before discussing the other requisites mentioned in the preceding paragraph, the Court shall first rule on the timeliness of the filing of the instant claim. In the case of Commissioner of Internal Revenue v. Mirant Pagbilao Corporation (formerly Southern Energy Quezon, lnc.),2o the Supreme Court held that the reckoning of the two-year prescriptive period for filing a claim for input VAT refund under Section 112(A) of the NIRC of 1997 should start from the close of the taxable quarter when the relevant sales were made pertaining to the input VAT regardless of whether the said tax was paid or not. In the instant petition, the subject of the claim for refund or issuance of tax credit certificate is petitioner's unutilized creditable input VAT attributable to its zero- rated sales for the first quarter of 2010. Hence, counting from March 31 , 2010, the close of the first quarter of 2010, petitioner had until March 31, 2012 within which to file its administrative claim with respondent. Evidently, petitioner seasonably filed its administrative claim for the period covering the first quarter of 2010 on October 21 , 2011.21 Jv

With respect to the filing of the judicial claim, Section 112(C) of the NIRC of 1997, as amended, is instructive. The said provision is quoted hereunder for ready reference:

SEC. 112. Refunds or Tax Credits of Input Tax.- XXX XXX XXX (C) Period within which Refund or Tax Credit of Input Taxes shall be Made. - In proper cases, the Commissioner shall grant a refund or issue the tax credit certificate for creditable input taxes within one hundred twenty (120) days from the date of submission of complete documents in support of the application filed in accordance with Subsection (A) hereof.

In case of full or partial denial of the claim for tax refund or tax credit, or the failure on the part of the Commissioner to act on the application within the period prescribed above, the taxpayer affected may, within thirty (30) days from the receipt of the decision denying the claim or after the expiration of the one hundred twenty day-period, appeal the decision or the unacted claim with the Court of Tax Appeals. The nature of the 120-day period was discussed by the Supreme Court in the consolidated cases of Mindanao II Geothermal Partnership v. Commissioner of Internal Revenue and Mindanao I Geothermal Partnership v. Commissioner of Internal Revenue.22 The pertinent portions of the said decision read: We summarize the rules on the determination of the prescriptive period for filing a tax refund or credit of unutilized input VAT as provided in Section 112 of the 1997 Tax Code, as follows: (1) An administrative claim must be filed with the CIR within two years after the close of the taxable quarter when the zero-rated or effectively zero-rated sales were made. (2) The CIR has 120 days from the date of submission of complete documents in support of the administrative claim within which to decide whether to grant a refund or issue a tax credit certificate. The 120-day period may Jh- 22 G.R. Nos. 193301 and 194637, March 11, 2013.

DEaSJON extend beyond the two-year period from the filing of the administrative claim if the claim is filed in the later part of the two-year period. If the 120-day period expires without any decision from the CIR, then the administrative claim may be considered denied by inaction. (3) A judicial claim must be filed with the CTA within 30 days from the receipt of the CIR's decision denying the administrative claim or from the expiration of the 120-day period without any action from the CIR. (4) All taxpayers, however, can rely on BIR Ruling No. DA-489-03 from the time of its issuance on 10 December 2003 up to its reversal by this Court in Aichi on 6 October 2010, as an exception to the mandatory and jurisdictional120+30 day periods.

Based on the foregoing, the 120-day period ended on February 18, 2012 reckoned from October 21, 201123, the date when petitioner filed its administrative claim and submitted the documents in support of its application for refund. Counting therefrom, petitioner may appeal its claim for refund to the CTA within 30 days or until March 19, 2012. Clearly, the instant Petition for Review was timely filed on March 19, 2012.

The Court shall now discuss whether or not petitioner complied with the other requisites for it to be entitled to its claim for tax refund. Petitioner's claim for refund of excess or unutilized input VAT finds legal support in Sections 108(B)(1) and (2) and 110(B) of the NIRC of 1997, as amended, which state:

SEC. 108. Value-added Tax on Sale of Services and Use or Lease of Properties. - XXX XXX XXX (B) Transactions Subject to Zero Percent (0%) Rate. - The following services performed in the Philippines by VAT- registered persons shall be subject to zero percent (0%) rate: ?z-

(1) Processing, manufacturing or repacking goods for other persons doing business outside the Philippines which goods are subsequently exported, where the services are paid for in acceptable foreign currency and accounted for in accordance with the rules and regulations of the Bangko Sentral ng Pilipinas (BSP);

(2) Services other than those mentioned in the preceding paragraph rendered to a person engaged in business conducted outside the Philippines or to a nonresident person not engaged in business who is outside the Philippines when the services are performed, the consideration for which is paid for in acceptable foreign currency and accounted for in accordance with the rules and regulations of the Bangko Sentral ng Pilipinas (BSP); SEC. 110. Tax Credits.- XXX XXX XXX (B) Excess Output or Input Tax. - If at the end of any taxable quarter the output tax exceeds the input tax, the excess shall be paid by the VAT-registered person. If the input tax exceeds the output tax, the excess shall be carried over to the succeeding quarter or quarters: xxx Provided, however, That any input tax attributable to zero-rated sales by a VAT- registered person may at his option be refunded or credited against other internal revenue taxes, subject to the provisions of Section 112.

In the case of Commissioner of Internal Revenue v. Burmeister and Wain Scandinavian Contractor Mindanao, lnc. ,24 the Supreme Court held that in order for the supply of services to be VAT zero-rated under Section 1 08(8)(2) of the NIRC of 1997, as amended,25 the following requisites must be met: 1.

the services by a VAT -registered person must be other than processing, manufacturing or repacking of goods; 2.

the payment for such services must be in acceptable foreign currency accounted for in accordance with the BSP rules and regulations; and 3.

the recipient of such services is doing business outside the Philippines. Jv 24 G.R. No. 153205, January 22, 2007. 25 Formerly Section 102(b)(2) of the NIRC of 1977, as amended.

Corollary to the second requisite, Sections 113(A)(2), (8)(1), (2)(c) and (3) of the NIRC of 1997, as amended, as implemented by Sections 4.113-1(A)(2), 8(1) and (2)(c) of Revenue Regulations (RR) No. 16-05 provide that a VAT taxpayer, like herein petitioner, shall for every lease of goods or properties and for every sale, barter or exchange of services, issue a VAT official receipt which must contain the following information: SEC. 113. Invoicing and Accounting Requirements for VAT-Registered Persons.- (A) Invoicing Requirements. - A VAT -registered person shall issue:

XXX XXX XXX

(2) A VAT official receipt for every lease of goods or properties, and for every sale, barter or exchange of services.

(B) Information Contained in the VAT Invoice or VAT Official Receipt. - The following information shall be indicated in the VAT invoice or VAT official receipt: ( 1) A statement that the seller is a VAT -registered person, followed by his Taxpayer's Identification Number (TIN);

(2) The total amount which the purchaser pays or is obligated to pay to the seller with the indication that such amount includes the value-added tax: Provided, That: XXX XXX XXX

(c) If the sale is subject to zero percent (0%) value- added tax, the term 'zero-rated sale' shall be written or printed prominently on the invoice or receipt; XXX XXX XXX

(3) The date of transaction, quantity, unit cost and description of the goods or properties or nature of the service; ft-

SECTION 4.113-1. Invoicing Requirements. - (A) A VAT-registered person shall issue:- XXX XXX XXX

(2) A VAT official receipt for every lease of goods or properties, and for every sale, barter or exchange of services.

