Manulife Data Services, Inc. v. Commissioner of Internal Revenue

SPECIAL THIRD DIVISION [C.T.A. CASE NO. 9126. July 5, 2019.] MANULIFE DATA SERVICES, INC. , petitioner , vs. COMMISSIONER OF INTERNAL REVENUE , respondent . DECISION RINGPIS-LIBAN , J p : The Case The case involves the Petition for Review 1 filed by Manulife Data Services, Inc. to seek the refund or issuance of tax credit certificate in the amount of Sixty Million Four Hundred Eighty Thousand Nine Hundred Nineteen Pesos and Eighteen Centavos (Php60,480,919.18), allegedly representing its excess and unutilized input value-added tax ("VAT") for the four quarters of calendar year ("CY") 2013. HTcADC The Parties Petitioner Manulife Data Services, Inc. is a Regional Operating Headquarters (ROHQ) duly licensed by the Securities and Exchange Commission ("SEC") under SEC Certificate of Registration and License No. FS200603505, 2 issued on March 3, 2006. It is also registered with the Bureau of Internal Revenue ("BIR") as a VAT entity under Certificate of Registration No. OCN3RC0000421626 3 issued by the BIR Revenue District Office ("RDO") No. 38 on March 9, 2006. Petitioner is licensed "to engage in general administration and planning; business planning and coordination; sourcing/procurement of raw materials and components; corporate finance advisory services; marketing control and sales promotion; training and personnel management; logistic services; research and development services and product development; technical support and maintenance; data processing and communication and business development." 4 On the other hand, respondent is the duly appointed Commissioner of the Bureau of Internal Revenue who has the power to decide on disputed assessments, refunds of internal revenue taxes, fees or other charges, penalties imposed in relation thereto or other matters arising under the National Internal Revenue Code ("NIRC") of 1997, as amended, or other laws or portions thereof administered by the BIR. He holds office at the BIR National Office Building, Agham Road, Diliman, Quezon City. The Facts The case concerns petitioner's claim for refund or tax credit of its purported excess and unutilized input VAT for the four taxable quarters of calendar year 2013. 5 Petitioner alleges that in CY 2013, it generated VAT zero-rated sales for its services to foreign clients 6 and it was paid in US Dollars (USD) inwardly remitted into the Philippines. 7 It claims that the VAT zero-rated sales for CY 2013 amounted to a total of Php2,152,529,797.47, 8 broken down as follows: 9 Taxable Period (CY 2013) Zero-Rated Sales 1st Quarter Php479,724,554.50 2nd Quarter 513,130,554.25 3rd Quarter 561,305,225.32 4th Quarter 598,369,463.40 Total Php2,152,529,797.47 On March 30, 2015, petitioner filed with the BIR RDO No. 38 an administrative claim for refund or issuance of tax credit certificate of its alleged excess input VAT amounting to Php60,480,919.18 for the whole period of CY 2013. 10 After the lapse of the 120-day period from the filing of the application for refund with no action from respondent and to preserve its claim for refund, petitioner filed the instant petition before this Court on August 26, 2015. 11 aScITE In his Answer 12 filed on October 26, 2015, respondent raised the following counter-arguments and defenses: "4. Petitioner's claim for the issuance of tax credit certificate is subject to administrative investigation/examination by respondent's Bureau. 5. Taxes paid and collected are presumed to have been paid in accordance with law and regulations, hence, not refundable. 6. Moreover, in order to validly claim for tax credit/refund, it is imperative for petitioner to prove its compliance with the following, viz. : a. The registration requirements of a value-added taxpayer under the pertinent provision of the National Internal Revenue Code (NIRC) of 1997, as amended, and its implementing revenue regulations. b. The invoicing and accounting requirements for VAT-registered persons, as well as the filing and payment of VAT pursuant to the provisions of Sections 113 and 114 of the 1997 NIRC, as amended. Failure to comply with the invoicing requirements on the documents supporting the sale of goods and services will result in the disallowance of the claim for input tax of the taxpayer claimant (Revenue Memorandum Circular No. 42-2003). c. The submission of complete documents in support of the administrative claim for tax refund pursuant to Section 112 (C) of the NIRC of 1997, as amended, otherwise, there would be no sufficient compliance with regard to the filing of administrative claim for tax credit/refund which is a condition sine qua non prior to the filing of such claim (Revenue Memorandum Circular No. 54-2014). d. That the input taxes of P60,480,919.18 allegedly representing unutilized input VAT from its domestic purchases of goods and services were: i. paid by petitioner; ii. attributable to its zero-rated or effectively zero-rated sales; and, iii. such input taxes paid should not have been applied against any output tax. e. That petitioner's claim for tax credit/refund allegedly representing unutilized input VAT in the amount of P60,480,919.18 was filed within two (2) years after the close of the taxable quarter when the sales were made in accordance with Section 112 (A) of the NIRC of 1997, as amended. HEITAD 7. In an action for tax credit/refund, the burden of proof rests upon the taxpayer to establish by sufficient and competent evidence its entitlement to a claim for tax credit/refund. 8. It is worth emphasizing at this point that the burden of proving entitlement to a tax refund is on the taxpayer. It is logical to assume that in order to discharge this burden, the law intends the filing of an application for a refund to necessarily include the filing of complete supporting documents to prove entitlement for the refund. Otherwise, the mere filing of an application without any supporting document would be as good as filing a mere scrap of paper. Besides, the taxpayer was already given two (2) years to determine its refundable taxes and complete the documents necessary to prove its claim. The alleged completion of supporting documents after the filing of an application for an administrative claim and worse, after the filing of a judicial claim is tantamount to legal maneuvering, which this Court will not tolerate (Hedcor, Inc. vs. Commissioner of Internal Revenue, G.R. No. 207575, July 15, 2015) . 9. Finally, it is a well-established rule that tax refunds, which are in the nature of tax exemptions, are construed strictly against the taxpayer and liberally in favor of the government. This is because taxes are the lifeblood of the nation. Thus, the burden of proof is upon the claimant of the tax refund to prove the factual basis of his claim (Eastern Telecommunications Philippines, Inc. vs. The Commissioner of Internal Revenue, G.R. No. 168856, August 29, 2012) ." A Notice of Pre-Trial Conference 13 was issued by the Court, setting the case for pre-trial conference on February 2, 2016, which was cancelled and reset to March 29, 2016. 14 Hence, respondent's Pre-Trial Brief 15 was filed on January 18, 2016, while petitioner's Pre-Trial Brief 16 was filed through registered mail on March 3, 2016 and received by the Court on March 9, 2016. The pre-trial conference ensued. 17 Thereafter, the parties submitted their Joint Stipulation of Facts and Issue 18 on April 8, 2016. Consequently, the Court issued a Pre-Trial Order 19 on May 6, 2016 and the pre-trial was deemed terminated. Upon petitioner's motion, 20 Mr. Jerome Antonio B. Constantino was commissioned by the Court on July 5, 2016 as an Independent Certified Public Accountant (ICPA) and to render a report on this case. 21 On August 4, 2016, the ICPA issued a report. 22 During the trial, petitioner presented the testimonies of the following witnesses by way of Judicial Affidavits in lieu of direct examination: 23 Ms. Agnes Neria, 24 Ms. Lourdes Rosario Mantaring, 25 and ICPA Jerome Antonio B. Constantino. 26 ATICcS A Supplemental ICPA report 27 was later on filed by petitioner on December 22, 2016 pursuant to its motion 28 dated September 28, 2016, which was granted by the Court via Resolution 29 dated November 25, 2016. Petitioner filed its Formal Offer of Evidence 30 and Supplemental Formal Offer of Evidence 31 on September 28, 2016 and on April 10, 2017, respectively. The same were resolved by the Court on December 5, 2017, 32 admitting Exhibits "P-1" to "P-1-d", "P-2-a", "P-3", "P-3-a", "P-3-b", "P-4", "P-6", "P-6-a", "P-6-b", "P-6-c", "P-8-c", "P-9", "P-11", "P-13", "P-13-a", "P-13-b", "P-14", "P-14-a", "P-14-b", "P-15", "P-15-a", "P-15-b", "P-16", "P-16-a", "P-16-b", "P-17", "P-20", "P-21", "P-22", "P-23", "P-24", "P-25", "P-26", "P-27", "P-28", "P-29", "P-30", "P-31", "P-32", "P-33", "P-34", "P-34-a", "P-35", "P-36", "P-37", "P-37-a", "P-38", "P-39", "P-40", "P-41", "P-42", "P-43", "P-44" to "P-44-h", "P-44-i" to "P-44-l", "P-44-m" to "P-44-P", "P-46", "P-50" to "P-50-i", "P-52", "P-55", "P-56" to "P-56-g", "P-59" to "P-59-g", "P-62" to "P-62-g", "P-64", "P-65" to "P-65-g", "P-65-h" to "P-65-j", "P-67", "P-68" to "P-68-c", "P-68-d" to "P-68-h", "P-104", "P-105", "P-106", "P-107", "P-108" to "P-108-b", "P-109" and "P-109-a", "P-110" and "P-110-a", "P-111" and "P-111-a", "P-112" and "P-112-a", "P-113-1" to "P-113-2065", "P-114-1" through "P-114-31", "P-115-1" through "P-115-684", "P-116-1" to "P-116-79", "P-117", "P-118-1" to "P-118-3", "P-119-1" to "P-119-23", "P-120", "P-121-1" through "P-121-4", "P-122-1", "P-122-2", "P-122-3", "P-122-4", "P-123", "P-124", "P-125", "P-126", "P-127", "P-45", "P-48", "P-51", "P-54", "P-57, "P-60", "P-63", "P-69", "P-71" to "P-71-f", "P-71-g" to "P-71-k", "P-72", "P-74" to "P-74-f", "P-75", "P-76", "P-78", "P-81", "P-84", "P-86" to "P-86-f", "P-87", "P-89" to "P-89-e", "P-90", "P-93", "P-95" to "P-95-f", "P-96", "P-99", "P-101" to "P-101-g", "P-102", "P-109-b", "P-109-c", "P-111-1", "P-111-1-a", "P-112-b", "P-112-c", "P-128", and "P-129". On the other hand, the Court denied the admission of Exhibits "P-2", "P-5", "P-5-a", "P-5-b", "P-7", "P-7-a", "P-7-b", "P-8", "P-8-a", "P-8-b", "P-10", "P-12", "P-18", "P-19", "P-19-a", "P-19-b", "P-19-c", ''P-34-b", "P-47" to "P-47-g", "P-47-h" to "P-47-h-ii", "P-53" to "P-53-g", "P-53-h" to "P-53-l", "P-80" to "P-80-d", "P-83" to "P-83-f", "P-83-g" to "P-83-k", and "P-98" to "P-98-h", for failure to present the originals for comparison and Exhibit "P-58", for not being found in the records of the case and failure to identify. On January 11, 2018, petitioner filed a Motion for Reconsideration (Re: Resolution dated 05 December 2017) with Motion to Recall Witness, 33 praying that the Court reconsider the denied exhibits and allow it to recall its witness, Ms. Lourdes Mantaring, to submit her supplemental sworn statement. The Court, however, denied petitioner's motion on the basis that non-presentation of the original copies of the documents for comparison and verification violates Section 3 of Rule 130 34 of the Rules of Court. 35 During the hearing on April 3, 2018, respondent's counsel manifested that he has no evidence to present. 36 The Court declared the case deemed submitted for decision on July 9, 2018, 37 considering petitioner's Memorandum 38 filed on April 24, 2018 and respondent's failure to file a Memorandum as per Records Verification Report 39 dated July 3, 2018. The Issue As stipulated by the parties, the sole issue 40 for the Court's resolution is: Whether petitioner is entitled to the refund/issuance of a tax credit certificate for its excess and unutilized input VAT for the whole period of CY 2013 in the amount of Sixty Million Four Hundred Eighty Thousand Nine Hundred Nineteen Pesos and Eighteen Centavos (Php60,480,919.18) 41 Discussion/Ruling Administrative and judicial claims were filed within the period prescribed by law. The Court shall determine first whether it has jurisdiction over the Petition for Review in relation to the claim for refund filed by petitioner with the BIR. TIADCc Jurisdiction over the subject matter or nature of an action is fundamental for a court to act on a given controversy. It is conferred only by law and not by the consent or waiver upon a court which, otherwise, would have no jurisdiction over the subject matter of an action. Lack of jurisdiction of the court over an action or the subject matter of an action cannot be cured by the silence, acquiescence, or even by express consent of the parties. If the court has no jurisdiction over the nature of an action, its only jurisdiction is to dismiss the case. The court could not decide the case on the merits. 