Only VAT -registered persons are required to print their TIN followed by the word 'VAT' in their invoice or official receipts. Said documents shall be considered as a VAT Invoice or VAT official receipt. All purchases covered by invoices/receipts other than VAT lnvoiceN AT Official Receipt shall not give rise to any input tax. VAT invoice/official receipt shall be prepared at least in duplicate, the original to be given to the buyer and the duplicate to be retained by the seller as part of his accounting records. (B) Information contained in VAT invoice or VAT official receipt. - The following information shall be indicated in VAT invoice or VAT official receipt: ( 1) A statement that the seller is a VAT -registered person, followed by his TIN; (2) The total amount which the purchaser pays or is obligated to pay to the seller with the indication that such amount includes the VAT; Provided, That: XXX XXX XXX

(c) If the sale is subject to zero percent (0%) VAT, the term 'zero-rated sale' shall be written or printed prominently on the invoice or receipt; (Emphasis supplied) Pursuant to the foregoing provisions, the foreign currency remittances referred to under Section 108(8)(2) of the NIRC of 1997, as amended, must likewise be supported by VAT zero-rated official receipts. 9'Y

Records confirm that petitioner is duly registered with the BIR as a VAT taxpayer26 and the services it performs in the Philippines, through its regional operating headquarters (ROHQ), such as accounting, valuation and information systems maintenance and development services27 are not in the same category as "processing, manufacturing or repacking of goods." For services rendered for the first quarter of 2010, petitioner received foreign currency payments which were accounted for in accordance with the BSP rules and regulations, as evidenced by sales invoices and official receipts issued by petitioner to its alleged non-resident foreign clients, various inward remittance advices, and bank statements.2a For the said taxable quarter, petitioner allegedly rendered services to the following entities:29 1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

15.

16.

17.

18.

19.

20.

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22.

23.

24.

25.

26.

27.

Deutsche Bank Aktiengesellschaft, lnlandsbank Deutsche Bank Aktiengesellschaft, Filiale Amsterdam Deutsche Bank, Sociedad Espanola Deutsche Bank Aktiengesellschaft, Filiale Zurich Deutsche Bank Aktiengesellschaft, Asia Pacific Head Office Deutsche Bank Aktiengesellschaft, Filiale Singapur Deutsche Bank Aktiengesellschaft, Filiale Karachi Deutsche Bank Aktiengesellschaft, Filiale Ho-Chi-Minh-Stadt Deutsche Bank Aktiengesellschaft, Filiale Seoul Deutsche Bank Aktiengesellschaft, Filiale New York Deutsche Bank Aktiengesellschaft, Filiale London Deutsche Bank Aktiengesellschaft, Filiale Tokyo Deutsche Bank Aktiengesellschaft, Filiale Paris Deutsche Bank Aktiengesellschaft, Filiale Prag Deutsche Bank Luxembourg S.A. Deutsche Securities, Inc. Deutsche Bank (China) Co. Ltd., Beijing Branch Deutsche Bank (China) Co. Ltd., Guangzhou Branch Deutsche Bank (China) Co. Ltd., Shanghai Branch DWS Holding & Service GmbH RREEF Management GmbH DB Hedgeworks, LLC Deutsche Bank Real Estate (Japan) Y.K. Deutsche Bank Securities, Inc. Deutsche Asia Pacific Holdings Pte Ltd PT. Deutsche Securities Indonesia Deutsche Group Services Pty Limited J'V

28.

Deutsche Bank PBC Spolka Akcyjna

29. Deutsche Bank Trust Company Americas 30.

DB Services New Jersey, Inc. 31 . Deutsche Bank National Trust Company 32.

DB Finance, Inc.

33.

DB International (Asia) Limited 34.

DBOI Global Services Private Limited To prove that its clients are non-resident foreign corporations doing business outside the Philippines, petitioner presented the following documents: 1.

SEC Certifications of Non-Registration of Company;3o 2.

Authenticated Articles of Association of Deutsche Bank Aktiengesellschaft;31 3.

Authenticated Certificate of Registration of Deutsche Bank Aktiengesellschaft, Singapore;32 4.

Authenticated Certificate of Registration of Deutsche Bank Aktiengesellschaft, Asia Pacific Head Office;33 5.

Authenticated Certificate of Good Standing of Deutsche Bank Aktiengesellschaft, New York;34 6.

Authenticated Certificate of Incorporation of Deutsche Asia Pacific Holdings Pte. Ltd.;3s 7.

Authenticated Certificate of Incorporation of Deutsche Securities lnc.;36 and 8.

IntraGroup Service Agreements.37 However, this Court finds that the enumerated documents, standing alone, are insufficient to prove that petitioner's clients are non-resident foreign corporations doing business outside the Philippines. While the SEC Certificates of Non-Registration show that the named entities therein are not registered corporations/partnerships in the Philippines, the same do not prove that such entities are non-resident foreign corporations doing business outside the Philippines. Likewise, the IntraGroup Service Agreements only show the names of petitioner's customers to whom it rendered services but the same do not establish that such customers are non-resident foreign corporations doing business outside the Philippines. Also, the Articles of Association and Certificates of Registration/Incorporation of Foreign Company only prove that the named entities ~

therein were incorporated/organized abroad but do not establish that such entities are not doing business in the Philippines. To be considered as non-resident foreign corporation doing business outside the Philippines, each entity must be supported, at the very least, by both SEC certificate of non-registration of corporation/partnership and certificate/articles of foreign incorporation/association. Thus, only the following clients of petitioner shall be considered as non-resident foreign corporations doing business outside the Philippines:

COMPANY NAME

LOCATION

1. Deutsche Bank (China) Co., Ltd., Beijing Branch Beijing, China

2. Deutsche Bank (China) Co., Ltd., Shanghai Branch Shanghai, China

3. Deutsche Bank Aktiengesellschaft, Asia Pacific Head Office Singapore - APHO

4. Deutsche Bank Aktiengesellschaft, Filiale Ho-Chi-Minh-Stadt Ho Chi Minh City, Vietnam

5. Deutsche Bank Aktiengesellschaft, Filiale London London

6. Deutsche Bank Aktiengesellschaft, Filiale New York New York

7. Deutsche Bank Aktiengesellschaft, Filiale Singapore Singapore

8. Deutsche Bank Luxembourg S.A. Luxembourg

9. DB Finance Inc. Tokyo, Japan

10. DB International (Asia) Limited Singapore 11 . Deutsche Asia Pacific Holdings Pte Ltd. Singapore- DAPH

12. Deutsche Group Services Pty Limited Sydney, Australia

13. Deutsche Securities Inc. Tokyo

14. DWS Holding & Service GMBH Frankfurt, Germany

15. PT Deutsche Securities Indonesia Jakarta, Indonesia Accordingly, petitioner's sales of services to the afore-mentioned entities for the first quarter of 2010 in the amount of €9,859,736.48 with peso equivalent of P627,255,650.48, as presented below, qualify for VAT zero-rating under Section 108(8)(2) of the NIRC of 1997, as amended: OR Inward Amount Ex h.

Remittance Collected in Company Name OR# No.

Exh. No.

Euro Peso Equivalent DB China Beijing 718 M-286 M-287 € 18,499.48 ~ 1,141 ,540.01 DB China Shanghai 630 M-145 M-146 27,955.62 1,851 ,506.30 DB China Shanghai 630 M-145 M-146 22,244.15 1,473,234.50 DB China Shanghai 630 M-348 M-349 8,349.15 552,965.87 DB China Shanghai 705 M-449 M-452 12,331.91 770,681 .48 DB China Shanghai 726 M-291 M-292 13,875.03 843,529.68 DB China Shanghai 726 M-291 M-292 27,750.60 1,687,092.1 8 DB China Shanghai 726 M-576 M-577 3,764.50 228,862.02 DB AG Asia Pacific H.O. 635 M-132 M-133 394,160.29 26,127,308.98 DB AG Asia Pacific H.O. 636 M-368 M-369 21 ,501 .92 1 ,425,276.27 DB AG Asia Pacific H.O. 638 M-398 M-399 17,079.14 1,132,107.87 DB AG Asia Pacific H.O. 641 M-169 M-170 6,032.34 401 ,207.92 DB AG Asia Pacific H.O. 642 M-165 M-166 17,584.20 1,169,516.35

DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Asia Pacific H.O. DB AG Ho Chi Minh DB AG Ho Chi Minh DB AG Ho Chi Minh DB AG London DB AG London DB AG London DB AG London DB AGNew York DB AGNew York DB AGNew York DB AGNew York DB AG Singapore DB AG Singapore DB AG Singapore DB AG Singapore DB AG Singapore DB AG Singapore DB AG Singapore DB AG Singapore DB AG Singapore DB AG Singapore DB AG Singapore DB AG Singapore DB AG Singapore DB AG Singapore DB AG Singapore DB AG Singapore DB AG Singapore 644 645 648 649 653 654 655 656 657 659 668 671 674 675 676 677 678 679 683 684 685 686 714 720 722 724 661 702 709 660 699 716 721 693 701 707 725 637 639 643 646 651 658 662 667 669 670 672 673 680 681 687 713 723 M-161 M-162 M-181 M-182 M-177 M-178 M-201 M-202 M-520 M-521 M-433 M-434 M-536 M-537 M-475 M-476 M-480 M-481 M-515 M-515 M-28 M-29 M-38 M-39 M-65 M-66 M-74 M-75 M-70 M-71 M-79 M-80 M-89 M-90 M-104 M-105 M-84 M-85 M-109 M-110 M-2 M-3 M-16 M-17 M-552 M-553 M-608 M-609 M-221 M-222 M-57 M-58 M-500 M-501 M-562 M-563 M-624 M-625 M-191 M-192 M-353 M-354 M-637 M-638 M-632 M-633 M-127 M-128 M-11 M-12 M-260 M-261 M-121 M-122 M-363 M-364 M-393 M-394 M-250 M-251 M-186 M-187 M-206 M-207 M-468 M-469 M-441 M-442 M-245 M-246 M-43 M-44 M-7 M-8 M-33 M-34 M-24 M-25 M-99 M-100 M-94 M-95 M-20 M-21 M-557 M-558 M-612 M-613 62,269.31 4,141,500.67 62,389.38 4,149,486.47 44,993.83 2,979,401 .43 24,041 .78 1,591 ,998.59 6,824.91 443,898.29 292,870.92 19,048,588.22 112,370.67 7,308,689.51 17,432.74 1,133,841 .00 5,480.82 356,477.47 2,748.62 178,772.72 12,600.00 807,070.32 12,500.00 800,665.00 15,000.00 960,798.00 5,000.00 320,266.00 4,000.00 256,212.80 58,064.51 3,719,217.67 12,000.00 768,638.40 24,000.00 1,537,276.80 12,000.00 768,638.40 12,000.00 768,638.40 12,000.00 768,638.40 12,899.99 826,285.64 65,341 .53 4,023,293.63 78,693.93 4,786,731.42 144,121.22 8,766,490.27 449,291 .54 27,329,146.36 3,860.51 249,590.08 941.95 58,949.87 3,538.50 219,977.22 451,787.52 29,209,011 .28 1,457,267.26 91 ,361,476.42 567,057.78 34,915,618.81 107,168.22 6,515,270.50 14,792.57 930,121 .30 381 ,255.90 23,952,363.79 2,075,285.62 130,061 ,885.32 9,858.84 599,685.63 56,805.09 3,765,382.20 307.00 20,349.80 35,887.13 2,386,835.07 109,861 .28 7,306,818.80 2,905.40 192,389.78 89,354.82 5,811 ,717.91 116,702.69 7,642,509.06 25,000.02 1,601 ,331.28 28,125.00 1 ,801 ,496.25 15,000.00 960,798.00 28,350.00 1,815,908.22 16,125.02 1,032,859.13 25,000.00 1,601 ,330.00 15,000.00 960,798.00 24,900.00 1 ,594,924.68 124,343.80 7,656,258.10 36.29 2,207.42

DB Finance Inc.

DB International (Asia) Limited DB International (Asia) Limited DB Luxembourg S.A.

DB Luxembourg S.A.

DB Luxembourg S.A.

DT Asia Pacific Holdings DT Group Services Pty Limited DT Group Services Pty Limited DT Group Services Pty Limited DT Group Services Pty Limited DT Group Services Pty Limited DT Group Services Pty Limited DT Group Services Pty Limited DT Group Services Pty Limited DT Securities Inc.

DT Securities Inc.

DWS Hold Service PT Deutsche Securities Indonesia TOTAL 691 M-334 640 M-339 729 M-670 650 M-544 692 M-445 727 M-660 633 M-313 663 M-323 666 M-196 666 M-216 666 M-373 666 M-485 666 M-527 704 M-579 706 M-403 634 M-280 711 M-61 717 M-665 700 M-318 M-335 1,382.50 88,096.36 M-340 46,250.10 3,068,994.76 M-671 46,250.10 2,813,264.08 M-545 6,981 .30 462,287.72 M-446 31 ,776.99 2,017,403.52 M-661 10,170.01 618,613.23 M-314 27,750.06 1,821,844.16 M-324 498,208.72 32,634,315.25 M-197 25,973.26 1,680,815.19 M-217 7,443.75 481 ,709.58 M-374 23,710.43 1,534,380.01 M-486 31,791 .20 2,057,313.25 M-528 6,958.43 450,302.92 M-580 29,326.91 1,832,782.31 M-404 3,930.37 246,577.26 M-281 984,749.96 65,275,135.85 M-62 118,150.10 7,341 ,256.46 M-666 18,500.04 1 '141 ,574.57 M-319 1,850.01 115,628.77 €9,859, 736.48 P627,255,650.48 The rest of petitioner's declared zero-rated sales in the amount of P231 ,060,219.61 (P858,315,870.09 less P627,255,650.48) shall be denied VAT zero-rating for petitioner's failure to prove that the entities to whom it rendered services are non-resident foreign corporations doing business outside the Philippines. Petitioner alleged that the entire amount of P33,868, 101.19, reflected in its Quarterly VAT Return for the first quarter of 2010 as input VAT from current purchase transactions, is attributable to its zero-rated sales of services for the said quarter. Below is the breakdown of the input tax of P33,868, 101.19: Input VAT from Current Transactions Purchase of Capital Goods exceeding 1 Million p 1 ,256,449.28 Purchase of Capital Goods not exceeding 1 Million 36,803.79 Domestic Purchases of Goods Other than Capital Goods 1 ,664,409.91 Domestic Purchases of Services 30,812,560.86 Services Rendered by Non-Residents 97,877.35 Total Input VAT P33,868,101.19

It must be noted that part of the total input VAT claim of P33,868, 101.19 is the amount of P1 ,256,449.28, representing input VAT on purchases of capital goods exceeding P1 Million. Pursuant to Section 110(A) of the NIRC of 1997, as amended, as implemented by Section 4.110-3 of RR No. 16-2005, input VAT claim on capital goods purchases attributable to zero-rated sales may be claimed either in full during the month of acquisition, or spread over a period of time, depending on the aggregate acquisition cost of the capital goods in the calendar month. If the aggregate acquisition cost exceeds P1 Million, the claim for input tax should be spread over 60 months or the estimated useful life of the capital goods, whichever is shorter. On the other hand, if the aggregate acquisition cost does not exceed P1 Million, the total input taxes shall be allowed as crediUrefund in the month of acquisition. While petitioner was able to substantiate the amount of P7 41 ,571.07 out of the total claimed input VAT of P1 ,256,449.28 on capital goods purchases exceeding P1 Million, only the amortization3s for the first quarter of 2010 in the amount of P22,027.35 may be claimed by petitioner as valid input tax credits for the same taxable quarter, as determined below: Input VAT Exhibit Invoice Date of Reported per Registered Name of Supplier No.