42 Section 7 (a) (1) and (2) of Republic Act ("RA") No. 1125, as amended by RA Nos. 9282 and 9503, provides that the Court of Tax Appeals ("CTA") has exclusive appellate jurisdiction to review by appeal the decisions or inaction by the BIR Commissioner on claims for refund, viz. : "SEC. 7. Jurisdiction . The CTA shall exercise: (a) Exclusive appellate jurisdiction to review by appeal, as herein provided: (1) Decisions of the Commissioner of Internal Revenue in cases involving disputed assessments, refunds of internal revenue taxes , fees or other charges, penalties in relation thereto, or other matters arising under the National Internal Revenue Code or other laws administered by the Bureau of Internal Revenue; (2) Inaction by the Commissioner of Internal Revenue in cases involving disputed assessments, refunds of internal revenue taxes , fees or other charges, penalties in relations thereto, or other matters arising under the National Internal Revenue Code or other laws administered by the Bureau of Internal Revenue, where the National Internal Revenue Code provides a specific period of action, in which case the inaction shall be deemed a denial;" (Emphasis supplied) In relation thereto, Section 112 (A) and (C) of the NIRC of 1997, as amended, provides for the period when to file an administrative claim for refund with the BIR and a judicial claim with the CTA, to wit: AIDSTE "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 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): Provided, further , That where the taxpayer is engaged in zero-rated or effectively zero-rated sale and also in taxable or exempt sale of goods of properties or services, and the amount of creditable input tax due or paid cannot be directly and entirely attributed to any one of the transactions, it shall be allocated proportionately on the basis of the volume of sales: Provided, finally , That for a person making sales that are zero-rated under Section 108 (B)(6), the input taxes shall be allocated ratably between his zero-rated and non-zero-rated sales. 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. " (Emphasis supplied) Based on the foregoing provision, a VAT-registered taxpayer whose sale is 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 a refund or the issuance of tax credit certificate of its creditable input tax due or paid attributable to such sales. The provision further states that upon filing of the administrative claim for refund, the BIR has one hundred twenty (120) days from the date of submission of the complete supporting documents in support of the application to either grant or deny the claim. However, should the BIR deny fully or partially the claim, the taxpayer has thirty (30) days from the receipt of the decision denying the claim or in case of inaction by the BIR, from the expiration of the 120 days, to file an appeal with the Court. In the case of Commissioner of Internal Revenue vs. Mindanao II Geothermal Partnership , 43 the Supreme Court summarized the rules on the 120 + 30-day periods for claiming refund or credit of input VAT: " SUMMARY OF RULES ON PRESCRIPTIVE PERIODS FOR CLAIMING REFUND OR CREDIT OF INPUT VAT The lessons of this case may be summed up as follows: AaCTcI xxx xxx xxx B. 120+30 Day Period 1. The taxpayer can file an appeal in one of two ways: (1) file the judicial claim within thirty days after the Commissioner denies the claim within the 120-day period, or (2) file the judicial claim within thirty days from the expiration of the 120-day period if the Commissioner does not act within the 120-day period. 2. The 30-day period always applies whether there is a denial or inaction on the part of the CIR. 3. As a general rule, the 30-day period to appeal is both mandatory and jurisdictional. ( Aichi and San Roque ) 4. As an exception to the general rule, premature filing is allowed only if filed between 10 December 2003 and 5 October 2010, when BIR Ruling No. DA-489-03 was still in force. (San Roque) 5. Late filing is absolutely prohibited, even during the time when BIR Ruling No. DA-489-03 was in force. (San Roque) " Likewise, in Rohm Apollo Semiconductor Phils. vs. Commissioner of Internal Revenue , 44 the Supreme Court emphasized: "A final note, the taxpayers are reminded that when the 120-day period lapses and there is inaction on the part of the CIR, they must no longer wait for it to come up with a decision thereafter. The CIR's inaction is the decision itself. It is already a denial of the refund claim. Thus, the taxpayer must file an appeal within 30 days from the lapse of the 120-day waiting period." Pursuant to the afore-quoted provisions and Supreme Court rulings, it is undisputable that in order for the Court to acquire jurisdiction over an appeal on claims for refund, compliance with the 120-day and 30-day periods is mandatory. In the instant case, the subject claim covers the four quarters of CY 2013, which ended on the following dates: Taxable Period (CY 2013) Close of Taxable Quarter 1st Quarter March 31, 2013 2nd Quarter June 30, 2013 3rd Quarter September 30, 2013 4th Quarter December 31, 2013 Counting two years from the close of the taxable quarters, petitioner had until the following dates to file its administrative claim for refund or tax credit of unutilized input VAT attributable to its zero-rated sales: Taxable Quarter (CY 2013) Close of Taxable Quarter End of 2-Year Prescriptive Period 1st Quarter March 31, 2013 March 31, 2015 2nd Quarter June 30, 2013 June 30, 2015 3rd Quarter September 30, 2013 September 30, 2015 4th Quarter December 31, 2013 December 31, 2015 Since the administrative claim for the four quarters of CY 2013, together with the supporting documents, was filed by petitioner on March 30, 2015, the Court finds such claim timely filed. 45 EcTCAD Anent the timeliness of petitioner's judicial appeal, counting from March 30, 2015, the 120-day period prescribed for respondent to act on the claim expired on July 28, 2015. As the 120-day period lapsed with petitioner not receiving any decision from respondent, it had 30 days from July 28, 2015, or until August 27, 2015, to appeal such inaction to the Court. Since the Petition for Review was filed on August 26, 2015, such appeal was also timely filed. The Court will now determine whether petitioner is entitled to its claim for refund or issuance of tax credit certificate. Section 112 (A) of the NIRC of 1997, as amended, provides: "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 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): Provided, further , That where the taxpayer is engaged in zero-rated or effectively zero-rated sale and also in taxable or exempt sale of goods of properties or services, and the amount of creditable input tax due or paid cannot be directly and entirely attributed to any one of the transactions, it shall be allocated proportionately on the basis of the volume of sales: Provided, finally , That for a person making sales that are zero-rated under Section 108 (B)(6), the input taxes shall be allocated ratably between his zero-rated and non-zero-rated sales." From the afore-quoted provision, in order to be entitled to a refund or tax credit of excess input VAT attributable to zero-rated or effectively zero-rated sales, the following requisites must be satisfied: 1. that the claim for refund was filed within the prescriptive period; 2. that the taxpayer is VAT-registered; 3. that there must be zero-rated or effectively zero-rated sales; 4. that input taxes were incurred or paid; 5. that such input taxes are attributable to zero-rated or effectively zero-rated sales; and 6. that the input taxes were not applied against any output VAT liability. For the first requisite, it has already been established that petitioner has filed its administrative claim and judicial appeal within the period prescribed by law. Petitioner is a VAT- registered entity. Petitioner also satisfied the second requisite considering that it is a VAT-registered taxpayer with Taxpayer Identification No. 244-027-271-000, as evidenced by its Certificate of Registration No. OCN3RC0000421626. 46 HSAcaE Petitioner had effectively zero-rated sales. Petitioner posits that its sales of services which were rendered to foreign corporations/affiliates engaged in business outside of the Philippines and paid for in acceptable foreign currency and duly accounted for in accordance with the rules and regulations of the Bangko Sentral ng Pilipinas ("BSP") are subject to zero-percent (0%) VAT pursuant to Section 108 (B) (2) of the NIRC of 1997, as amended, which states: "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: (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);" In the case of Commissioner of Internal Revenue vs. Burmeister and Wain Scandinavian Contractor Mindanao, Inc. , 47 the Supreme Court held that in order for the supply of services to be VAT zero-rated under Section 108 (B) (2) of the NIRC of 1997, as amended, the following requisites must be met: 1. the services must be other than processing, manufacturing or repacking of goods; 2. the recipient of such services is doing business outside the Philippines; and 3. the payment for such services must be in acceptable foreign currency accounted for in accordance with the BSP rules and regulations. Petitioner is a multinational company organized and existing under the laws of Barbados and has established an ROHQ in the Philippines, under SEC Certificate of Registration and License No. FS200603505, "to engage in general administration and planning; business planning and coordination; sourcing/procurement of raw materials and components; corporate finance advisory services; marketing control and sales promotion; training and personnel management; logistic services; research and development services and product development; technical support and maintenance; data processing and communication and business development." 48 These services clearly fall within the scope of "services other than processing, manufacturing or repacking of goods" contemplated by the afore-mentioned provision. Petitioner avers that for CY 2013, it generated both VAT zero-rated and taxable sales. These alleged zero-rated sales of services were made to the following non-resident foreign corporations/affiliates: 49 1. The Manufacturer's Life Insurance Company 2. John Hancock Life Insurance Company (USA) 3. Manulife Insurance Berhad 4. Manulife Asset Management (Hong Kong) Limited 5. Manulife Financial Asia Limited 6. Manulife (Singapore) Pte. Ltd. 7. Manulife Asset Management (Malaysia) Sdn. Bhd. 8. Manulife Asset Management (Singapore) Pte. Ltd. 9. Manulife Asset Management Limited 10. Manulife (International) Limited 11. Manulife Asset Management (Vietnam) Company Limited 12. Manulife-Sinochem Life Insurance Company Limited 13. Manulife Japan AcICHD 14. Manulife Technology & Services Sdn. Bhd. 15. Pt. Asuransi Jiwa Manulife Indonesia 16. Manulife (Vietnam) Limited 17. Manulife Bank & Trust 18. Manulife Information & Technologies Service (Chengdu) 19. Pt. Manulife Aset Manajemen Indonesia In compliance with the second requisite of proving that the above-enumerated entities are non-resident foreign corporations doing business outside the Philippines, petitioner submitted several documents such as Certifications of Non-Registration of Company issued by the Securities and Exchange Commission, Articles/Certificates of Incorporation/Registration, Service Agreements and/or other related documents, detailed as follows: Client SEC Certification of Non- Registration Articles of Incorporation/ Certificate of Registration Service Agreement/ other documents The Manufacturer's Life Insurance Company none P-67 P-65 to P-65-j; P-104; P-124; P-126; P-127 John Hancock Life Insurance Company (USA) P-45 P-46 P-44 to P-44-p Manulife Insurance Berhad P-60 none P-59 to P-59-g Manulife Asset Management (Hong Kong) Limited P-54 P-55 none Manulife Financial Asia Limited P-84 none none Manulife (Singapore) Pte. Ltd. P-63 P-64 P-62 to P-62-g Manulife Asset Management (Malaysia) Sdn. Bhd. P-48 none none Manulife Asset Management (Singapore) Pte. Ltd. P-57 none P-56 to P-56-g Manulife Asset Management Limited P-78 none none Manulife (International) Limited P-51 P-52 P-50 to P-50-i Manulife Asset Management (Vietnam) Company Limited P-75 P-76 P-74 Manulife-Sinochem Life Insurance Company Limited P-96 none P-95 Manulife Japan P-90 none P-89 Manulife Technology & Services Sdn. Bhd. P-93 none none Pt. Asuransi Jiwa Manulife Indonesia P-99 none none Manulife (Vietnam) Limited P-72 none P-71 Manulife Bank &Trust P-81 none none Manulife Information & Technologies Service (Chengdu) P-87 none P-86 Pt. Manulife Aset Manajemen Indonesia P-102 none P-101 This Court has consistently held that in order to be considered as a non-resident foreign corporation doing business outside the Philippines, each entity must be supported, at the very least , by both a Certificate of Non-registration of Corporation/Partnership issued by the Philippine SEC and a Certificate/Articles of Foreign Incorporation/Association. 