Number Invoice QVAT Return Amortization Accent Micro Technologies Inc. M-709 107845 1/14/2010 p 3,214.29 p 160.71 Accent Micro Technologies Inc. M-710 107846 1/14/2010 856.71 42.84 Accent Micro Technologies Inc. M-711 107850 1/14/2010 7,500.00 375.00 Accent Micro Technologies Inc. M-712 108013 1/20/2010 180,226.29 9,011 .31 Accent Micro Technologies Inc. M-713 108037 1/20/2010 17,035.71 851.79 Accent Micro Technologies Inc. M-714 108086 1/22/2010 11 ,040.00 552.00 Accent Micro Technologies Inc. M-715 108098 1/22/2010 15,428.57 771.43 Accent Micro Technologies Inc. M-716 108143 1/25/2010 15,428.57 771.43 Accent Micro Technologies Inc. M-717 108163 1/25/2010 39,214.29 1,960.71 Accent Micro Technologies Inc. M-732 109303 03/09/2010 439,066.07 7,317.77 Accent Micro Technologies Inc. M-733 109555 03/22/2010 460.71 7.68 Accent Micro Technologies Inc. M-734 109683 03/25/2010 1,347.43 22.46 Accent Micro Technologies Inc. M-735 109734 03/26/2010 4,180.50 69.68 Accent Micro Technologies Inc. M-736 109736 03/26/2010 2,571.43 42.86 Accent Micro Technologies Inc. M-737 109754 03/26/2010 4,180.50 69.68 Total p 741,751.07 p 22,027.35 Consequently, the unamortized input VAT of P719,723.72 (P741,751.071ess P22,027.35) and the input VAT of P514,698.21 pertaining to purchase of capital goods exceeding P1 Million, the supporting VAT invoice of which was not presented before this Court, shall be deducted from petitioner's input VAT claim. 9z- 38 Based on estimated useful life of 60 months since the Court cannot ascertain the estimated useful life used by petitioner in depreciating the said capital goods.

In addition, the input VAT of P11 ,556,290.62,39 as summarized below, shall be disallowed for petitioner's failure to meet the substantiation requirements under Sections 110(A) and 113(A) and (B) of the NIRC of 1997, as amended by RA No. 9337, and as implemented by Sections 4.110-2, 4.110-8 and 4.113-1 of Revenue Regulations No. 16-05: FINDINGS

DISALLOWED INPUT VAT

1. Domestic purchases of services supported by VAT ORs wherein the input VAT were not separately indicated ~ 5,470,274.88

2. Domestic purchases of goods other than capital goods supported by VAT invoice wherein the input VAT were not separately indicated 71 ,165.89 3.

Domestic purchases of services without supporting VAT ORs 3,527,052.60 4.

Domestic purchases of goods other than capital goods without supporting VAT invoice 11135,586.84

5. Domestic purchases of capital goods not exceeding P1 M supported by VAT invoices dated outside the period of claim 6,596.14 6.

Domestic purchase of services supported by VAT OR dated outside the period of claim 3,235.68

7. Overclaimed input VAT on domestic purchases of service supported by VAT OR 89,424.36

8. Input VAT on services rendered by non-residents without supporting documents 97,877.35

9. Input VAT on services supported by documents imprinted with the statement "This document is not a valid source of input tax" 1 '155,076.88 TOTAL p 11,556,290.62 Thus, only the remaining amount of P21 ,077,388.64 represents petitioner's valid input VAT for the first quarter of 2010. After applying petitioner's valid input VAT of P21 ,077,388.64 against its output VAT of P713,041.78 for the subject period of claim, there remains an excess input VAT of P20,364,346.86, which can be attributed to the entire zero-rated sales/receipts declared by petitioner in the amount of P858,315,870.09. Accordingly, only the input VAT of P14,882,227 .02 is attributable to the valid zero-rated sales of P627,255,650.48, as computed below: Input VAT claimed for refund ~ 33,868,101.19 Less:

Disallowances Unamortized Input VAT on Capital Goods exceeding ~1 Million ~ 719,723.72 Input VAT on Capital Goods exceeding ~1 Million without supporting documents 514,698.21 Input VAT on purchases of services and goods other than capital goods 11 ,556,290.62 12,790,712.55 Valid Input VAT P21 ,077,388.64 39 See Annex A of this Court's Findings for details.

Less:

Output VAT Valid Excess Input VAT Valid Zero-Rated Sales/Receipts 713,041 .78 P20,364,346.86 627,255,650.48 Divided by Total Reported Zero-Rated Sales/Receipts 858,315,870.09 Multiply by Valid Excess Input VAT 20,364,346.86 Excess Input VAT attributable to the Valid Zero-Rated Sales/Receipts P14,882,227 .02 Even though the claimed input VAT was carried over by petitioner in the succeeding Quarterly VAT Returns,4o the same remained unutilized until it was deducted41 from petitioner's total available input tax in the fourth quarter of 2011 . As a result, the subject claim no longer formed part of the excess input VAT of P254,551 ,269.8642 as of the fourth quarter of 2011 which was carried over/applied to the succeeding first quarter of 2012.43

WHEREFORE, premises considered, the instant Petition for Review is hereby PARTIALLY GRANTED. Accordingly, let a tax refund or a tax credit certificate be issued in favor of petitioner in the amount of P14,882,227.02 representing its unutilized input VAT attributable to its zero-rated sales for the first quarter of 2010.

WE CONCUR:

CAESAR A. CASANOVA Associate Justice 40 Exhibits "D-1" to "D-6" and "R-1" 41 Line 23E of Exhibit "R-1" 42 Line 27, Exhibit"R-1" 43 Line 20E Exhibit "R-2" , ~~~ L?.C17'--~t'1 , 1UANITO C. CASTANEDA, Jf.J Associate Justice (On Leave) AMELIA R. COTANGCO-MANALASTAS Associate 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's Division.

~'1oC~~A 1 Q lJUANITO C. CASTANEDA, JR.- Associate Justice Chairperson CERTIFICATION Pursuant to Article VIII, Section 13 of the Constitution, and the Division 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. Presiding Justice Exhibit Findings No.

Invoice Number AnnexA

Input VAT Amount 1 Domestic purchases of services supported by VAT ORs wherein the input VAT were not separately indicated 6-24 PROPERTY HOLDINGS INC. M-675 210-213 377 508.24 6-3 PROPERTY HOLDINGS INC. M-693 SA294 167 013.36 6-3 PROPERTY HOLDINGS INC. M-693 SA295 1065.96 6-3 PROPERTY HOLDINGS INC. M-693 SA296 3 511.62 ACCENTURE M-2249 512 1 021 265.43

ACCENT MICRO TECHNOLOGIES INC

M-729 107413 11040.00

ACCENT MICRO TECHNOLOGIES INC

M-730 108316 277.45

ACCENT MICRO TECHNOLOGIES INC

M-731 109054 11 040.00

ASIA SELECT INC

M-756 10317 4 731.58

ASIA SELECT INC

M-757 10409 4 492.58

ASIA SELECT INC

M-758 10460 4 074.13

ASIA SELECT INC

M-759 10563 4 519.19

ASIA SELECT INC

M-760 10647 3 964.18

ASIA SELECT INC

M-761 10721 4 279.18 BENCHMARK CONSULTING CO. M-811 20100001 10 800.00 BENCHMARK CONSULTING CO. M-812 2010-00-24 1 200.00 Biq Media Imaqinq Systems Inc. M-819 2942 85.71

BIGFISH RESTAURANT CONCEPTS INC

M-822 404 1 607.14

BIGFISH RESTAURANT CONCEPTS INC

M-822 405 916.07

BIGFISH RESTAURANT CONCEPTS INC

M-823 408 13 323.21

BONIFACIO BISTRO ITALIANO

M-824 11210 353.57

BONIFACIO BISTRO ITALIANO

M-825 21510 5 560.71 BUSINESSWORKS INC.