50 Parenthetically, it must be emphasized that notwithstanding the presentation of the said documents, there must not be any indication that the recipient of the services is doing business in the Philippines. The said basic documents are necessary because the Philippine SEC's negative certification establishes that the recipient of the service has no registered business in the Philippines; while the said certificate/articles of incorporation/association will prove that the said recipient of the service is indeed a non-resident foreign entity. Furthermore, the former document will tend to satisfy the requirement that the service-recipient is not engaged in trade or business within the Philippines; while the latter document will indicate whether the same service-recipient is engaged in business at all ( i.e. , a showing of a continuity of conduct and intention to establish a continuous business). In this connection, it must be remembered that the afore-quoted Section 108 (B) (2) of the NIRC of 1997, as amended by RA No. 9337, requires, inter alia , that the service-recipient is "a person engaged in business conducted outside the Philippines," for the transaction to be treated as subject to the 0% VAT rate. 51 Accordingly, the Court finds that only the following clients satisfy the above requisites and thus, prove that these are non-resident corporations doing business outside the Philippines: SEC Certificate of Non-Registration (Exhibit No.) 52 Articles of Incorporation/ Certificate of Registration (Exhibit No.) 1. John Hancock Life Insurance Company (USA) P-45 P-46 53 2. Manulife Asset Management (Hong Kong) Limited P-54 P-55 54 3. Manulife (Singapore) Pte. Ltd. P-63 P-64 55 4. Manulife (International) Limited P-51 P-52 56 5. Manulife Asset Management (Vietnam) Company Limited P-75 P-76 57 As to the third requisite, Sections 113 (A) (2), (B) (1), (2) (c) and (3) of the NIRC of 1997, as amended, as implemented by Sections 4.113-1 (A) (2), (B) (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: TAIaHE "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; and" (Emphasis supplied) "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 Invoice/VAT 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 (B) (2) of the NIRC of 1997, as amended, must likewise be supported by VAT zero-rated official receipts. In its Quarterly VAT Returns for CY 2013, 58 petitioner reported total sales of Php2,175,091,587.87 which consisted of zero-rated sales of Php2,152,529,797.47 and VATable sales of Php22,561,790.40, broken down as follows: cDHAES Quarter Zero-Rated Sales VATable Sales Total 1st Php479,724,554.50 Php397,595.48 Php480,122,149.98 2nd 513,130,554.25 5,087,332.10 518,217,886.35 3rd 561,305,225.32 5,939,835.61 567,245,060.93 4th 598,369,463.40 11,137,027.21 609,506,490.61 Total Php2,152,529,797.47 Php22,561,790.40 Php2,175,091,587.87 To prove that it rendered services to its non-resident foreign client-affiliates and was paid in US dollars duly accounted for in accordance with the rules and regulations of the BSP for the four quarters of CY 2013, petitioner presented its Summary of Zero-rated Sales/Receipts for CY 2013 59 and the related zero-rated official receipts (OR), 60 Monthly Schedules of Zero-Rated Sales and Bank Credit Memo, 61 Reconciliation of Zero-Rated Sales (Reconciliation), 62 Schedule of VATable Sales and Bank Credit Memo for the year 2013, 63 Summary of Bank Credit Memos, 64 and 2013 and 2014 Bank Statements, 65 which were examined by the Court-commissioned ICPA. As accounted by the ICPA, the total zero-rated sales for CY 2013 amounted to US$51,681,889.48 or Php2,201,829,955.45. 66 However, petitioner's reported zero-rated sales in its 2013 Quarterly VAT Returns amounted only to Php2,152,529,797.47. The difference of Php49,300,157.98 was attributable to various billing adjustments as provided in the Reconciliation of Zero-Rated Sales. 67 As found by the TCPA, out of the total accounted zero-rated sales for CY 2013 amounting to Php2,201,829,955.45, only the amount of Php776,913,568.13, which is equivalent to US$18,239,360.17, was earned from the following clients, which as determined earlier qualify as non-resident foreign entities doing business outside the Philippines: TCAScE Client In USD In Php John Hancock Life Insurance Company (USA) $14,762,632.26 Php628,711,549.04 Manulife Asset Management (Hong Kong) Limited 390,986.62 16,886,794.58 Manulife (Singapore) Pte. Ltd. 210,772.24 9,041,343.22 Manulife (International) Limited 2,845,649.09 121,062,329.47 Manulife Asset Management (Vietnam) Company Limited 29,319.96 1,211,551.82 Total $18,239,360.17 Php776,913,568.13 However, the above sales amounting to Php776,913,568.13 was overstated by the net amount of Php22,396,101.10 after cross-checking the same in the Reconciliation. This net overstatement is broken down as follows: Invoice No. In USD In Php John Hancock Life Insurance Company (USA) 5132 $40,254.22 Php1,638,749.30 5108 1,241.33 50,534.54 5451 6,700.54 272,887.60 5616 7,451.25 306,636.68 5500 (13,964.19) (574,659.67) 5500 13,964.19 577,447.18 5113 20,212.99 835,847.56 erroneous take up held in trust Q1 22,598.19 934,480.35 erroneous take up held in trust Q1 188,996.60 7,815,387.40 5778 6,423.02 265,604.72 5945 6,711.81 288,330.53 erroneous take up held in trust Q2 20,586.08 884,350.91 erroneous take up held in trust Q2 178,320.02 7,660,393.43 6306 6,772.14 301,802.22 6491 6,613.51 288,459.46 6677 6,565.43 283,518.16 6887 6,479.67 282,967.38 7087 6,357.44 282,327.03 Subtotal $532,284.24 Php22,395,064.78 Manulife Asset Management (Hong Kong) Limited 5730 $(20.90) Php(864.26) 5730 20.90 909.84 Subtotal $- Php45.58 Man Wife (Singapore) Pte. Ltd. 5275 $1,699.58 Php69,125.40 5275 (1,699.58) (70,281.03) 5414 2,039.49 83,060.70 5414 (2,039.49) (84,336.99) 5595 3,399.16 139,883.53 5595 (3,399.16) (140,562.06) 6878 100.31 4,380.54 Subtotal $100.31 Php1,270.09 Manulife (International) Limited 5109 $5,491.78 Php223,570.36 5109 (5,491.78) (223,361.95) 5343 779.42 31,742.82 5343 (779.42) (32,230.58) Subtotal $- (279.35) Grand Total $532,384.55 Php22,396,101.10 These billing adjustment amounting to Php22,396,101.10 were not reported by petitioner in its 2013 Quarterly VAT Returns. Deducting the same from the total accounted zero-rated sales from qualified clients of Php776,913,568.13, only the amount of Php754,517,467.03 was actually reported in the Quarterly VAT Returns for CY 2013. Thus, the Court will confine its examination based on the amount reported and disregard the related billing adjustments per Reconciliation. From the above sales, the ICPA found the following exceptions amounting to Php151,761,337.64 and shall thus be deducted from the total allowable zero-rated sales for CY 2013: Client Invoice No. OR No. OR Date Exh. Reference ICPA Report Annex Reference In USD In Php Zero-rated sales/receipts supported by registered zero-rated ORs but date not indicated Manulife Asset Management (Vietnam) Company Limited 5398 0628 nil P-113-452 3-3 $18,000.00 Php733,071.79 Manulife Asset Management (Vietnam) Company Limited 5399 0629 nil P-113-453 3-3 943.33 38,418.26 Manulife Asset Management (Vietnam) Company Limited 7037 2265 nil P-113-1702 3-19 943.33 41,892.26 Subtotal $19,886.66 Php813,382.31 Zero-rated sales/receipts supported by registered zero-rated ORs but not dated within the period of claim Manulife Asset Management (Hong Kong) Limited 5729 0959 5/2/2014 P-113-830 3-9 $6,088.02 Php251,751.80 Manulife Asset Management (Hong Kong) Limited 5565 0795 5/2/2014 P-113-834 3-9 6,111.64 251,508.54 John Hancock Life Insurance Company (USA) 6690 1921 1/2/2014 P-113-1714 3-20 9,485.03 414,211.54 John Hancock Life Insurance Company (USA) 6724 1955 1/2/2014 P-113-1748 3-20 29,315.62 1,280,213.98 John Hancock Life Insurance Company (USA) 6728 1959 1/2/2014 P-113-1752 3-20 77.79 3,397.09 Manulife (International) Limited 6734 1965 1/9/2014 P-113-1757 3-20 55,482.90 2,422,939.85 Manulife (International) Limited 6735 1966 1/23/2014 P-113-1758 3-20 66,317.84 2,896,102.00 Manulife (International) Limited 6736 1967 1/9/2014 P-113-1759 3-20 123,067.68 5,374,369.16 John Hancock Life Insurance Company (USA) 6745 1976 1/2/2014 P-113-1765 3-20 3,040.84 132,793.57 John Hancock Life Insurance Company (USA) 6746 1977 1/2/2014 P-113-1766 3-20 3,040.84 132,793.57 John Hancock Life Insurance Company (USA) 6747 1978 1/2/2014 P-113-1767 3-20 29,305.68 1,279,779.90 John Hancock Life Insurance Company (USA) 6748 1979 1/2/2014 P-113-1768 3-20 1,263.72 55,186.69 John Hancock Life Insurance Company (USA) 6749 1980 1/2/2014 P-113-1769 3-20 28,348.59 1,237,983.75 John Hancock Life Insurance Company (USA) 6750 1981 1/2/2014 P-113-1770 3-20 35,761.65 1,561,712.29 John Hancock Life Insurance Company (USA) 6751 1982 1/2/2014 P-113-1771 3-20 46,102.69 2,013,305.81 John Hancock Life Insurance Company (USA) 6752 1983 1/2/2014 P-113-1772 3-20 84,196.87 3,676,879.75 John Hancock Life Insurance Company (USA) 6753 1984 1/2/2014 P-113-1773 3-20 19,574.50 854,818.98 John Hancock Life Insurance Company (USA) 6754 1985 1/2/2014 P-113-1774 3-20 50,420.68 2,201,872.56 John Hancock Life Insurance Company (USA) 6755 1986 1/2/2014 P-113-1775 3-20 5,626.32 245,701.56 John Hancock Life Insurance Company (USA) 6756 1987 1/2/2014 P-113-1776 3-20 4,490.92 196,118.61 John Hancock Life Insurance Company (USA) 6757 1988 1/2/2014 P-113-1777 3-20 2,817.92 123,058.65 John Hancock Life Insurance Company (USA) 6758 1989 1/2/2014 P-113-1778 3-20 555.21 24,246.04 John Hancock Life Insurance Company (USA) 6759 1990 1/2/2014 P-113-1779 3-20 555.21 24,246.04 John Hancock Life Insurance Company (USA) 6760 1991 1/2/2014 P-113-1780 3-20 1,383.00 60,395.65 John Hancock Life Insurance Company (USA) 6761 1992 1/2/2014 P-113-1781 3-20 380,139.20 16,600,689.89 John Hancock Life Insurance Company (USA) 6762 1993 1/2/2014 P-113-1782 3-20 37,876.03 1,654,047.33 John Hancock Life Insurance Company (USA) 6763 1994 1/2/2014 P-113-1783 3-20 37,765.86 1,649,236.20 John Hancock Life Insurance Company (USA) 6764 1995 1/2/2014 P-113-1784 3-20 8,190.00 357,657.54 John Hancock Life Insurance Company (USA) 6766 1997 1/2/2014 P-113-1785 3-20 15,970.50 697,432.20 John Hancock Life Insurance Company (USA) 6768 1999 1/2/2014 P-113-1786 3-20 37,770.01 1,649,417.43 John Hancock Life Insurance Company (USA) 6769 2000 1/2/2014 P-113-1787 3-20 20,065.50 876,260.97 John Hancock Life Insurance Company (USA) 6770 2318 1/2/2014 P-113-1788 3-20 13,411.97 585,701.12 John Hancock Life Insurance Company (USA) 6771 2001 1/2/2014 P-113-1789 3-20 18,245.04 796,761.43 John Hancock Life Insurance Company (USA) 6772 2002 1/2/2014 P-113-1790 3-20 8,025.00 350,451.98 John Hancock Life Insurance Company (USA) 6773 2003 1/2/2014 P-113-1791 3-20 2,773.92 121,137.17 John Hancock Life Insurance Company (USA) 6774 2004 1/2/2014 P-113-1792 3-20 7,644.00 333,813.70 John Hancock Life Insurance Company (USA) 6777 2007 1/2/2014 P-113-1795 3-20 9,976.50 435,674.04 Manulife Asset Management (Hong Kong) Company Limited 6785 2015 5/2/2014 P-113-1801 3-20 6,152.43 268,676.79 John Hancock Life Insurance Company (USA) 6805 2035 1/2/2014 P-113-1809 3-20 20,242.80 884,003.66 John Hancock Life Insurance Company (USA) 6818 2048 1/2/2014 P-113-1819 3-20 6,651.00 290,449.36 John Hancock Life Insurance Company (USA) 6821 2051 1/2/2014 P-113-1822 3-20 24,066.43 1,050,981.70 John Hancock Life Insurance Company (USA) 6828 2058 1/2/2014 P-113-1826 3-20 15,963.09 697,108.60 John Hancock Life Insurance Company (USA) 6829 2059 1/2/2014 P-113-1827 3-20 24,383.87 1,064,844.31 John Hancock Life Insurance Company (USA) 6830 2060 1/2/2014 P-113-1828 3-20 11,410.65 498,303.41 John Hancock Life Insurance Company (USA) 6831 2061 1/2/2014 P-113-1829 3-20 23,319.24 1,018,351.89 John Hancock Life Insurance Company (USA) 6832 2062 1/2/2014 P-113-1830 3-20 17,588.10 768,072.84 John Hancock Life Insurance Company (USA) 6834 2064 1/2/2014 P-113-1831 3-20 4,687.99 204,724.66 John Hancock Life Insurance Company (USA) 6835 2065 1/2/2014 P-113-1832 3-20 1,874.67 81,866.89 John Hancock Life Insurance Company (USA) 6836 2066 1/2/2014 P-113-1833 3-20 5,470.16 238,882.05 Manulife Asset Management (Vietnam) Company Limited 6837 2067 1/2/2014 P-113-1834 3-20 943.33 41,195.25 John Hancock Life Insurance Company (USA) 6869 2099 1/2/2014 P-113-1858 3-20 897.00 39,172.02 John Hancock Life Insurance Company (USA) 6870 2100 1/2/2014 P-113-1859 3-20 3,104.70 135,582.34 John Hancock Life Insurance Company (USA) 6871 2101 1/2/2014 P-113-1860 3-20 2,260.50 98,716.10 John Hancock Life Insurance Company (USA) 6873 2103 1/2/2014 P-113-1861 3-20 2,025.08 88,435.30 John Hancock Life Insurance Company (USA) 6874 2104 1/2/2014 P-113-1862 3-20 892.86 38,991.22 John Hancock Life Insurance Company (USA) 6875 2316 1/2/2014 P-113-1863 3-20 691.52 30,198.70 John Hancock Life Insurance Company (USA) 6887 2115 1/2/2014 P-113-1868 3-20 141,447.85 6,177,031.68 John Hancock Life Insurance Company (USA) 6903 2131 1/29/2014 P-113-1883 3-20 9,475.01 420,774.93 Manulife (International) Limited 6965 2193 1/16/2014 P-113-1907 3-20 121,447.70 5,393,360.83 John Hancock Life Insurance Company (USA) 6973 2201 01/29/2014 P-113-1912 3-20 3,040.84 135,040.41 John Hancock Life Insurance Company (USA) 6974 2202 1/29/2014 P-113-1913 3-20 1,728.12 76,743.94 John Hancock Life Insurance Company (USA) 6976 2204 1/29/2014 P-113-1915 3-20 27,692.90 1,229,811.70 John Hancock Life Insurance Company (USA) 6977 2205 1/29/2014 P-113-1916 3-20 1,425.64 63,311.13 John Hancock Life Insurance Company (USA) 6978 2206 1/29/2014 P-113-1917 3-20 26,520.09 1,177,728.48 John Hancock Life Insurance Company (USA) 6979 2207 1/29/2014 P-113-1918 3-20 32,196.94 1,429,831.24 John Hancock Life Insurance Company (USA) 6980 2208 1/29/2014 P-113-1919 3-20 48,849.75 2,169,364.49 John Hancock Life Insurance Company (USA) 6981 2209 1/29/2014 P-113-1920 3-20 81,850.02 3,634,870.74 John Hancock Life Insurance Company (USA) 6982 2210 1/29/2014 P-113-1921 3-20 18,557.52 824,119.37 John Hancock Life Insurance Company (USA) 6983 2211 1/29/2014 P-113-1922 3-20 50,674.40 2,250,395.22 John Hancock Life Insurance Company (USA) 6984 2212 1/29/2014 P-113-1923 3-20 5,558.07 246,827.87 John Hancock Life Insurance Company (USA) 6985 2213 1/29/2014 P-113-1924 3-20 14,435.46 641,063.14 John Hancock Life Insurance Company (USA) 6986 2214 1/29/2014 P-113-1925 3-20 4,491.67 199,470.20 John Hancock Life Insurance Company (USA) 6987 2215 1/29/2014 P-113-1926 3-20 2,788.90 123,852.03 John Hancock Life Insurance Company (USA) 6988 2216 1/29/2014 P-113-1927 3-20 3,858.42 171,348.25 John Hancock Life Insurance Company (USA) 6989 2217 1/29/2014 P-113-1928 3-20 382,329.00 16,978,816.84 John Hancock Life Insurance Company (USA) 6990 2218 1/29/2014 P-113-1929 3-20 42,529.18 1,888,674.82 John Hancock Life Insurance Company (USA) 6991 2219 1/29/2014 P-113-1930 3-20 49,165.22 2,183,374.17 John Hancock Life Insurance Company (USA) 6992 2220 1/29/2014 P-113-1931 3-20 8,190.00 363,709.03 John Hancock Life Insurance Company (USA) 6993 2221 1/29/2014 P-113-1932 3-20 2,665.00 118,349.76 John Hancock Life Insurance Company (USA) 6995 2223 1/29/2014 P-113-1933 3-20 17,781.30 789,648.28 John Hancock Life Insurance Company (USA) 6996 2224 1/29/2014 P-113-1934 3-20 34,023.86 1,510,962.77 John Hancock Life Insurance Company (USA) 6997 2225 1/29/2014 P-113-1935 3-20 20,962.40 930,917.48 John Hancock Life Insurance Company (USA) 6998 2226 1/29/2014 P-113-1936 3-20 13,154.91 584,195.31 John Hancock Life Insurance Company (USA) 7000 2228 1/29/2014 P-113-1937 3-20 2,467.40 109,574.56 John Hancock Life Insurance Company (USA) 7001 2229 1/29/2014 P-113-1938 3-20 2,260.50 100,386.36 John Hancock Life Insurance Company (USA) 7003 2231 1/29/2014 P-113-1939 3-20 1,655.67 73,526.51 John Hancock Life Insurance Company (USA) 7006 2234 1/29/2014 P-113-1941 3-20 8,025.00 356,381.56 John Hancock Life Insurance Company (USA) 7007 2235 1/29/2014 P-113-1942 3-20 8,172.41 362,927.88 Manulife Asset Management (Hong Kong) Limited 7015 2243 3/20/2014 P-113-1950 3-20 3,464.29 153,845.37 Manulife Asset Management (Hong Kong) Limited 7016 2244 5/17/2014 P-113-1951 3-20 7,713.38 342,542.85 Manulife (Singapore) Pte. Ltd. 7025 2253 1/16/2014 P-113-1960 3-20 936.00 41,566.75 Manulife (Singapore) Pte. Ltd. 7026 2254 1/16/2014 P-113-1961 3-20 1,905.34 84,614.08 Manulife (Singapore) Pte. Ltd. 7027 2255 1/23/2014 P-113-1962 3-20 250.00 11,102.22 Manulife Asset Management (Hong Kong) Limited 7030 2258 1/29/2014 P-113-1963 3-20 13,041.66 579,165.99 John Hancock Life Insurance Company (USA) 7040 2268 1/29/2014 P-113-1967 3-20 20,697.48 919,152.67 John Hancock Life Insurance Company (USA) 7054 2282 1/29/2014 P-113-1980 3-20 6,651.00 295,363.71 John Hancock Life Insurance Company (USA) 7057 2285 1/29/2014 P-113-1983 3-20 26,354.11 1,170,357.48 Manulife (Singapore) Pte. Ltd. 7058 2286 1/16/2014 P-113-1984 3-20 795.11 35,309.97 Manulife (Singapore) Pte. Ltd. 7059 2287 1/16/2014 P-113-1985 3-20 3,721.95 165,287.77 Manulife (Singapore) Pte. Ltd. 7060 2288 1/16/2014 P-113-1986 3-20 22,558.91 1,001,816.76 John Hancock Life Insurance Company (USA) 7064 2292 1/29/2014 P-113-1990 3-20 15,950.57 708,347.54 John Hancock Life Insurance Company (USA) 7065 2293 1/29/2014 P-113-1991 3-20 25,180.21 1,118,225.86 John Hancock Life Insurance Company (USA) 7066 2294 1/29/2014 P-113-1992 3-20 13,094.65 581,519.23 John Hancock Life Insurance Company (USA) 7067 2295 1/29/2014 P-113-1993 3-20 23,329.73 1,036,048.04 John Hancock Life Insurance Company (USA) 7068 2296 1/29/2014 P-113-1994 3-20 17,588.10 781,068.47 John Hancock Life Insurance Company (USA) 7069 2297 1/29/2014 P-113-1995 3-20 73,818.00 3,278,177.44 John Hancock Life Insurance Company (USA) 7070 2298 1/29/2014 P-113-1996 3-20 4,687.99 208,188.56 John Hancock Life Insurance Company (USA) 7071 2299 1/29/2014 P-113-1997 3-20 1,874.67 83,252.06 John Hancock Life Insurance Company (USA) 7072 2300 1/29/2014 P-113-1998 3-20 5,470.16 242,923.88 Manulife Asset Management (Hong Kong) Limited 7078 2306 1/29/2014 P-113-2003 3-20 131,389.00 5,834,843.19 Manulife Asset Management (Hong Kong) Limited 7084 2312 5/5/2014 P-113-2006 3-20 6,080.98 270,049.73 John Hancock Life Insurance Company (USA) 7087 2315 1/29/2014 P-113-2009 3-20 143,873.24 6,389,254.78 John Hancock Life Insurance Company (USA) 6943 2171 1/29/2014 P-113-2028 68 3-20 25,814.71 1,146,403.31 John Hancock Life Insurance Company (USA) 6944 2172 1/29/2014 P-113-2029 69 3-20 2,287.09 101,567.19 John Hancock Life Insurance Company (USA) 6948 2176 1/29/2014 P-113-2033 70 3-20 2,109.40 93,676.17 John Hancock Life Insurance Company (USA) 6949 2177 1/29/2014 P-113-2034 71 3-20 8,189.31 363,678.39 John Hancock Life Insurance Company (USA) 6833 2063 1/2/2014 P-113-2040 3-20 67,289.21 2,938,521.75 John Hancock Life Insurance Company (USA) 6994 2222 1/29/2014 P-113-2044 3-20 15,470.00 687,005.95 John Hancock Life Insurance Company (USA) 6999 2227 1/29/2014 P-113-2045 3-20 21,000.04 932,589.03 John Hancock Life Insurance Company (USA) 7002 2230 1/29/2014 P-113-2046 3-20 1,958.09 86,956.66 John Hancock Life Insurance Company (USA) 6765 1996 1/2/2014 P-113-2057 3-20 2,730.00 119,219.18 John Hancock Life Insurance Company (USA) 6767 1998 1/2/2014 P-113-2058 3-20 17,586.60 768,007.33 John Hancock Life Insurance Company (USA) 6844 2074 1/2/2014 P-113-2062 3-20 1,526.15 66,647.01 Manulife (International) Limited 6963 2191 1/16/2014 P-113-1369 3-20 54,256.11 2,409,455.08 Manulife (International) Limited 6964 2192 2/24/2014 P-113-1377 3-20 63,802.10 2,833,382.17 Manulife Asset Management (Vietnam) Company Limited 6668 1898 3/27/2014 P-113-1604 3-20 943.33 40,736.28 Subtotal $3,427,719.93 Php150,998,486.35 Zero-rated sales/receipts without supporting documents Manulife Asset Management (Hong Kong) Company Limited 6839 nil nil nil 3-21 $(1,157.11) Php(50,531.02) Subtotal $(1,157.11) Php(50,531.02) Grand Total $3,446,449.48 Php151,761,337.64 Upon examination of the zero-rated ORs with the corresponding inward remittances, the Court finds that zero-rated sales amounting to Php519,458,005.83 must be additionally disallowed due to the following findings: Client Invoice No. OR No. OR Date Exh. No. Bank Credit Memo Reference In USD In PHP Zero-rated sales supported with VAT 0-rated ORs but without corresponding inward remittance Manulife Singapore Pte. Ltd. Reg. No. 198002116D 5072 0305 4/29/2013 P-113-195 nil $345.70 Php14,073.45 Manulife Asset Management (Vietnam) Company Limited 5126 0359 4/29/2013 P-113-89 nil 1,500.00 61,065.00 Manulife Asset Management (Vietnam) Company Limited 5257 0488 4/29/2013 P-113-257 nil 1,500.00 61,008.08 Manulife Asset Management (Vietnam) Company Limited 5577 0807 5/30/2013 P-113-541 nil 943.33 38,820.28 Manulife Asset Management (Vietnam) Company Limited 5743 0973 6/28/2013 P-113-938 nil 943.33 39,008.58 Manulife Asset Management (Vietnam) Company Limited 5925 1156 7/30/2013 P-113-771 nil 943.33 40,524.22 Manulife Asset Management (Vietnam) Company Limited 6111 1342 8/30/2013 P-113-1038 nil (170.01) (7,372.85) Manulife Asset Management (Vietnam) Company Limited 6283 1514 9/30/2013 P-113-1366 nil 943.33 42,039.75 Manulife Asset Management (Vietnam) Company Limited 6435 1666 10/30/2013 P-113-1456 nil 943.33 41,144.94 Manulife Asset Management (Hong Kong) Company Limited 6599 1830 12/30/2013 P-113-1688 nil 3,099.76 133,858.44 Manulife Singapore Pte. Ltd. Reg. No. 198002116D 6612 1843 12/30/2013 P-113-1696 nil 390.00 16,841.56 Manulife Singapore Pte. Ltd. Reg. No. 198002116D 6049 1280 12/12/2013 P-113-1383 nil 141.00 6,114.77 Manulife Singapore Pte. Ltd. Reg. No. 198002116D 6246 1477 12/20/2013 P-113-1389 nil 141.00 6,283.70 Manulife Asset Management (Hong Kong) Company Limited 6418 1649 12/30/2013 P-113-1392 nil 3,130.42 136,538.57 Manulife Singapore Pte. Ltd. Reg. No. 198002116D 6477 1708 10/30/2013 P-113-1225 nil 141.00 6,149.96 Manulife Asset Management (Hong Kong) Company Limited 6672 1903 11/29/2013 P-113-1608 nil 14,660.89 633,108.35 Manulife Asset Management (Hong Kong) Company Limited 6786 2016 12/31/2013 P-113-1567 nil 3,559.68 155,451.33 Manulife Asset Management (Hong Kong) Company Limited 6787 2017 12/31/2013 P-113-1568 nil 3,184.95 139,086.86 Manulife Singapore Pte. Ltd. Reg. No. 198002116D 6876 2105 12/30/2013 P-113-1582 nil 565.50 24,695.40 Manulife Singapore Pte. Ltd. Reg. No. 198002116D 6877 2106 12/30/2013 P-113-1583 nil 813.81 35,539.11 Manulife Singapore Pte. Ltd. Reg. No. 198002116D 6878 2317 12/30/2013 P-113-1584 nil 1,350.00 58,954.54 Manulife Singapore Pte. Ltd. Reg. No. 198002116D 6891 2119 12/30/2013 P-113-1588 nil 150.00 6,661.34 Subtotal $39,220.35 Php1,689,595.38 Amount in OR/invoice cannot be traced to inward remittance John Hancock Life Insurance 5017 0250 4/29/2013 P-113-36 3543057062 $27,159.83 Php1,105,676.68 John Hancock Life Insurance 5019 0252 4/29/2013 P-113-38 3543057062 18,087.69 736,349.86 John Hancock Life Insurance 5022 0255 4/29/2013 P-113-40 3543057062 2,104.77 85,685.19 John Hancock Life Insurance 5027 0260 4/29/2013 P-113-276 3543057063 17,448.00 710,308.08 John Hancock Life Insurance 5030 0263 4/29/2013 P-113-46 3543057062 29,699.69 1,209,074.38 John Hancock Life Insurance 5031 0264 4/29/2013 P-113-47 3543057062 20,631.28 839,899.41 John Hancock Life Insurance 5032 0265 4/29/2013 P-113-48 3543057062 29,585.43 1,204,422.86 John Hancock Life Insurance 5033 0266 4/29/2013 P-113-49 3543057062 35,879.31 1,460,646.71 John Hancock Life Insurance 5034 0267 4/29/2013 P-113-50 3543057062 64,561.29 2,628,290.12 John Hancock Life Insurance 5035 0268 4/29/2013 P-113-51 3543057062 16,472.10 670,579.19 John Hancock Life Insurance 5036 0269 4/29/2013 P-113-52 3543057062 43,755.68 1,781 293.73 John Hancock Life Insurance 5037 0270 4/29/2013 P-113-179 3543057062 6,488.49 264,146.43 John Hancock Life Insurance 5038 0271 4/29/2013 P-113-53 3543057062 150.00 6,106.50 John Hancock Life Insurance 5039 0272 4/29/2013 P-113-54 3543057062 1,110.42 45,205.20 John Hancock Life Insurance 5040 0273 4/29/2013 P-113-180 3543057062 337,326.91 13,732,578.51 John Hancock Life Insurance 5041 0274 4/29/2013 P-113-181 3543057062 8,025.00 326,697.75 John Hancock Life Insurance 5042 0275 4/29/2013 P-113-182 3543057062 31,183.48 1,269,479.47 John Hancock Life Insurance 5043 0276 4/29/2013 P-113-183 3543057062 14,885.00 605,968.35 John Hancock Life Insurance 5044 0277 4/29/2013 P-113-184 3543057062 7,410.00 301,661.10 John Hancock Life Insurance 5045 0278 4/29/2013 P-113-185 3543057062 2,730.00 111,138.30 John Hancock Life Insurance 5046 0279 4/29/2013 P-113-186 3543057062 16,380.00 666,829.80 John Hancock Life Insurance 5047 0280 4/29/2013 P-113-287 3543057062 13,650.00 555,691.50 John Hancock Life Insurance 5048 0281 4/29/2013 P-113-55 3543057062 36,671.65 1,492,902.87 John Hancock Life Insurance 5049 0282 4/29/2013 P-113-187 3543057062 14,091.35 573,658.86 John Hancock Life Insurance 5050 0283 4/29/2013 P-113-291 3543057062 39,441.35 1,605,657.36 John Hancock Life Insurance 5051 0284 4/29/2013 P-113-188 3543057062 11,104.02 452,044.65 John Hancock Life Insurance 5052 0285 4/29/2013 P-113-189 3543057062 2,260.50 92,024.96 John Hancock Life Insurance 5053 0286 4/29/2013 P-113-190 3543057062 2,260.50 92,024.96 John Hancock Life Insurance 5054 0287 4/29/2013 P-113-191 3543057062 6,825.00 277,845.75 Manulife Asset Management (Hong Kong) Limited 5063 0296 4/29/2013 P-113-62 3544122140 3,045.09 124,900.46 Manulife Asset Management (Hong Kong) Limited 5064 0297 4/29/2013 P-113-193 3543269129 3,134.15 128,553.43 Manulife Asset Management (Hong Kong) Limited 5074 0307 4/29/2013 P-113-67 3543234135 12,758.00 519,378.18 John Hancock Life Insurance 5081 0314 4/29/2013 P-113-197 3543057062 40,968.00 1,667,807.28 John Hancock Life Insurance 5087 0320 4/29/2013 P-113-410 3543057062 17,943.51 730,480.29 John Hancock Life Insurance 5091 0324 4/29/2013 P-113-199 3543057062 21,954.12 893,752.23 John Hancock Life Insurance 5098 0331 4/29/2013 P-113-201 3543057062 