M-829 2651 1 408.16 BUSINESSWORKS INC.

M-830 2653 10 714.29 BUSINESSWORKS INC.

M-831 2659 10 714.29 BUSINESSWORKS INC.

M-832 2660 428.57 CIBI INFORMATION INC. M-845 28712 2 106.00 CIBI INFORMATION INC. M-846 29150 630.00

DHL EXPRESS PHILS CORP

M-996 D01469802A 3.60

DHL EXPRESS PHILS CORP

M-1000 D01477492A 483.60

DHL EXPRESS PHILS CORP

M-1000 MNL976157 5 718.75

DHL EXPRESS PHILS CORP

M-1000 D01475199A 3.60

DHL EXPRESS PHILS CORP

M-1002 D01480902A 3.60

DHL EXPRESS PHILS CORP

M-1004 D01509310 3.60

DHL EXPRESS PHILS CORP

M-1005 D01509812 502.60

DHL EXPRESS PHILS CORP

M-1015 MNL978732 5 148.21

DHL EXPRESS PHILS CORP

M-1016 MNL981149 5 719.69

ELCRON CONSTRUCTION

M-1017 3 3 053.57

ELLENAIRE ELECTRO MECHANICAL CORP

M-1019 150 9 798.00

ELLENAIRE ELECTRO MECHANICAL CORP

M-1020 166 9 798.00

ELLENAIRE ELECTRO MECHANICAL CORP

M-1021 181 9 798.00

ELLENAIRE ELECTRO MECHANICAL CORP

M-1022 189 9 798.00

EXCELSIOR TOURS AND TRANSPORT

M-1041 1110 910.71 Extreme Operations Protective M-1129 PRF 11.12.2009 6 227.89

FIRST FORTUNA INSURANCE

M-1153 GA-10-00000578 2 950.64

FIRST FORTUNA INSURANCE

M-1154 GA1000000579 2 950.64

FMR CORPORATION

M-1155 121209-BIR 846.43 1 Exhibit Findings No.

FTL HOTELS INC

M-1160

FTL HOTELS INC

M-1160

FTL HOTELS INC

M-1161

FTL HOTELS INC

M-1161

FTL HOTELS INC

M-1161

FTL HOTELS INC

M-1164 GOUDIE ASSOCIATES MANILA LTD. M-1652

HOSPITAUTY INTERNATIONAL/ INC

M-1676

HOSPITALITY INTERNATIONAL INC

M-1676

HOSPITALITY INTERNATIONAL INC

M-1676 HOSPITALITY INTERNATIONAL, INC M-1679 I SYSTEMS INTEGRATORS INC. M-1683

INTERNATIONAL ELEVATOR & EQUIP

M-1787

JALTAR CORPORATION

M-1789

JOHN CLEMENTS CONSULTANTS INC

M-1795

JOHN CLEMENTS CONSULTANTS INC

M-1796

JOHN CLEMENTS CONSULTANTS INC

M-1796

JOHN CLEMENTS CONSULTANTS INC

M-1797

JOHN CLEMENTS CONSULTANTS INC

M-1798

JOHN CLEMENTS CONSULTANTS INC

M-1799

KC INDUSTRIAL CORP

M-1807

LANTRO PHILS INC

M-1808

LANTRO PHILS INC

M-1809 MANILA PENINSULA HOTEL INC. M-1821 MC ENGINEERING INC.

M-1830 MC ENGINEERING, INC.

M-1832

MEC NETWORKS CORPORATION

M-1833 MICRO-D INTERNATIONAL INC. M-1838 MICRO-D INTERNATIONAL INC. M-1838 MICRO-D INTERNATIONAL INC. M-1839 MICRO-D INTERNATIONAL INC. M-1838 MICRO-D INTERNATIONAL INC. M-1839 MICRO-D INTERNATIONAL INC. M-1840 MICRO-D INTERNATIONAL INC. M-1840 MICRO-D INTERNATIONAL INC. M-1842 MICRO-D INTERNATIONAL INC. M-1843 MICRO-D INTERNATIONAL INC. M-1843 MISNET EDUCATION INC. M-1845

NEXSTEP INC

M-1851

NEXSTEP INC

M-1852

NEXSTEP INC

M-1853 PLDT M-1887

PREMIUM SECURITY & INVESTIGATION

M-2098

PREMIUM SECURITY & INVESTIGATION

M-2099

PREMIUM SECURITY & INVESTIGATION

M-2099

PREMIUM SECURITY & INVESTIGATION

M-2099

PREMIUM SECURITY & INVESTIGATION

M-2100

PREMIUM SECURITY & INVESTIGATION

M-2101

PREMIUM SECURITY & INVESTIGATION

M-2102 Invoice Number SOMl0-0047 SOMl0-0051 SOMl0-0046 SOM10-0049 SOM10-0050 SOM10-0072

39978 INV10/7699

12-85/09 10-79/09 12-44/09 12-45/09 996 7974

PRF 1/12/2010

21967 21971 21972 21973 21998 2818 58419 2139 2218 47723 3204 3206 3635 14493 14494 14578 14579 14585 14580 14581 14676 14678 14679 10309 2010001 2010002 2010003 25497744 92795 93063 93066 93238 93239 93240 93376 AnnexA

Input VAT Amount 14 711.76 1 326.72 10 428.06 1 325.09 4 515.84 11498.20 71657.14 10 528.07 18 767.79 66 731.40 10 026.73 124 875.00 127 652.68 97 497.24 23 814.00 33 806.16 33 806.16 77 678.57 960.00 77 678.57 27 053.57 1116.33 368.12 1 632.00 452 702.15 270 745.14 14 464.29 11 250.00 11 250.00 129 645.67 35 519.78 3 985.71 2 310.52 191.69 125 608.28 2 433.21 57.51 2 057.14 186 000.00 156 000.00 43 200.00 188 340.22 76.63 6 790.06 4 139.23 54.35 36.23 1136.58 120.77 2 Exhibit Findings No.

PREMIUM SECURITY & INVESTIGATION

M-2102

PREMIUM SECURITY & INVESTIGATION

M-2102

PREMIUM SECURITY & INVESTIGATION

M-2103

PREMIUM SECURITY & INVESTIGATION

M-2103

PREMIUM SECURITY & INVESTIGATION

M-2103

PREMIUM SECURITY & INVESTIGATION

M-2109

PREMIUM SECURITY & INVESTIGATION

M-2112

PREMIUM SECURITY & INVESTIGATION

M-2112

PREMIUM SECURITY & INVESTIGATION

M-2113

PREMIUM SECURITY & INVESTIGATION

M-2115

PROFESSIONAL SKILLS ENRICHMENT

M-2122

PROFESSIONAL SKILLS ENRICHMENT

M-2123

PROFESSIONAL SKILLS ENRICHMENT

M-2124

PSEI FIRESAFETY SYSTEM

M-2129

PSEI FIRESAFETY SYSTEM

M-2126

PSEI FIRESAFETY SYSTEM

M-2127

PSEI FIRESAFETY SYSTEM

M-2128

PSEI FIRESAFETY SYSTEM

M-2128

PSEI FIRESAFETY SYSTEM

M-2130

PSEI FIRESAFETY SYSTEM

M-2132

REALFORM FURNITURE SHOP

M-2142

REALFORM FURNITURE SHOP

M-2143

REALFORM FURNITURE SHOP

M-2144

SERVCOM INCORPORATED

M-2162

SINCLAIR KNIGHT MERZ (PHILIPPINES)

M-2177

SYCIP SALAZAR HERNANDEZ & GATMAITAN

M-2209

TAGAYTAY HIGHLANDS INTERNATIONAL

M-2212

THEUER EUROLIGHTING

M-2220

TIERRA INTERNATIONAL CONSTRUCTION

M-2221

UNITED GLOBAL REAL ESTATE

M-2232 UNIVERSITY OF STO. TOMAS M-2233

UPS-DELBROS INTERNATIONAL

M-2234

UPS-DELBROS INTERNATIONAL

M-2235 VIVENTIS SEARCH ASIA INC. M-2240 VIVENTIS SEARCH ASIA INC. M-2241 VRJ HOLDINGS INC.