4,561.26 185,688.89 John Hancock Life Insurance 5100 0333 4/29/2013 P-113-202 3543057062 16,575.53 674,789.83 John Hancock Life Insurance 5101 0334 4/29/2013 P-113-203 3543057062 7,252.20 295,237.06 John Hancock Life Insurance 5102 0335 4/29/2013 P-113-204 3543057062 4,701.79 191,409.87 John Hancock Life Insurance 5103 0336 4/29/2013 P-113-205 3543057062 1,874.67 76,317.82 John Hancock Life Insurance 5104 0337 4/29/2013 P-113-206 3543057062 15,430.67 628,182.58 John Hancock Life Insurance 5105 0338 4/29/2013 P-113-207 3543057062 16,931.70 689,289.51 John Hancock Life Insurance 5108 0341 4/29/2013 P-113-209 3543057062 (130.91) (5,329.34) John Hancock Life Insurance 5113 0346 4/29/2013 P-113-210 3543057062 (2,125.30) (99,497.70) John Hancock Life Insurance 5121 0354 4/29/2013 P-113-293 3543057062 6,669.00 271,494.99 John Hancock Life Insurance 5122 0355 4/29/2013 P-113-421 3543057062 16,491.51 671,369.37 John Hancock Life Insurance 5125 0358 4/29/2013 P-113-215 3543057062 7,871.35 320,442.66 John Hancock Life Insurance 5132 0364 4/29/2013 P-113-92 3543057062 80,398.13 3,273,007.87 John Hancock Life Insurance 5184 0415 4/29/2013 P-113-220 3543077074 26,671.94 1,084,802.48 John Hancock Life Insurance 5192 0423 4/29/2013 P-113-221 3543077074 2,104.77 85,605.31 John Hancock Life Insurance 5204 0435 4/29/2013 P-113-224 3543077074 32,475.10 1,320,828.89 John Hancock Life Insurance 5205 0436 4/29/2013 P-113-225 3543077074 18,570.48 755,299.49 John Hancock Life Insurance 5206 0437 4/29/2013 P-113-226 3543077074 29,005.39 1,179,708.67 John Hancock Life Insurance 5207 0438 4/29/2013 P-113-227 3543077074 34,808.27 1,415,723.70 John Hancock Life Insurance 5208 0439 4/29/2013 P-113-228 3543077074 65,719.33 2,672,939.88 John Hancock Life Insurance 5209 0440 4/29/2013 P-113-229 3543077074 17,005.30 691,640.41 John Hancock Life Insurance 5210 0441 4/29/2013 P-113-230 3543077074 44,089.70 1,793,218.48 John Hancock Life Insurance 5211 0442 4/29/2013 P-113-231 3543077074 6,488.49 263,900.19 John Hancock Life Insurance 5212 0443 4/29/2013 P-113-232 3543077074 1,110.42 45,163.06 John Hancock Life Insurance 5213 0444 4/29/2013 P-113-233 3543077074 1,110.42 45,163.06 John Hancock Life Insurance 5214 0445 4/29/2013 P-113-234 3543077074 347,563.76 14,136,130.62 John Hancock Life Insurance 5215 0446 4/29/2013 P-113-235 3543077074 8,025.00 326,393.20 John Hancock Life Insurance 5216 0447 4/29/2013 P-113-236 3543077074 33,947.89 1,380,730.28 John Hancock Life Insurance 5217 0448 4/29/2013 P-113-237 3543077074 24,731.49 1,005,880.40 John Hancock Life Insurance 5218 0449 4/29/2013 P-113-238 3543077074 8,190.00 333,104.09 John Hancock Life Insurance 5219 0450 4/29/2013 P-113-239 3543077074 2,730.00 111,034.70 John Hancock Life Insurance 5220 0451 4/29/2013 P-113-240 3543077074 16,380.00 666,208.18 John Hancock Life Insurance 5221 0452 4/29/2013 P-113-416 3543077074 14,980.68 609,294.97 John Hancock Life Insurance 5222 0453 4/29/2013 P-113-417 3543077074 36,706.06 1,492,910.71 John Hancock Life Insurance 5223 0454 4/29/2013 P-113-241 3543077074 14,368.42 584,393.10 John Hancock Life Insurance 5224 0455 4/29/2013 P-113-242 3543077074 37,939.57 1,543,080.09 John Hancock Life Insurance 5225 0456 4/29/2013 P-113-243 3543077074 11,104.02 451,623.26 John Hancock Life Insurance 5226 0457 4/29/2013 P-113-244 3543077074 1,490.22 60,610.30 John Hancock Life Insurance 5227 0458 4/29/2013 P-113-245 3543077074 1,514.22 61,586.43 John Hancock Life Insurance 5228 0459 4/29/2013 P-113-246 3543077074 1,514.22 61,586.43 John Hancock Life Insurance 5229 0460 4/29/2013 P-113-247 3543077074 9,555.00 388,621.44 John Hancock Life Insurance 5231 0462 4/29/2013 P-113-248 3543077074 6,669.00 271,241.90 John Hancock Life Insurance 5232 0463 4/29/2013 P-113-418 3543077074 18,117.41 736,872.21 John Hancock Life Insurance 5240 0471 4/29/2013 P-113-249 3543077074 300.00 12,201.62 Manulife Asset Management (Hong Kong) Limited 5242 0473 4/29/2013 P-113-155 3544122140 3,079.89 125,265.44 Manulife Asset Management (Hong Kong) Limited 5243 0474 4/29/2013 P-113-156 3543269129 3,136.69 127,575.61 Manulife Asset Management (Hong Kong) Company Limited 5253 0484 4/29/2013 P-113-159 3543234135 12,758.00 518,894.01 John Hancock Life Insurance 5259 0490 4/29/2013 P-113-258 3543077074 40,968.00 1,666,252.54 John Hancock Life Insurance 5265 0496 4/29/2013 P-113-259 3543077074 16,868.67 686,083.39 John Hancock Life Insurance 5276 0507 4/29/2013 P-113-262 3543077074 4,561.26 185,515.79 John Hancock Life Insurance 5278 0509 4/29/2013 P-113-263 3543077074 7,871.35 320,143.94 John Hancock Life Insurance 5279 0510 4/29/2013 P-113-264 3543077074 4,556.01 185,302.27 John Hancock Life Insurance 5280 0511 4/29/2013 P-113-265 3543077074 2,755.26 112,062.07 John Hancock Life Insurance 5281 0512 4/29/2013 P-113-266 3543077074 8,001.85 325,451.64 John Hancock Life Insurance 5282 0513 4/29/2013 P-113-267 3543077074 17,892.00 727,704.32 John Hancock Life Insurance 5283 0514 4/29/2013 P-113-268 3543077074 18,090.18 735,764.71 John Hancock Life Insurance 5284 0515 4/29/2013 P-113-269 3543077074 18,232.61 741,557.63 John Hancock Life Insurance 5285 0516 4/29/2013 P-113-270 3543077074 18,257.45 742,567.92 John Hancock Life Insurance 5289 0520 4/29/2013 P-113-272 3543077074 121,663.10 4,948,287.69 John Hancock Life Insurance 5289 0520 4/29/2013 P-113-272 3543077074 7,318.64 297,664.09 John Hancock Life Insurance 5329 0559 4/29/2013 P-113-396 3543119022 27,398.18 1,115,824.05 Manulife (International) Ltd. 5341 0571 4/29/2013 P-113-468 3543130192 & 3543134058 49,964.49 2,034,864.34 Manulife (International) Ltd. 5342 0572 4/29/2013 P-113-469 3543130192 & 3543134058 60,493.51 2,463,671.42 Manulife (International) Ltd. 5343 0573 4/29/2013 P-113-466 3543130192 & 3543134058 122,071.42 4,971,994.11 John Hancock Life Insurance 5349 0579 4/29/2013 P-113-423 3543119022 32,241.02 1,313,054.57 John Hancock Life Insurance 5350 0580 4/29/2013 P-113-424 3543119022 18,084.87 736,528.22 John Hancock Life Insurance 5351 0581 4/29/2013 P-113-425 3543119022 28,690.65 1,168,461.45 John Hancock Life Insurance 5352 0582 4/29/2013 P-113-426 3543119022 35,345.66 1,439,494.79 John Hancock Life Insurance 5353 0583 4/29/2013 P-113-427 3543119022 66,658.62 2,714,752.99 John Hancock Life Insurance 5354 0584 4/29/2013 P-113-428 3543119022 16,631.72 677,346.93 John Hancock Life Insurance 5355 0585 4/29/2013 P-113-429 3543119022 42,600.92 1,734,974.04 John Hancock Life Insurance 5356 0586 4/29/2013 P-113-430 3543119022 6,603.05 268,917.20 John Hancock Life Insurance 5357 0587 4/29/2013 P-113-431 3543119022 1,110.42 45,223.20 John Hancock Life Insurance 5358 0588 4/29/2013 P-113-471 3543119022 347,670.02 14,159,282.43 John Hancock Life Insurance 5359 0589 4/29/2013 P-113-432 3543119022 34,393.89 1,400,732.80 John Hancock Life Insurance 5360 0590 4/29/2013 P-113-433 3543119022 32,077.50 1,306,395.02 John Hancock Life Insurance 5361 0591 4/29/2013 P-113-434 3543119022 9,486.75 386,359.38 John Hancock Life Insurance 5362 0592 4/29/2013 P-113-435 3543119022 2,661.75 108,402.99 John Hancock Life Insurance 5363 0593 4/29/2013 P-113-436 3543119022 16,465.30 670,569.27 John Hancock Life Insurance 5364 0594 4/29/2013 P-113-437 3543119022 14,524.33 591,520.92 John Hancock Life Insurance 5365 0595 4/29/2013 P-113-438 3543119022 43,060.22 1,753,679.59 John Hancock Life Insurance 5366 0596 4/29/2013 P-113-439 3543119022 14,469.00 589,267.54 John Hancock Life Insurance 5367 0597 4/29/2013 P-113-440 3543119022 31,877.51 1,298,250.18 John Hancock Life Insurance 5368 0598 4/29/2013 P-113-441 3543119022 11,104.02 452,224.66 John Hancock Life Insurance 5369 0599 4/29/2013 P-113-442 3543119022 8,025.00 326,827.84 John Hancock Life Insurance 5370 0600 4/29/2013 P-113-443 3543119022 1,491.75 60,753.32 John Hancock Life Insurance 5371 0601 4/29/2013 P-113-465 3543119022 1,515.75 61,730.75 John Hancock Life Insurance 5372 0602 4/29/2013 P-113-444 3543119022 1,515.75 61,730.75 John Hancock Life Insurance 5373 0603 4/29/2013 P-113-445 3543119022 9,520.88 387,749.36 John Hancock Life Insurance 5375 0605 4/29/2013 P-113-446 3543119022 9,976.50 406,305.04 John Hancock Life Insurance 5376 0606 4/29/2013 P-113-472 3543119022 20,754.70 845,260.28 John Hancock Life Insurance 5384 0614 4/29/2013 P-113-447 3543119022 5,310.72 216,285.50 Manulife Asset Management (Hong Kong) Limited 5386 0616 4/29/2013 P-113-399 3543269129 3,147.28 128,176.79 Manulife Asset Management (Hong Kong) Company Limited 5394 0624 4/29/2013 P-113-358 3543234135 12,758.00 519,584.99 John Hancock Life Insurance 5401 0631 4/29/2013 P-113-454 3543119022 40,968.00 1,668,471.39 John Hancock Life Insurance 5407 0637 4/29/2013 P-113-455 3543119022 14,470.46 589,327.00 John Hancock Life Insurance 5415 0645 4/29/2013 P-113-456 3543119022 1,140.32 46,440.91 John Hancock Life Insurance 5416 0646 4/29/2013 P-113-372 3543119022 8,514.49 346,762.91 John Hancock Life Insurance 5417 0647 4/29/2013 P-113-457 3543119022 4,556.01 185,549.02 John Hancock Life Insurance 5418 0648 4/29/2013 P-113-458 3543119022 1,874.67 76,348.21 John Hancock Life Insurance 5419 0649 4/29/2013 P-113-459 3543119022 9,487.30 386,381.78 John Hancock Life Insurance 5424 0654 4/29/2013 P-113-460 3543119022 1,110.42 45,223.20 John Hancock Life Insurance 5433 0663 4/29/2013 P-113-461 3543119022 16,931.70 689,563.98 John Hancock Life Insurance 5437 0667 4/29/2013 P-113-463 3543119022 19,733.28 803,661.72 John Hancock Life Insurance 5441 0671 4/29/2013 P-113-464 3543119022 16,589.79 675,639.28 Manulife Asset Management (Hong Kong) Limited 5444 0674 4/29/2013 P-113-400 3544122140 6,109.48 248,815.97 John Hancock Life Insurance 5445 0675 4/29/2013 P-113-401 3543119022 23,980.30 976,626.75 John Hancock Life Insurance 5447 0677 4/29/2013 P-113-403 3543119022 250.00 10,181.55 John Hancock Life Insurance 5451 0681 4/29/2013 P-113-473 3543119022 123,191.83 5,017,136.40 John Hancock Life Insurance 5458 0688 5/30/2013 P-113-843 3543149149 16,708.49 687,594.15 John Hancock Life Insurance 5499 0729 5/30/2013 P-113-844 3543149149 31,437.10 1,293,711.52 John Hancock Life Insurance 5500 0730 5/30/2013 P-113-845 3543149149 1,784.55 70,650.97 John Hancock Life Insurance 5526 0756 5/30/2013 P-113-847 3543149149 2,280.63 93,853.35 John Hancock Life Insurance 5527 0757 5/30/2013 P-113-848 3543149149 31,145.93 1,281,729.18 John Hancock Life Insurance 5528 0758 5/30/2013 P-113-849 3543149149 31,145.93 1,281,729.18 John Hancock Life Insurance 5529 0759 5/30/2013 P-113-850 3543149149 37,974.52 1,562,741.91 John Hancock Life Insurance 5530 0760 5/30/2013 P-113-851 3543149149 66,921.83 2,753,992.64 John Hancock Life Insurance 5531 0761 5/30/2013 P-113-852 3543149149 41,241.50 1,697,185.92 John Hancock Life Insurance 5532 0762 5/30/2013 P-113-853 3543149149 6,785.72 279,248.53 John Hancock Life Insurance 5533 0763 5/30/2013 P-113-854 3543149149 1,110.42 45,696.43 John Hancock Life Insurance 5534 0764 5/30/2013 P-113-855 3543149149 1,110.42 45,696.43 John Hancock Life Insurance 5535 0765 5/30/2013 P-113-856 3543149149 342,764.33 14,105,568.29 John Hancock Life Insurance 5536 0766 5/30/2013 P-113-857 3543149149 8,025.00 330,247.86 John Hancock Life Insurance 5537 0767 5/30/2013 P-113-858 3543149149 33,802.84 1,391,067.35 John Hancock Life Insurance 5538 0768 5/30/2013 P-113-859 3543149149 30,031.42 1,235,864.44 John Hancock Life Insurance 5539 0769 5/30/2013 P-113-860 3543149149 8,190.00 337,038.00 John Hancock Life Insurance 5540 0770 5/30/2013 P-113-861 3543149149 2,730.00 112,346.00 John Hancock Life Insurance 5541 0771 5/30/2013 P-113-862 3543149149 13,650.00 561,730.00 John Hancock Life Insurance 5542 0772 5/30/2013 P-113-863 3543149149 16,334.61 672,208.09 John Hancock Life Insurance 5543 0773 5/30/2013 P-113-864 3543149149 42,753.67 1,759,415.31 John Hancock Life Insurance 5544 0774 5/30/2013 P-113-865 3543149149 14,912.18 613,671.71 John Hancock Life Insurance 5545 0775 5/30/2013 P-113-866 3543149149 28,076.19 1,155,402.07 John Hancock Life Insurance 5546 0776 5/30/2013 P-113-867 3543149149 11,104.02 456,956.86 John Hancock Life Insurance 5547 0777 5/30/2013 P-113-868 3543149149 1,602.16 65,932.70 John Hancock Life Insurance 5548 0778 5/30/2013 P-113-869 3543149149 1,514.32 62,317.87 John Hancock Life Insurance 5549 0779 5/30/2013 P-113-870 3543149149 1,514.32 62,317.87 John Hancock Life Insurance 5550 0780 5/30/2013 P-113-871 3543149149 9,555.00 393,211.00 John Hancock Life Insurance 5552 0782 5/30/2013 P-113-872 3543149149 2,675.00 110,082.62 John Hancock Life Insurance 5553 0783 5/30/2013 P-113-873 3543149149 9,976.50 410,556.73 John Hancock Life Insurance 5554 0784 5/30/2013 P-113-874 3543149149 19,357.18 796,594.05 John Hancock Life Insurance 5561 0791 5/30/2013 P-113-875 3543149149 2,250.00 92,592.86 John Hancock Life Insurance 5562 0792 5/30/2013 P-113-876 3543149149 3,737.17 153,793.44 John Hancock Life Insurance 5563 0793 5/30/2013 P-113-877 3543149149 350.00 14,403.33 Manulife Asset