M-2243

WIL-AN COMMERCIAL INC

M-2245 PLOT M-1898 PLOT M-1899 PLOT M-1904 PLOT M-1906 PLOT M-1907 PLOT M-1909 PLOT M-1914 PLOT M-1917 PLOT M-1927 PLOT M-1928 PLOT M-1933 PLOT M-1940 Invoice Number 93486 93489 93487 93488 93619 94200 94478 94476 94477 94479 3960 3961 3963 1426 1389 1390 1413 1414 1427 1442 331 340 348 6533 PS02909 5088178 SOA 02.05.2010 SOA 03.04.10

PRF 12/21/2009

PRF 01.05.2010 PRF 12.22.09 4E+11 4E+11 2381 2493 10/01-002 1830 28163770 28754640 29032066 29363209 29363211 29363224 29363245 29363257 29363280 29363281 29363289 29363301 AnnexA

Input VAT Amount 4 115.54 191.57 6 767.04 229.89 4 067.81 18.12 114.94 7 115.32 3 817.10 18.12 10 920.00 22 920.00 11460.00 2 340.00 4 146.43 2,340.00 2 340.00 4 146.43 4 146.43 4,146.43 16 800.00 110.40 9,600.00 4 821.43 30 720.00 12 107.76 15 722.68 3 214.29 432 000.00 48 870.00 975.00 2 897.00 127 620.00 43 200.00 13 356.00 273 908.52 1 339.29 394.00 239.40 16 200.00 197.59 42 695.61 160.71 239.40 239.40 389.38 389.38 239.40 239.40 3 Exhibit Findings No.

PLOT M-1947 PLOT M-1972 Sub-total Invoice Number 29363313 29630760 AnnexA

Input VAT Amount 6 127.56 19 980.00

5. 470. 274.88 2 Domestic purchases of goods other than capital goods supported by VAT invoice wherein the input VAT were not separately indicated

AB METAL CRAFT MFG

M-707 8266 1 392.86

AB METAL CRAFT MFG

M-708 8279 2 828.57 FIRENZE OF CHICAGO INC. M-1152 1468 3 092.14 INTENSE CAR AUTO SALON CORP. M-1786 2093 3 642.86 NATIONAL BOOK STORE INC. M-1850 843851 925.71

PETALS GALORE FLORIST

M-1862 637 535.71 PRECISION BLACK TONER INC. M-2091 12507 6 787.50 PRECISION BLACK TONER INC. M-2092 12751 5 575.71 PRECISION BLACK TONER INC. M-2093 12760 1 479.11 PRECISION BLACK TONER INC. M-2094 12816 2 098.93 PRECISION BLACK TONER INC. M-2095 12906 9 878.57 PRECISION BLACK TONER INC. M-2096 13043 2 098.93 PRECISION BLACK TONER INC. M-2097 13146 20 796.43

PSEI FIRESAFETY SYSTEM

M-2125 1425 7 714.29

RELECH TRADING

M-2145 83 1 461.43

SERVCOM INCORPORATED

M-2161 6649 857.14 Sub-total 71,165.89 3 Domestic purchases of services without supportin~ VAT ORs

ACCRA LAW OFFICE

1187323 5 400.00 ASCOTT MAKATI INC.

AM09-2309 24 652.80

AVAYA PHILIPPINES INC

AIP0910028/ AOS

280 901.50

AVAYA PHILIPPINES INC

AIP0910029/ AOS

258 843.26

AVAYA PHILIPPINES INC

AIP0912003/ AOS

259 380.85

AVAYA PHILIPPINES INC

AIP0912004/ AOS

274 373.58

AVAYA PHILIPPINES INC

AIP1001002/ AOS

275 892.35 BUSINESSWORKS INC.

2654 10 714.29

DEVELOPMENT DIMENSIONS

3240 11 764.29

DHL EXPRESS PHILS CORP

001457544 3.60

DHL EXPRESS PHILS CORP

001457643 667.60

DHL EXPRESS PHILS CORP

001457647 635.60

DHL EXPRESS PHILS CORP

MNL954316 3 916.18

DHL EXPRESS PHILS CORP

MNL959362 3 048.10

DHL EXPRESS PHILS CORP

MNL968382 6 003.35

DIGITAL TELECOMMUNICATIONS

126490000 184 488.24

DIGITAL TELECOMMUNICATIONS

128433944 183 606.48

DIGITAL TELECOMMUNICATIONS

130481479 185 931.12

DIGITAL TELECOMMUNICATIONS

132445913 185 169.60

DIGITAL TELECOMMUNICATIONS

134439730 194 964.72 E.E. BLACK L TO.

1294 487 669.72 ESCO Audio Visual Pte.Ltd. ESI26240A 14 464.29 ESCO Audio Visual Pte.Ltd.

ESI 26240B

9 964.29 ESCO Audio Visual Pte.Ltd. ESI26241A 29 288.57 ESCO Audio Visual Pte.Ltd. ESI26241B 2 892.86 ESCO Audio Visual Pte.Ltd. ESI29361 2 940.00 4 Exhibit Findings No.

ESCO Audio Visual Pte.Ltd. ESCO Audio Visual Pte.Ltd. ESCO Audio Visual Pte.Ltd. Extreme Operations Protective Full Circle Communications Inc HEADSTRONG PHILIPPINES INC. HEADSTRONG PHILIPPINES INC. HEADSTRONG PHILIPPINES INC. HEADSTRONG PHILIPPINES INC. HEADSTRONG PHILIPPINES INC. HEADSTRONG PHILIPPINES INC. HEADSTRONG PHILIPPINES INC. HEADSTRONG PHILIPPINES INC. HEADSTRONG PHILIPPINES INC. HEADSTRONG PHILIPPINES INC. HEADSTRONG PHILIPPINES INC. HEWLElT-PACKARD PHILIPPINES

I-2 INDUSTRIES

MAXICARE HEALTHCARE CORP

MAXICARE HEALTHCARE CORP

PRIMOVER CONSULTANCY SERVICES

REUTERS LIMITED

REUTERS LIMITED

Serqio D. Gacias Jr SGV & CO.

SMART COMMUNICATIONS INC

TEAM ALLIED

TEAM ALLIED

Sub-total Invoice Number ESI29655 ESI29827 ESI29904 SOAl/29/10 175 392 395 396 397 398 445 446 447 448 449 469 R1FI060172A 10002015 C017631080018 C017631080021 3546 10-000198 PH01167-010 D-0006

ITR PREPARATION

13223408 538947 539439 AnnexA

Input VAT Amount 690.00 6 060.00 690.00 6 561.53 13 695.00 24 658.30 28 060.20 18 549.51 22 287.31 23 108.71 18 378.36 25 957.15 18 378.36 11 730.64 9 706.20 15 667.08 146 807.28 79 164.00 3 277.66 715.02 2 628.57 139 441.61 694.75 494.85 2 160.00 472.42 1 547.00 7 893.85 3,527. 052.60 4 Domestic ourchases of goods other than caoital goods without suooortinq VAT invoice CHEO SYSTEMS INC.

1942 348 000.00 CHEO SYSTEMS INC.

SOA 2010-22

1 653.12 CffiMEX INC.

28748 117 120.00 CONTRADE ENTERPRISES INC. 2 88 936.40 CONTRADE ENTERPRISES INC. 3 57 242.23 CONTRADE ENTERPRISES INC. 4 2 017.35 DATACRAFT PHILIPPINES INC. 7710006517/6402 436 189.00 ESCO Audio Visual Pte.Ltd. ESI29529 1 710.00 FACILITIES MANAGERS INC. 90564 300.64 FACILffiES MANAGERS INC. 90567 599.83

FUJI XEROX PHILIPPINES INC

336665 107.14

JJED PHILIPPINES INC

81420 1 682.37

MERCURY DRUG CORPORATION

28367550 1 659.70

MERCURY DRUG CORPORATION

28367951 1144.93

MERCURY DRUG CORPORATION

28367952 1 862.97

MERCURY DRUG CORPORATION

28367993 586.61 Paoertech Inc.

205694 8 775.00 Papertech Inc.

206934 19 504.26 Papertech Inc.

208983 4 834.27 5 AnnexA

Exhibit Input VAT Findings No.

Invoice Number Amount Papertech Inc.

208984 514.29

PHILIPPINE VENDING CORPORATION

63560 9 477.38

PHILIPPINE VENDING CORPORATION

76117 3 507.05

PHILIPPINE VENDING CORPORATION

78371 9 959.91

QUARTZ BUSINESS PRODUCTS CORP

411203 980.36

RICH MARK TRADE DEVELOPMENT

30951 261.37

RICH MARK TRADE DEVELOPMENT

31057 262.45

SHELLSOFT TECHNOLOGY CORPORATION

3506 9 428.57

SKY COMPUTER AND OFFICE SUPPLIES

183879 349.93

SKY COMPUTER AND OFFICE SUPPLIES

184078 93.21

SKY COMPUTER AND OFFICE SUPPLIES

191579 2 421.43

SKY COMPUTER AND OFFICE SUPPLIES

191580 1 987.50

SKY COMPUTER AND OFFICE SUPPLIES

192005 85.71

SKY COMPUTER AND OFFICE SUPPLIES

194098 285.00

SKY COMPUTER AND OFFICE SUPPLIES

194543 2 046.86 Sub-total 1,13~586.84 5 Domestic purchases of capital goods not exceeding PlM supported by VAT invoices dated outside the period of claim

ACCENT MICRO TECHNOLOGIES INC

M-718 107223 804.43

ACCENT MICRO TECHNOLOGIES INC

M-719 107431 1178.57

ACCENT MICRO TECHNOLOGIES INC

M-720 107455 1 232.14

ACCENT MICRO TECHNOLOGIES INC

M-721 107590 2 415.00

ACCENT MICRO TECHNOLOGIES INC

M-722 107591 966.00 Sub-total 6,596.14 6 Domestic purchase of services supported bv VAT OR dated outside the period of claim ASCOTT MAKATI INC.

M-741 330400011420 3 235.68 Sub-total 3,235.68 7 Overclaimed inout VAT on domestic purchases of service supported bv VAT OR

AUTOHOME BUSINESS SOLUTIONS INC

M-766 733 4 086.21

AUTOHOME BUSINESS SOLUTIONS INC

M-767 734 3 494.12 BUSINESSWORKS INC.

M-827 2642 4 591.83 BUSINESSWORKS INC.

M-828 2643 7 755.10

CAREER MANAGEMENT CONSULTING

M-833 153 2 630.73

CAREER MANAGEMENT CONSULTING

M-834 154 1 545.82

CAREER MANAGEMENT CONSULTING

M-835 156 1 786.80

CAREER MANAGEMENT CONSULTING

M-836 157 2 208.00

CAREER MANAGEMENT CONSULTING

M-837 158 1 772.64

DHL EXPRESS PHILS CORP

M-992 D01451882 16 592.49

DHL EXPRESS PHILS CORP

M-994 D01464220 3 082.93

DHL EXPRESS PHILS CORP

M-995 D01469723A 702.44

DHL EXPRESS PHILS CORP

M-998 D01472693A 436.00 FACILffiES MANAGERS INC. M-1138 90825 272.63

FUJI XEROX PHILIPPINES INC

M-1165 144400 to 144402 2 406.27

FUJI XEROX PHILIPPINES INC

M-1166 144536 to 144539 2 853.36

HOSPITALITY INTERNATIONAL INC

M-1674 02-03/10 581.69

LEAVES & BRANCHES ENTERPRISES

M-1810 5607 8 090.62

LEAVES & BRANCHES ENTERPRISES

M-1811 5714 12 365.44

LEAVES & BRANCHES ENTERPRISES

M-1812 5865 8 090.62

U SYNERGY INCORPORATED

M-1813 419 160.57 6 Exhibit Findings No.

U SYNERGY INCORPORATED

M-1814 NO KA 01 (PHILS) INTL INC. M-1854 NO KA 01 (PHILS) INTL INC. M-1855 NO KA 01 (PHILS) INTL INC. M-1857 ORACLE PHILIPPINES CORP. M-1858 ORACLE PHILIPPINES CORP. M-1859 VIVENTIS SEARCH ASIA INC. M-2242 Sub-total Invoice Number 428 24661/24663 24662 24820 3013460/3013503/3013566 SOA 02.03.2010 2634 AnnexA

Input VAT Amount 160.57 125.06 50.22 75.71 508.67 2 097.82 900.00 89,424.36 8 Inout VAT on services rendered bv non-residents without suooortina documents

FIRST ADVANTAGE AUSTRALIA

48887 23 051.32

FIRST ADVANTAGE AUSTRALIA

48888 5 674.70

HDAP SINGAPORE PTE LTD

HDAP/017 /JAN 10

69 151.33 Sub-total 97,877.35 9 Input VAT on services supported by documents imprinted with the statement "This document is not a valid source of inout tax" PLDT M-1869 28754740 239.40 PLDT M-1870 20473026 239.40 PLDT M-1870 20861146 (691.31) PLDT M-1870 20025516 239.40 PLDT M-1870 30572330 (533.90) PLDT M-1870 16712142 239.40 PLDT M-1870 17272404 239.40 PLDT M-1870 22776257 239.40 PLDT M-1870 23390443 239.40 PLDT M-1870 24354603 436.17 PLDT M-1870 25497762 239.40 PLDT M-1870 28754619 160.71 PLDT M-1870 28754651 239.40 PLDT M-1871 20861106 (181.85) PLDT M-1871 20025476 160.71 PLDT M-1871 17786932 160.71 PLDT M-1875 20473075 239.40 PLDT M-1875 23390444 239.40 PLDT M-1875 26965015 (333.85) PLDT M-1875 20025567 239.40 PLDT M-1877 20473074 239.40 PLDT M-1881 26070304 104.26 PLDT M-1881 25497738 239.40 PLDT M-1881 24354579 239.40 PLDT M-1881 23958743 239.40 PLDT M-1881 19492037 239.40 PLDT M-1881 16189586 239.40 PLDT M-1884 24354585 43 261.60 PLDT M-1885 28754739 (39.35) PLDT M-1885 26070328 239.40 PLDT M-1885 26965038 239.40 PLDT M-1885 27602758 239.40 PLDT M-1885 15823402 436.17 PLDT M-1885 16479824 239.40 7 Exhibit Findings No.