Management (Hong Kong) Limited 5566 0796 9/26/2013 P-113-789 3543269129 3,109.73 127,972.79 Manulife Asset Management (Hong Kong) Company Limited 5573 0803 8/22/2013 P-113-796 3543234135 12,758.00 525,022.08 John Hancock Life Insurance 5579 0809 5/30/2013 P-113-879 3543149149 40,968.00 1,685,930.74 John Hancock Life Insurance 5584 0814 5/30/2013 P-113-880 3543149149 14,842.81 610,816.97 John Hancock Life Insurance 5596 0826 5/30/2013 P-113-881 3543149149 18,034.87 742,177.84 John Hancock Life Insurance 5597 0827 5/30/2013 P-113-882 3543149149 17,946.19 738,528.45 John Hancock Life Insurance 5598 0828 5/30/2013 P-113-883 3543149149 9,372.02 385,680.94 John Hancock Life Insurance 5599 0829 5/30/2013 P-113-884 3543149149 4,909.32 202,030.21 John Hancock Life Insurance 5600 0830 5/30/2013 P-113-885 3543149149 1,874.67 77,147.13 John Hancock Life Insurance 5601 0831 5/30/2013 P-113-886 3543149149 23,856.00 981,731.20 John Hancock Life Insurance 5602 0832 5/30/2013 P-113-887 3543149149 16,984.60 698,956.73 John Hancock Life Insurance 5604 0834 5/30/2013 P-113-888 3543149149 9,487.74 390,443.09 John Hancock Life Insurance 5607 0837 5/30/2013 P-113-889 3543149149 28,076.19 1,155,402.07 John Hancock Life Insurance 5609 0839 5/30/2013 P-113-890 3543149149 18,084.87 744,235.46 John Hancock Life Insurance 5616 0846 5/30/2013 P-113-934 3543149149 126,584.84 5,209,267.56 John Hancock Life Insurance 5663 0893 6/28/2013 P-113-893 3543171200 27,199.74 1,124,763.65 John Hancock Life Insurance 5664 0894 6/28/2013 P-113-894 3543171200 1,597.14 66,044.93 John Hancock Life Insurance 5688 0918 6/28/2013 P-113-895 3543171200 2,280.63 94,308.61 John Hancock Life Insurance 5689 0919 6/28/2013 P-113-896 3543171200 29,682.98 1,227,450.59 John Hancock Life Insurance 5690 0920 6/28/2013 P-113-897 3543171200 17,926.66 741,303.24 John Hancock Life Insurance 5691 0921 6/28/2013 P-113-609 3543171200 28,954.21 1,197,314.49 John Hancock Life Insurance 5692 0922 6/28/2013 P-113-898 3543171200 35,122.56 1,452,388.10 John Hancock Life Insurance 5693 0923 6/28/2013 P-113-899 3543171200 59,075.79 2,442,902.07 John Hancock Life Insurance 5694 0924 6/28/2013 P-113-900 3543171200 17,606.65 728,070.19 John Hancock Life Insurance 5695 0925 6/28/2013 P-113-901 3543171200 40,738.11 1,684,602.32 John Hancock Life Insurance 5696 0926 6/28/2013 P-113-902 3543171200 6,743.07 278,839.43 John Hancock Life Insurance 5697 0927 6/28/2013 P-113-903 3543171200 1,110.42 45,918.09 John Hancock Life Insurance 5698 0928 6/28/2013 P-113-904 3543171200 1,110.42 45,918.09 John Hancock Life Insurance 5699 0929 6/28/2013 P-113-905 3543171200 343,705.90 14,212,926.38 John Hancock Life Insurance 5700 0930 6/28/2013 P-113-906 3543171200 8,025.00 331,849.80 John Hancock Life Insurance 5701 0931 6/28/2013 P-113-907 3543171200 32,787.90 1,355,845.24 John Hancock Life Insurance 5702 0932 6/28/2013 P-113-908 3543171200 33,968.32 1,404,657.97 John Hancock Life Insurance 5703 0933 6/28/2013 P-113-909 3543171200 8,190.00 338,672.88 John Hancock Life Insurance 5704 0934 6/28/2013 P-113-910 3543171200 2,730.00 112,890.96 John Hancock Life Insurance 5705 0935 6/28/2013 P-113-911 3543171200 13,463.86 556,757.54 John Hancock Life Insurance 5706 0936 6/28/2013 P-113-912 3543171200 18,810.65 777,858.00 John Hancock Life Insurance 5707 0937 6/28/2013 P-113-913 3543171200 41,645.10 1,722,108.18 John Hancock Life Insurance 5708 0938 6/28/2013 P-113-914 3543171200 16,501.76 682,380.78 John Hancock Life Insurance 5709 0939 6/28/2013 P-113-936 3543171200 24,085.93 996,001.38 John Hancock Life Insurance 5710 0940 6/28/2013 P-113-937 3543171200 11,104.02 459,173.44 John Hancock Life Insurance 5711 0941 6/28/2013 P-113-915 3543171200 2,428.26 100,413.41 John Hancock Life Insurance 5712 0942 6/28/2013 P-113-916 3543171200 2,260.50 93,476.20 John Hancock Life Insurance 5713 0943 6/28/2013 P-113-917 3543171200 2,260.50 93,476.20 John Hancock Life Insurance 5714 0944 6/28/2013 P-113-918 3543171200 7,941.82 328,410.14 John Hancock Life Insurance 5717 0947 6/28/2013 P-113-919 3543171200 9,976.50 412,548.23 John Hancock Life Insurance 5718 0948 6/28/2013 P-113-920 3543171200 19,357.18 800,458.11 John Hancock Life Insurance 5725 0955 6/28/2013 P-113-618 3543171200 450.00 18,608.40 John Hancock Life Insurance 5726 0956 6/28/2013 P-113-921 3543171200 3,737.17 154,539.45 John Hancock Life Insurance 5727 0957 6/28/2013 P-113-922 3543171200 150.00 6,202.80 Manulife Asset Management (Hong Kong) Limited 5731 0961 9/26/2013 P-113-799 3543269129 3,147.32 130,147.98 Manulife Asset Management (Hong Kong) Company Limited 5739 0969 8/22/2013 P-113-801 3543234135 12,758.00 527,568.82 John Hancock Life Insurance 5750 0980 6/28/2013 P-113-960 3543171200 15,381.39 636,051.24 John Hancock Life Insurance 5764 0994 6/28/2013 P-113-945 3543171200 18,230.61 753,872.18 John Hancock Life Insurance 5765 0995 6/28/2013 P-113-946 3543171200 17,946.19 742,110.85 John Hancock Life Insurance 5766 0996 6/28/2013 P-113-947 3543171200 9,372.02 387,551.77 John Hancock Life Insurance 5767 0997 6/28/2013 P-113-948 3543171200 42,022.77 1,737,725.59 John Hancock Life Insurance 5768 0998 6/28/2013 P-113-949 3543171200 7,570.23 313,044.15 John Hancock Life Insurance 5769 0999 6/28/2013 P-113-950 3543171200 1,874.67 77,521.35 John Hancock Life Insurance 5770 1000 6/28/2013 P-113-951 3543171200 23,856.00 986,493.31 John Hancock Life Insurance 5771 1001 6/28/2013 P-113-952 3543171200 17,239.73 712,897.31 John Hancock Life Insurance 5772 1002 6/28/2013 P-113-953 3543171200 8,543.75 353,301.15 John Hancock Life Insurance 5778 1009 6/28/2013 P-113-923 3543171200 121,521.21 5,025,145.08 John Hancock Life Insurance 5786 1017 7/30/2013 P-113-632 3543205213 6,743.07 289,673.41 John Hancock Life Insurance 5825 1056 7/30/2013 P-113-671 3543205213 29,674.40 1,274,773.18 John Hancock Life Insurance 5826 1057 7/30/2013 P-113-672 3543205213 18,050.75 775,436.47 John Hancock Life Insurance 5827 1058 7/30/2013 P-113-673 3543205213 28,920.09 1,242,369.01 John Hancock Life Insurance 5828 1059 7/30/2013 P-113-674 3543205213 32,907.14 1,413,647.44 John Hancock Life Insurance 5829 1060 7/30/2013 P-113-675 3543205213 63,580.30 2,731,326.03 John Hancock Life Insurance 5830 1061 7/30/2013 P-113-676 3543205213 20,827.06 894,703.09 John Hancock Life Insurance 5831 1062 7/30/2013 P-113-677 3543205213 41,315.05 1,776,128.95 John Hancock Life Insurance 5832 1063 7/30/2013 P-113-678 3543205213 3,737.17 160,543.91 John Hancock Life Insurance 5833 1064 7/30/2013 P-113-679 3543205213 1,337.50 57,457.24 John Hancock Life Insurance 5834 1065 7/30/2013 P-113-680 3543205213 1,383.00 59,411.86 John Hancock Life Insurance 5835 1066 7/30/2013 P-113-681 3543205213 33,020.14 1,418,501.77 John Hancock Life Insurance 5836 1067 7/30/2013 P-113-682 3543205213 28,665.00 1,231,410.68 John Hancock Life Insurance 5837 1068 7/30/2013 P-113-683 3543205213 8,190.00 351,831.62 John Hancock Life Insurance 5838 1069 7/30/2013 P-113-684 3543205213 2,730.00 117,277.21 John Hancock Life Insurance 5839 1070 7/30/2013 P-113-685 3543205213 14,673.75 630,364.99 John Hancock Life Insurance 5840 1071 7/30/2013 P-113-686 3543205213 15,347.47 659,307.12 John Hancock Life Insurance 5841 1072 7/30/2013 P-113-687 3543205213 41,936.50 1,801,536.86 John Hancock Life Insurance 5842 1073 7/30/2013 P-113-688 3543205213 20,338.50 873,715.20 John Hancock Life Insurance 5843 1074 7/30/2013 P-113-689 3543205213 17,734.73 761,860.67 John Hancock Life Insurance 5844 1075 7/30/2013 P-113-690 3543205213 8,025.00 344,743.44 John Hancock Life Insurance 5845 1076 7/30/2013 P-113-691 3543205213 2,337.39 100,411.20 John Hancock Life Insurance 5847 1078 7/30/2013 P-113-693 3543205213 2,260.50 97,108.11 John Hancock Life Insurance 5848 1079 7/30/2013 P-113-694 3543205213 8,241.18 354,030.25 John Hancock Life Insurance 5851 1082 7/30/2013 P-113-697 3543205213 9,976.50 428,577.31 John Hancock Life Insurance 5852 1083 7/30/2013 P-113-698 3543205213 23,452.18 1,007,474.79 Manulife Asset Management (Hong Kong) Company Limited 5861 1092 9/26/2013 P-113-707 3543269129 3,327.59 142,948.89 John Hancock Life Insurance 5869 1100 7/30/2013 P-113-715 3543205213 16,488.90 708,341.45 John Hancock Life Insurance 5883 1114 7/30/2013 P-113-729 3543205213 18,230.61 783,163.02 John Hancock Life Insurance 5884 1115 7/30/2013 P-113-730 3543205213 19,491.06 837,310.29 John Hancock Life Insurance 5885 1116 7/30/2013 P-113-731 3543205213 9,372.02 402,609.65 John Hancock Life Insurance 5886 1117 7/30/2013 P-113-732 3543205213 23,158.50 994,858.69 John Hancock Life Insurance 5887 1118 7/30/2013 P-113-733 3543205213 16,932.70 727,406.51 John Hancock Life Insurance 5888 1119 7/30/2013 P-113-734 3543205213 41,718.75 1,792,182.61 John Hancock Life Insurance 5889 1120 7/30/2013 P-113-735 3543205213 7,196.80 309,165.06 John Hancock Life Insurance 5890 1121 7/30/2013 P-113-736 3543205213 1,874.67 80,533.36 John Hancock Life Insurance 5891 1122 7/30/2013 P-113-737 3543205213 9,498.30 408,034.47 John Hancock Life Insurance 5896 1127 7/30/2013 P-113-742 3543205213 339,875.58 14,600,607.71 John Hancock Life Insurance 5901 1132 7/30/2013 P-113-747 3543205213 2,280.63 97,972.86 John Hancock Life Insurance 5902 1133 7/30/2013 P-113-748 3543205213 555.21 23,851.09 John Hancock Life Insurance 5917 1148 7/30/2013 P-113-763 3543205213 9,122.52 391,891.46 John Hancock Life Insurance 5919 1150 7/30/2013 P-113-765 3543205213 267.86 11,506.91 John Hancock Life Insurance 5927 1158 7/30/2013 P-113-773 3543205213 29,562.40 1,269,961.81 Manulife Asset Management (Hong Kong) Company Limited 5930 1161 8/22/2013 P-113-776 3543234135 12,758.00 548,066.89 Manulife Asset Management (Hong Kong) Company Limited 5940 1171 7/30/2013 P-113-782 3544122140 6,065.97 260,586.09 John Hancock Life Insurance 5945 1176 7/30/2013 P-113-787 3543205213 120,557.08 5,178,973.53 John Hancock Life Insurance 5954 1185 8/30/2013 P-113-1258 3543234323 9,475.01 410,904.41 John Hancock Life Insurance 5982 1213 8/30/2013 P-113-1259 3543234323 30,955.38 1,342,447.35 John Hancock Life Insurance 5998 1229 8/30/2013 P-113-1260 3543234323 3,040.84 131,872.64 John Hancock Life Insurance 5999 1230 8/30/2013 P-113-996 3543234323 29,707.84 1,288,345.06 John Hancock Life Insurance 6000 1231 8/30/2013 P-113-1261 3543234323 3,001.34 130,159.63 John Hancock Life Insurance 6001 1232 8/30/2013 P-113-1262 3543234323 19,353.70 839,315.27 John Hancock Life Insurance 6002 1233 8/30/2013 P-113-1131 3543234323 29,834.61 1,293,842.72 John Hancock Life Insurance 6003 1234 8/30/2013 P-113-1263 3543234323 33,502.98 1,452,929.56 John Hancock Life Insurance 6004 1235 8/30/2013 P-113-1264 3543234323 63,960.89 2,773,803.04 John Hancock Life Insurance 6005 1236 8/30/2013 P-113-1265 3543234323 20,057.94 869,856.17 John Hancock Life Insurance 6006 1237 8/30/2013 P-113-1266 3543234323 44,123.92 1,913,529.71 John Hancock Life Insurance 6007 1238 8/30/2013 P-113-1310 3543234323 7,239.43 313,953.62 John Hancock Life Insurance 6008 1239 8/30/2013 P-113-1267 3543234323 3,756.32 162,900.98 John Hancock Life Insurance 6009 1240 8/30/2013 P-113-1268 3543234323 5,004.98 217,051.84 John Hancock Life Insurance 6010 1241 8/30/2013 P-113-1269 3543234323 555.21 24,077.89 John Hancock Life Insurance 6011 1242 8/30/2013 P-113-1270 3543234323 1,383.00 59,976.80 John Hancock Life Insurance 6012 1243 8/30/2013 P-113-1271 3543234323 20,698.61 897,640.22 John Hancock Life Insurance 6013 1244 8/30/2013 P-113-1132 3543234323 351,595.71 15,247,712.30 John Hancock Life Insurance 6014 1245 8/30/2013 P-113-1272 3543234323 30,172.11 1,308,479.14 John Hancock Life Insurance 6015 1246 8/30/2013 P-113-1273 3543234323 29,675.51 1,286,943.00 John Hancock Life Insurance 6016 1247 8/30/2013 P-113-1274 3543234323 7,138.95 309,596.09 John Hancock Life Insurance 6017 1248 8/30/2013 P-113-1275 3543234323 2,730.00 118,392.38 John Hancock Life Insurance 6018 1249 8/30/2013 P-113-1276 3543234323 15,015.00 651,158.12 John Hancock Life Insurance 6019 1250 8/30/2013 P-113-1277 3543234323 16,857.28 731,052.59 John Hancock Life Insurance 6020 1251 8/30/2013 P-113-1278 3543234323 40,137.17 1,740,635.63 John Hancock Life Insurance 6021 1252 8/30/2013 P-113-1279 3543234323 19,296.14 836,819.06 John Hancock Life Insurance 6022 1253 8/30/2013 P-113-1280 3543234323 17,426.36 755,731.98 John Hancock Life Insurance 6023 1254 8/30/2013 P-113-1281 3543234323 9,787.52 424,457.08 John Hancock Life Insurance 6024 1255 8/30/2013 P-113-1282 3543234323 8,025.00 348,021.57 John Hancock Life Insurance 6025 1256 8/30/2013 P-113-1283 3543234323 8,190.00 355,177.15 John Hancock Life Insurance 6029 1260 8/30/2013 P-113-1284 3543234323 20,910.24 906,818.01 John Hancock Life Insurance 6036 1267 11/4/2013 P-113-1410 3543308149 300.00 13,010.15 John Hancock Life Insurance 6037 1268 8/30/2013 P-113-1285 3513234323 625.00 27,104.48 Manulife Asset Management (Hong Kong) Company Limited 6041 1272 9/26/2013 P-113-1255 3543269129 3,174.83 137,683.40 John