Invoice Number PLDT M-1887 25497744 PLDT M-1890 26070310 PLDT M-1892 26070331 PLDT M-1892 28754742 PLDT M-1894 26965020 PLDT M-1895 28754724 PLDT M-1895 26965026 PLDT M-1897 27602761 PLDT M-1901 28754727 PLDT M-1905 29032067 PLDT M-1908 29363213 PLDT M-1910 29363241 PLDT M-1911 29363242 PLDT M-1912 29363243 PLDT M-1913 29363244 PLDT M-1915 29363247 PLDT M-1916 29363256 PLDT M-1918 29363260 PLDT M-1919 29363261 PLDT M-1920 29363263 PLDT M-1921 29363264 PLDT M-1922 29363265 PLDT M-1923 29363266 PLDT M-1924 29363269 PLDT M-1925 29363273 PLDT M-1926 29363279 PLDT M-1929 29363283 PLDT M-1930 29363285 PLDT M-1931 29363286 PLDT M-1932 29363288 PLDT M-1934 29363291 PLDT M-1935 29363292 PLDT M-1936 29363293 PLDT M-1937 29363296 PLDT M-1938 29363298 PLDT M-1939 29363299 PLDT M-1941 29363302 PLDT M-1942 29363303 PLDT M-1943 29363304 PLDT M-1944 29363305 PLDT M-1945 29363309 PLDT M-1946 29363311 PLDT M-1948 29363314 PLDT M-1949 29363315 PLDT M-1950 29363318 PLDT M-1951 29363322 PLDT M-1952 29363323 PLDT M-1953 29363325 PLDT M-1954 29363326 AnnexA

Input VAT Amount 188 340.22 201 497.13 628.35 (31.48) 75 524.43 (47.23) 239.40 239.40 239.40 19 980.00 239.40 239.40 239.40 239.40 239.40 160.71 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 160.71 389.38 69 431.94 239.40 239.40 239.40 239.40 239.40 239.40 160.71 239.40 239.40 239.40 160.71 160.71 6 190.50 217.68 160.71 239.40 239.40 239.40 239.40 239.40 217.68 217.68 8 Exhibit Findings No.

PLDT M-1955 PLDT M-1956 PLDT M-1957 PLDT M-1958 PLDT M-1959 PLDT M-1960 PLDT M-1961 PLDT M-1962 PLDT M-1963 PLDT M-1964 PLDT M-1965 PLDT M-1966 PLDT M-1967 PLDT M-1968 PLDT M-1969 PLDT M-1970 PLDT M-1971 PLDT M-1973 PLDT M-1974 PLDT M-1975 PLDT M-1976 PLDT M-1977 PLDT M-1978 PLDT M-1979 PLDT M-1980 PLDT M-1981 PLDT M-1982 PLDT M-1983 PLDT M-1984 PLDT M-1985 PLDT M-1986 PLDT M-1987 PLDT M-1988 PLDT M-1989 PLDT M-1990 PLDT M-1991 PLDT M-1992 PLDT M-1993 PLDT M-1994 PLDT M-1995 PLDT M-1996 PLDT M-1997 PLDT M-1998 PLDT M-1999 PLDT M-2000 PLDT M-2001 PLDT M-2002 PLDT M-2003 PLDT M-2004 Invoice Number 29363327 29363328 29363330 29363331 29363332 29363333 29363334 29363335 29363336 29363337 29363338 29363339 29363340 29363341 29363342 29363344 29363349 29958718 29958720 29958731 29958748 29958749 29958750 29958751 29958752 29958754 29958763 29958764 29958767 29958768 29958770 29958771 29958772 29958773 29958776 29958780 29958786 29958787 29958788 29958790 29958792 29958793 29958795 29958796 29958798 29958799 29958800 29958803 29958805 AnnexA

Input VAT Amount 77 612.55 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 428.59 239.40 160.71 239.40 239.40 239.40 239.40 239.40 160.71 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 160.71 389.38 389.38 389.38 71 807.19 239.40 239.40 239.40 239.40 239.40 239.40 239.40 160.71 239.40 9 Exhibit Findings No.

Invoice Number PLDT M-2005 29958806 PLDT M-2006 29958808 PLDT M-2007 29958809 PLDT M-2008 29958810 PLDT M-2009 29958811 PLDT M-2010 29958812 PLDT M-2011 29958816 PLDT M-2012 29958818 PLDT M-2013 29958820 PLDT M-2014 29958821 PLDT M-2015 29958825 PLDT M-2016 29958829 PLDT M-2017 29958830 PLDT M-2018 29958832 PLDT M-2019 29958833 PLDT M-2020 29958834 PLDT M-2021 29958835 PLDT M-2022 29958837 PLDT M-2023 29958838 PLDT M-2024 29958839 PLDT M-2025 29958840 PLDT M-2026 29958841 PLDT M-2027 29958842 PLDT M-2028 29958843 PLDT M-2029 29958844 PLDT M-2030 29958846 PLDT M-2031 29958847 PLDT M-2032 29958848 PLDT M-2033 29958849 PLDT M-2034 29958856 PLDT M-2035 30232176 PLDT M-2036 30572326 PLDT M-2037 30572327 PLDT M-2038 30572328 PLDT M-2039 30572341 PLDT M-2040 30572358 PLDT M-2041 30572359 PLDT M-2042 30572361 PLDT M-2043 30572362 PLDT M-2044 30572373 PLDT M-2045 30572377 PLDT M-2046 30572378 PLDT M-2047 30572380 PLDT M-2048 30572381 PLDT M-2049 30572382 PLDT M-2050 30572383 PLDT M-2051 30572386 PLDT M-2052 30572390 PLDT M-2053 30572397 AnnexA

Input VAT Amount 239.40 239.40 239.40 160.71 160.71 6 123.84 217.68 160.71 6 120.00 239.40 239.40 239.40 239.40 217.68 217.68 79 450.92 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 19 980.00 368.59 27 000.00 24 480.00 160.71 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 160.71 389.38 10 Exhibit Findings No.

Invoice Number PLDT M-2054 30572398 PLDT M-2055 30572400 PLDT M-2056 30572403 PLDT M-2057 30572406 PLDT M-2058 30572408 PLDT M-2059 30572409 PLDT M-2060 30572410 PLDT M-2061 30572413 PLDT M-2062 30572415 PLDT M-2063 30572416 PLDT M-2064 30572418 PLDT M-2065 30572419 PLDT M-2066 30572420 PLDT M-2067 30572421 PLDT M-2068 30572426 PLDT M-2069 30572431 PLDT M-2070 30572435 PLDT M-2071 30572439 PLDT M-2072 30572440 PLDT M-2073 30572443 PLDT M-2074 30572444 PLDT M-2075 30572445 PLDT M-2076 30572447 PLDT M-2077 30572448 PLDT M-2078 30572449 PLDT M-2079 30572450 PLDT M-2080 30572451 PLDT M-2081 30572452 PLDT M-2082 30572454 PLDT M-2083 30572455 PLDT M-2084 30572456 PLDT M-2085 30572457 PLDT M-2086 30572458 PLDT M-2087 30572459 PLDT M-2088 30572461 PLDT M-2089 30572466 PLDT M-2090 31044868 Sub-total Grand Total AnnexA

Input VAT Amount 389.38 74 611.44 239.40 239.40 239.40 239.40 239.40 160.71 239.40 239.40 239.40 239.40 160.71 160.71 217.68 239.40 239.40 239.40 239.40 217.68 99 300.53 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 239.40 19 980.00 1,155. 076.88 11 556 290.62 11