Hancock Life Insurance 6053 1284 8/30/2013 P-113-1256 3543234323 14,999.02 650,465.11 John Hancock Life Insurance 6072 1303 8/30/2013 P-113-1288 3543234323 15,762.11 683,558.17 John Hancock Life Insurance 6073 1304 8/30/2013 P-113-1289 3543234323 20,295.82 880,172.36 John Hancock Life Insurance 6074 1305 8/30/2013 P-113-1290 3543234323 7,803.14 338,400.13 John Hancock Life Insurance 6075 1306 8/30/2013 P-113-1291 3543234323 23,039.72 999,167.54 John Hancock Life Insurance 6076 1307 8/30/2013 P-113-1292 3543234323 16,932.70 734,323.35 John Hancock Life Insurance 6077 1308 8/30/2013 P-113-1293 3543234323 48,889.21 2,120,186.87 John Hancock Life Insurance 6078 1309 8/30/2013 P-113-1294 3543234323 4,187.44 181,597.44 John Hancock Life Insurance 6079 1310 8/30/2013 P-113-1295 3543234323 1,376.54 59,696.65 John Hancock Life Insurance 6080 1311 8/30/2013 P-113-1296 3543234323 3,105.59 134,680.66 John Hancock Life Insurance 6101 1332 8/30/2013 P-113-1297 3543234323 1,598.20 69,309.42 John Hancock Life Insurance 6102 1333 8/30/2013 P-113-1298 3543234323 1,514.32 65,671.78 John Hancock Life Insurance 6103 1334 8/30/2013 P-113-1299 3543234323 1,514.32 65,671.78 John Hancock Life Insurance 6104 1335 8/30/2013 P-113-1300 3543234323 9,976.50 432,652.61 John Hancock Life Insurance 6113 1344 8/30/2013 P-113-1301 3543234323 1,874.67 81,299.14 John Hancock Life Insurance 6123 1354 8/30/2013 P-113-1045 3543234323 123,962.34 5,375,896.36 John Hancock Life Insurance 6123 1354 8/30/2013 P-113-1045 3543234323 29,230.81 1,267,657.62 John Hancock Life Insurance 6169 1400 9/30/2013 P-113-1317 3543266111 27,829.77 1,240,241.10 John Hancock Life Insurance 6194 1425 9/30/2013 P-113-1318 3543266111 3,040.84 135,515.84 John Hancock Life Insurance 6195 1426 9/30/2013 P-113-1319 3543266111 32,750.68 1,459,542.77 John Hancock Life Insurance 6196 1427 9/30/2013 P-113-1320 3543266111 3,001.34 133,755.52 John Hancock Life Insurance 6197 1428 9/30/2013 P-113-1321 3543266111 23,137.98 1,031,150.23 John Hancock Life Insurance 6198 1429 9/30/2013 P-113-1322 3543266111 31,987.04 1,425,510.95 John Hancock Life Insurance 6199 1430 9/30/2013 P-113-1323 3543266111 47,183.70 2,102,754.14 John Hancock Life Insurance 6200 1431 9/30/2013 P-113-1324 3543266111 64,923.09 2,893.314.78 John Hancock Life Insurance 6201 1432 9/30/2013 P-113-1370 3543266111 20,312.52 905,232.86 John Hancock Life Insurance 6202 1433 9/30/2013 P-113-1325 3543266111 45,948.74 2,047,717.82 John Hancock Life Insurance 6203 1434 9/30/2013 P-113-1326 3543266111 7,177.39 319,862.29 John Hancock Life Insurance 6204 1435 9/30/2013 P-113-1327 3543266111 4,492.15 200,193.86 John Hancock Life Insurance 6205 1436 9/30/2013 P-113-1328 3543266111 3,213.11 143,193.10 John Hancock Life Insurance 6206 1437 9/30/2013 P-113-1329 3543266111 555.21 24,743.08 John Hancock Life Insurance 6207 1438 9/30/2013 P-113-1330 3543266111 1,383.00 61,633.76 John Hancock Life Insurance 6208 1439 9/30/2013 P-113-1367 3543266111 333,538.11 14,864,214.59 John Hancock Life Insurance 6209 1440 9/30/2013 P-113-1331 3543266111 33,020.24 1,471,555.78 John Hancock Life Insurance 6210 1441 9/30/2013 P-113-1332 3543266111 32,123.51 1,431,592.77 John Hancock Life Insurance 6211 1442 9/30/2013 P-113-1333 3543266111 9,241.05 411,829.85 John Hancock Life Insurance 6212 1443 9/30/2013 P-113-1334 3543266111 2,730.00 121,663.18 John Hancock Life Insurance 6213 1444 9/30/2013 P-113-1335 3543266111 15,015.00 669,147.47 John Hancock Life Insurance 6214 1445 9/30/2013 P-113-1144 3543266111 16,230.33 723,308.97 John Hancock Life Insurance 6215 1446 9/30/2013 P-113-1336 3543266111 39,711.16 1,769,738.41 John Hancock Life Insurance 6216 1447 9/30/2013 P-113-1337 3543266111 18,799.77 837,816.75 John Hancock Life Insurance 6217 1448 9/30/2013 P-113-1338 3543266111 17,554.57 782,324.08 John Hancock Life Insurance 6218 1449 9/30/2013 P-113-1339 3543266111 9,122.52 406,547.53 John Hancock Life Insurance 6219 1450 9/30/2013 P-113-1340 3543266111 8,025.00 357,636.26 John Hancock Life Insurance 6220 1451 9/30/2013 P-113-1341 3543266111 8,065.91 359,459.42 John Hancock Life Insurance 6222 1453 9/30/2013 P-113-1342 3543266111 9,976.50 444,605.38 John Hancock Life Insurance 6223 1454 9/30/2013 P-113-1343 3543266111 20,740.94 924,325.51 John Hancock Life Insurance 6230 1461 9/30/2013 P-113-1371 3543266111 625.00 27,853.29 John Hancock Life Insurance 6232 1463 9/30/2013 P-113-1372 3543266111 178.57 7,958.02 Manulife Asset Management (Hong Kong) Company Limited 6235 1466 9/26/2013 P-113-1315 3543269129 3,152.82 140,506.26 John Hancock Life Insurance 6253 1484 9/30/2013 P-113-1344 3543266111 14,153.90 630,772.31 John Hancock Life Insurance 6263 1494 9/30/2013 P-113-1345 3543266111 763.07 34,006.42 John Hancock Life Insurance 6274 1505 9/30/2013 P-113-1347 3543266111 14,326.06 638,444.67 John Hancock Life Insurance 6275 1506 9/30/2013 P-113-1348 3543266111 20,808.31 927,327.87 John Hancock Life Insurance 6276 1507 9/30/2013 P-113-1349 3543266111 9,372.02 417,666.57 John Hancock Life Insurance 6277 1508 9/30/2013 P-113-1350 3543266111 23,062.21 1,027,773.52 John Hancock Life Insurance 6278 1509 9/30/2013 P-113-1351 3543266111 16,932.70 754,610.28 John Hancock Life Insurance 6279 1510 9/30/2013 P-113-1352 3543266111 55,811.79 2,487,267.27 John Hancock Life Insurance 6280 1511 9/30/2013 P-113-1353 3543266111 4,556.01 203,039.80 John Hancock Life Insurance 6281 1512 9/30/2013 P-113-1354 3543266111 1,874.67 83,545.17 John Hancock Life Insurance 6294 1525 9/30/2013 P-113-1355 3543266111 9,509.70 423,802.31 John Hancock Life Insurance 6295 1526 9/30/2013 P-113-1356 3543266111 5,470.16 243,779.14 John Hancock Life Insurance 6297 1528 9/30/2013 P-113-1357 3543266111 1,464.36 65,259.59 John Hancock Life Insurance 6298 1529 9/30/2013 P-113-1149 3543266111 1,387.47 61,832.97 John Hancock Life Insurance 6299 1530 9/30/2013 P-113-1358 3543266111 1,387.47 61,832.97 John Hancock Life Insurance 6306 1537 9/30/2013 P-113-1127 3543266111 126,413.61 5,629,575.31 John Hancock Life Insurance 6318 1549 11/4/2013 P-113-1419 3543308149 8,256.77 360,133.03 John Hancock Life Insurance 6352 1583 11/4/2013 P-113-1420 3543308149 28,592.89 1,247,127.39 John Hancock Life Insurance 6356 1587 11/4/2013 P-113-1421 3543308149 76.93 3,355.43 John Hancock Life Insurance 6375 1606 11/4/2013 P-113-1423 3543308149 3,040.84 132,631.39 John Hancock Life Insurance 6376 1607 11/4/2013 P-113-1424 3543308149 31,613.39 1,378,871.62 John Hancock Life Insurance 6377 1608 11/4/2013 P-113-1425 3543308149 1,125.50 49,090.59 John Hancock Life Insurance 6378 1609 11/4/2013 P-113-1426 3543308149 21,390.45 932,980.75 John Hancock Life Insurance 6379 1610 11/4/2013 P-113-1476 3543308149 30,745.48 1,341,016.25 John Hancock Life Insurance 6380 1611 11/4/2013 P-113-1427 3543308149 46,713.19 2,037,475.01 John Hancock Life Insurance 6381 1612 11/4/2013 P-113-1428 3543308149 74,372.71 3,243,891.88 John Hancock Life Insurance 6382 1613 1/4/2013 P-113-1429 3543308149 20,244.27 882,988.17 John Hancock Life Insurance 6383 1614 11/4/2013 P-113-1430 3543308149 46,595.86 2,032,357.46 John Hancock Life Insurance 6384 1615 11/4/2013 P-113-1431 3543308149 6,743.07 294,110.43 John Hancock Life Insurance 6385 1616 11/4/2013 P-113-1432 3543308149 4,491.67 195,911.80 John Hancock Life Insurance 6386 1617 11/4/2013 P-113-1433 3543308149 2,856.17 124,576.70 John Hancock Life Insurance 6387 1618 11/4/2013 P-113-1434 3543308149 555.21 24,216.43 John Hancock Life Insurance 6388 1619 11/4/2013 P-113-1435 3543308149 1,383.00 60,321.89 John Hancock Life Insurance 6389 1620 11/4/2013 P-113-1436 3543308149 354,737.43 15,472,474.65 John Hancock Life Insurance 6390 1621 11/4/2013 P-113-1437 3543308149 35,193.55 1,535,026.37 John Hancock Life Insurance 6391 1622 11/4/2013 P-113-1438 3543308149 28,460.25 1,241,342.07 John Hancock Life Insurance 6392 1623 11/4/2013 P-113-1439 3543308149 8,190.00 357,220.74 John Hancock Life Insurance 6393 1624 11/4/2013 P-113-1440 3543308149 2,730.00 119,073.58 John Hancock Life Insurance 6394 1625 11/4/2013 P-113-1441 3543308149 14,332.50 625,136.30 John Hancock Life Insurance 6395 1626 11/4/2013 P-113-1442 3543308149 15,296.29 667,173.63 John Hancock Life Insurance 6396 1627 11/4/2013 P-113-1443 3543308149 45,044.95 1,964,711.89 John Hancock Life Insurance 6397 1628 11/4/2013 P-113-1444 3543308149 18,837.00 821,607.70 John Hancock Life Insurance 6398 1629 11/4/2013 P-113-1445 3543308149 16,336.75 712,555.06 John Hancock Life Insurance 6399 1630 11/4/2013 P-113-1446 3543308149 9,122.52 397,894.18 John Hancock Life Insurance 6400 1631 11/4/2013 P-113-1447 3543308149 8,025.00 350,023.99 John Hancock Life Insurance 6401 1632 11/4/2013 P-113-1448 3543308149 2,321.72 101,265.76 John Hancock Life Insurance 6402 1633 11/4/2013 P-113-1449 3543308149 2,125.82 92,721.24 John Hancock Life Insurance 6403 1634 11/4/2013 P-113-1450 3543308149 2,125.82 92,721.24 John Hancock Life Insurance 6404 1635 11/4/2013 P-113-1451 3543308149 2,125.82 92,721.24 John Hancock Life Insurance 6405 1636 11/4/2013 P-113-1452 3543308149 7,712.25 336,382.86 John Hancock Life Insurance 6408 1639 11/4/2013 P-113-1453 3543308149 9,976.50 435,141.97 John Hancock Life Insurance 6409 1640 11/4/2013 P-113-1454 3543308149 23,452.18 1,022,906.61 John Hancock Life Insurance 6437 1668 11/4/2013 P-113-1457 3543308149 20,173.52 879,902.29 John Hancock Life Insurance 6445 1676 11/4/2013 P-113-1458 3543308149 1,526.15 66,565.62 John Hancock Life Insurance 6452 1683 11/4/2013 P-113-1238 3543308149 6,651.00 290,094.65 John Hancock Life Insurance 6460 1691 11/4/2013 P-113-1461 3543308149 15,912.19 694,037.15 John Hancock Life Insurance 6461 1692 11/4/2013 P-113-1462 3543308149 21,857.42 953,348.44 John Hancock Life Insurance 6462 1693 11/4/2013 P-113-1463 3543308149 9,372.02 408,776.55 John Hancock Life Insurance 6463 1694 11/4/2013 P-113-1464 3543308149 23,319.24 1,017,108.20 John Hancock Life Insurance 6464 1695 11/4/2013 P-113-1465 3543308149 17,588.10 767,134.81 John Hancock Life Insurance 6465 1696 11/4/2013 P-113-1466 3543308149 54,618.00 2,382,256.70 John Hancock Life Insurance 6466 1697 11/4/2013 P-113-1467 3543308149 4,556.01 198,718.10 John Hancock Life Insurance 6467 1698 11/4/2013 P-113-1468 3543308149 1,874.67 81,766.91 John Hancock Life Insurance 6468 1699 11/4/2013 P-113-1469 3543308149 5,470.16 238,590.31 John Hancock Life Insurance 6481 1712 11/4/2013 P-113-1470 3543308149 178.57 7,788.63 John Hancock Life Insurance 6482 1713 11/4/2013 P-113-1471 3543308149 625.00 27,260.44 John Hancock Life Insurance 6491 1722 11/4/2013 P-113-1244 3543308149 131,274.83 5,725,774.37 John Hancock Life Insurance 6533 1764 11/29/2013 P-113-1613 3543333164 30,083.76 1,299,121.66 John Hancock Life Insurance 6537 1768 11/29/2013 P-113-1531 3543333164 244.43 10,555.34 John Hancock Life Insurance 6558 1789 11/29/2013 P-113-1614 3543333164 30,025.14 1,296,590.24 John Hancock Life Insurance 6559 1790 11/29/2013 P-113-1615 3543333164 21,263.44 918,229.48 John Hancock Life Insurance 6560 1791 11/29/2013 P-113-1546 3543333164 30,267.74 1,307,066.56 John Hancock Life Insurance 6561 1792 11/29/2013 P-113-1616 3543333164 77,332.76 3,339,498.24 John Hancock Life Insurance 6562 1793 11/29/2013 P-113-1617 3543333164 20,312.52 877,165.44 John Hancock Life Insurance 6563 1794 11/29/2013 P-113-1618 3543333164 46,338.67 2,001,065.35 John Hancock Life Insurance 6564 1795 11/29/2013 P-113-1619 3543333164 45,542.90 1,966,701.23 John Hancock Life Insurance 6565 1796 11/29/2013 P-113-1620 3543333164 6,965.72 300,804.08 John Hancock Life Insurance 6566 1797 11/29/2013 P-113-1621 3543333164 4,491.67 193,965.97 John Hancock Life Insurance 6567 1798 11/29/2013 P-113-1622 3543333164 2,852.76 123,192.12 John Hancock Life Insurance 6568 1799 11/29/2013 P-113-1623 3543333164 1,383.00 59,722.76 John Hancock Life Insurance 6569 1800 11/29/2013 P-113-1624 3543333164 361,432.09 15,607,897.96 John Hancock Life Insurance 6570 1801 11/29/2013 P-113-1665 3543333164 36,948.24 1,595,553.84 John Hancock Life Insurance 6571 1802 11/29/2013 P-113-1666 3543333164 30,521.25 1,318,014.00 John Hancock Life Insurance 6572 1803 11/29/2013 P-113-1625 3543333164 8,190.00 353,672.76 John Hancock Life Insurance 6573 1804 11/29/2013 P-113-1626 3543333164 2,730.00 117,890.92 John Hancock Life Insurance 6574 1805 11/29/2013 P-113-1627 3543333164 14,777.61 638,148.73 John Hancock Life Insurance 6575 1806 11/29/2013 P-113-1547 3543333164 15,048.92 649,864.84 John Hancock Life Insurance 6576 1807 11/29/2013 P-113-1548 3543333164 40,933.60 1,767,655.58 John Hancock Life Insurance 6577 1808 11/29/2013 P-113-1628 3543333164 21,424.57 925,187.64 John Hancock Life Insurance 6578 1809 11/29/2013 P-113-1629 3543333164 16,323.73 704,915.58 John Hancock Life Insurance 6579 1810 11/29/2013 P-113-1630 3543333164 9,122.52 393,942.22 John Hancock Life Insurance 6580 1811 11/29/2013 P-113-1631 3543333164 8,025.00 346,547.48 John Hancock Life Insurance 6581 1812 11/29/2013 P-113-1632 3343333164 4,041.99 174,547.22 John Hancock Life Insurance 6582 1813 11/29/2013 P-113-1633 3543333164 2,260.50 97,616.27 John Hancock Life Insurance 6583 1814 11/29/2013 P-113-1634 3543333164 1,655.67 71,497.60 John Hancock Life Insurance 6584 1815 11/29/2013 P-113-1635 3543333164 2,260.50 97,616.27 John Hancock Life Insurance 6585 1816 11/29/2013 P-113-1636 3543333164 7,655.87 330,607.16 John Hancock Life Insurance 6588 1819 11/29/2013 P-113-1671 3543333164 9,976.50 430,820.06 John Hancock Life Insurance 6589 1820 11/29/2013 P-113-1672 3543333164 23,502.06 1,014,900.90 John Hancock Life Insurance 6614 1845 11/29/2013 P-113-1683 3543333164 21,194.00 915,230.83 John Hancock Life Insurance 6622 1853 11/29/2013 P-113-1552 3543333164 1,526.15 65,904.48 John Hancock Life Insurance 6628 1859 11/29/2013 P-113-1639 3543333164 6,651.00 287,213.37 John Hancock Life Insurance 6635 1866 11/29/2013 P-113-1641 3543333164 15,495.69 669,157.93 John Hancock Life Insurance 6636 1867 11/29/2013 P-113-1642 3543333164 22,822.37 985,549.52 John Hancock Life Insurance 6637 1868 11/29/2013 P-113-1643 3543333164 9,725.31 419,972.79 John Hancock Life Insurance 6638 1869 11/29/2013 P-113-1644 3543333164 23,319.24 1,007,006.10 John Hancock Life Insurance 6639 1870 11/29/2013 P-113-1645 3543333164 17,614.55 760,657.69 John Hancock Life Insurance 6640 1871 11/29/2013 P-113-1646 3543333164 59,678.06 2,577,106.73 John Hancock Life Insurance 6641 1872 11/29/2013 P-113-1647 3543333164 4,146.74 179,070.69 John Hancock Life Insurance 6642 1873 11/29/2013 P-113-1648 3543333164 1,538.18 66,423.98 John Hancock Life Insurance 6643 1874 11/29/2013 P-113-1649 3543333164 10,514.93 454,071.34 John Hancock Life Insurance 6644 1875 11/29/2013 P-113-1650 3543333164 5,470.16 236,220.58 John Hancock Life Insurance 6652 1883 11/29/2013 P-113-1651 3543333164 89.29 3,855.85 John Hancock Lite Insurance 6653 1884 11/29/2013 P-113-1667 3543333164 66.27 2,861.77 John Hancock Life Insurance 6654 1885 11/29/2013 P-113-1668 3543333164 347.28 14,996.76 John Hancock Life Insurance 6677 1908 11/29/2013 P-113-1563 3543333164 132,684.72 5,729,788.90 Subtotal $12,262,306.94 Php517,768,410.45 GRAND TOTAL $12,301,527.29 Php519,458,005.83 It can be noted that bulk of the disallowances was due to the fact that the Court is unable to trace the sales invoice amount to the corresponding amount per bank credit memos. Even after cumulating all the invoices in CY 2013 with the same bank credit memo reference, the aggregate amount of these invoices does not reconcile with the corresponding bank credit memo. Majority of the discrepancies show that the amount per bank credit memo is higher than the total of the invoices. Further, petitioner did not provide any reconciliation to explain the noted discrepancies nor any schedule to show the breakdown of invoices which comprise a particular bank credit memo reference. As such, the Court cannot ascertain whether or not these inward remittances actually correspond to the same zero-rated sales reported in CY 2013. ITAaHc Considering the foregoing, out of petitioner's Php754,517,467.03 reported zero-rated sales to qualified non-resident foreign client, only the amount of Php83,298,123.63 represents petitioner's valid zero-rated sales, as computed below: Sales from qualified zero-rating clients per SLS Php754,517,467.03 Less: Exceptions noted by the ICPA Php151,761,337.64 Exceptions noted by the Court Php519,458,005.83 671,219,343.47 Allowed zero-rated sales for CY 2013 Php83,298,123.56 Input taxes were incurred or paid. In its Quarterly VAT Returns 72 for the four quarters of CY 2013, petitioner reflected a total amount of Php63,188,333.66 input VAT arising from its amortization of input VAT on purchases of capital goods exceeding Php1Million, domestic purchases of capital goods not exceeding Php1Million, domestic purchases of goods other than capital goods, and domestic purchases of services, detailed as follows: Exhibit P-6 P-8-c P-9 P-11 CY2013 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Input tax on domestic purchases of capital goods exceeding P1M: Input tax on domestic purchases of capital goods exceeding P1M Php2,893,859.52 Php - Php1,232,139.57 Php4,826,265.68 Php8,952,264.77 Add: Input tax deferred on capital goods exceeding P1M from previous quarter 19,898,300.57 20,367,604.16 18,314,966.07 17,807,398.86 76,388,269.66 Less: Input tax on domestic purchases of capital goods exceeding P1M deferred to succeeding period 20,367,604.16 18,314,966.07 17,807,398.86 20,814,364.07 77,304,333.16 Amortized portion of input tax on domestic purchases of capital goods exceeding P1M Php2,424,555.93 Php2,052,638.09 Php1,739,706.78 Php1,819,300.47 Php8,036,201.27 Input tax on current purchases: Input tax on domestic purchases of capital goods not exceeding P1M Php832,297.19 Php326,908.13 Php178,643.96 Php223,319.00 Php1,561,168.28 Input tax on domestic purchases of goods other than capital goods 185,709.42 280,410.33 273,725.74 450,924.98 1,190,770.47 Input tax on domestic purchases of services 8,653,045.88 8,408,272.78 15,960,114.54 19,378,760.44 52,400,193.64 Total current input tax Php9,671,052.49 Php9,015,591.24 Php16,412,484.24 Php20,053,004.42 Php55,152,132.39 Total input VAT credits Php12,095,608.42 Php11,068,229.33 Php18,152,191.02 Php21,872,304.89 Php63,188,333.66 In support of its input VAT claim, petitioner submitted suppliers' sales invoices (SI) and official receipts, 73 which were likewise examined by the Court-commissioned ICPA. The following shows the summary of the ICPA's examination of the supporting documents as compared to the amounts declared in the Quarterly VAT Returns: ICPA Report 74 Annex Reference Amount Accounted by ICPA Amount per VAT Returns Unaccounted Input tax on current domestic purchases of goods Annex 6 Php2,751,938.74 Php2,751,938.75 Php (0.01) Input tax on current domestic purchases of services Annex 7 52,400,193.64 52,400,193.64 Amortization of input taxes on domestic purchases of capital goods exceeding P1M From 2013 purchases Annexes 8 and 13-1 799,149.38 From 2012 purchases Annexes 9 and 13-2 2,935,738.11 From 2011 purchases Annexes 10 and 13-3 730,028.30 From 2010 purchases Annexes 11 and 13-4 746,331.32 From 2009 purchases Annexes 12 and 13-5 1,511,603.54 From 2008 purchases Annex 13-6 1,304,249.33 Total amortization of input taxes 8,027,099.98 8,036,201.27 (9,101.29) Total input taxes Php63,179,232.36 Php63,188,333.66 Php(9,101.30) The unaccounted amount of Php9,101.30 as computed above shall be disallowed instantaneously. Pursuant to the examination performed by the ICPA, the following exceptions in the aggregate amount of Php21,397,963.48, as detailed below, was noted, hence, should be disallowed for not being properly substantiated by VAT invoices or official receipts as prescribed under Sections 110 (A) and 113 (A) and (B) and 237 and 238 of the NIRC of 1997, as amended, in relation to Sections 4.110-1, 4.110-8 and 4.113-1 of RR No. 16-05, as amended, to wit: CHTAIc Description ICPA Report Annex Reference Amount Input tax claimed on purchase of goods other than capital goods and capital goods not exceeding 1 million supported by registered invoices not dated within the quarter but within the period of claim without Petitioner's TIN 6-3 Php264.00 Input tax claimed on purchase of goods other than capital goods and capital goods not exceeding 1 million supported by registered invoices not dated within the quarter but within the period of claim with no BIR authority to print 6-15 15,909.51 Input tax claimed on purchase of goods other than capital goods and capital goods not exceeding 1 million supported by registered invoices without Petitioner's TIN 6-4 6-16 6-28 6-37 149,635.98 Input tax claimed on purchase of goods other than capital goods and capital goods not exceeding 1 million supported by registered invoices but Petitioner's name is altered with countersignature 6-38 3,579.48 Input tax claimed on purchase of goods other than capital goods and capital goods not exceeding 1 million supported by registered invoices of which amount of VAT is not shown separately 6-5 6-17 6-29 6-39 54,443.27 Input tax claimed on purchase of goods other than capital goods and capital goods not exceeding 1 million supported by registered invoices of which amount of VAT is not shown separately and without Petitioner's TIN 6-18 6-40 4,250.68 Input tax claimed on purchase of goods other than capital goods and capital goods not exceeding 1 million supported by registered invoices without BIR authority to print 6-6 6-19 6-30 6-41 221,114.41 Input tax claimed on purchase of goods other than capital goods and capital goods not exceeding 1 million supported by other documents such as statement of account, collection receipt, miscellaneous account charge 6-7 6-20 6-31 6-42 53,720.25 Input tax claimed on purchase of goods other than capital goods and capital goods not exceeding 1 million supported by registered invoices not dated within the period of claim 6-8 109,679.96 Input tax claimed on purchase of goods other than capital goods and capital goods not exceeding 1 million supported by photocopied invoices 6-21 6-32 6-43 112,579.40 Input tax claimed on purchase of goods other than capital goods and capital goods not exceeding 1 million with no supporting documents 6-9 6-22 6-44 155,103.26 Input tax claimed on purchase of services supported by VAT registered official receipts not dated within the quarter but within the period of claim and VAT not shown separately 7-5 7-28 159,240.88 Input tax claimed on purchase of services supported by VAT registered official receipts not dated within the quarter but within the period of claim and without Petitioner's TIN 7-6 7-29 3,311,405.55 Input tax claimed on purchase of services supported by VAT registered official receipts of which amount of VAT not shown separately 7-7 7-19 7-30 7-42 4,867,187.37 Input tax claimed on purchase of services supported by VAT registered official receipts of which amount of VAT not shown separately and without Petitioner's TIN 7-8 7-20 7-31 7-43 6,973,288.13 Input tax claimed on purchase of services supported by VAT registered official receipts of which amount of VAT not shown separately and without Petitioner's TIN and incomplete address 7-44 123,590.85 Input tax claimed on purchase of services supported by VAT registered official receipts with incomplete Petitioner's name ( e.g. , Manulife) 7-9 10,330.61 Input tax claimed on purchase of services supported by VAT registered official receipts without Petitioner's TIN 7-10 7-21 7-32 7-45 1,200,931.87 Input tax claimed on purchase of services supported by VAT registered official receipts without BIR authority to print 7-33 7-46 234,001.76 Input tax claimed on purchase of services supported by TIN NON VAT official receipts 7-34 4,275.00 Input tax claimed on purchase of services supported by NON VAT REG TIN official receipts 7-47 2,159.43 Input tax claimed on purchase of services supported by other documents such as statement of account, collection receipt, miscellaneous charge 7-11 7-22 7-35 7-48 637,563.11 Input tax claimed on purchase of services supported by photocopied VAT registered official receipts 7-36 7-49 48,620.10 Input tax claimed on purchase of services supported by VAT registered official receipts not dated within the period of claim 7-12 7-37 7-50 29,403.68 Input tax claimed on purchase of services with no supporting documents 7-13 7-23 7-38 7-51 2,192,687.63 Input tax claimed on purchase of capital goods exceeding 1 million supported by registered invoices not dated within the quarter but within the period of claim and amount of VAT not shown separately 8-8 1,517.46 Input tax claimed on purchase of capital goods exceeding 1 million supported by registered invoices of which amount of VAT not shown separately 8-9 650.34 Input tax claimed on purchase of capital goods exceeding 1 million supported by registered invoices without BIR authority to print 8-10 4,048.03 Input tax claimed on purchase of capital goods exceeding 1 million supported by photocopied invoices 8-11 5,705.36 Input tax claimed on purchase of capital goods exceeding 1 million supported by no VAT registration invoices and official receipts 9-3 44,753.08 Input tax claimed on purchase of capital goods exceeding 1 million without supporting documents 9-8 57,275.92 9-10 272,074.89 12-2 35,736.35 12-6 51,683.91 12-9 205,526.18 Input tax claimed on purchase of capital goods exceeding 1 million supported by VAT REG TIN invoice with comment of "not a valid source of input tax" 10-6 44,025.79 Total exceptions noted by the ICPA Php21,397,963.48 In addition, input VAT in the amount of Php5,336,333.94 should likewise be disallowed for failure to comply with the substantiation requirements under the afore-mentioned VAT law and regulations: cHDAIS INPUT VAT FROM CURRENT PURCHASES Exhibit No. Supplier Invoice/ OR No. Date Input VAT ICPA Report 75 Annex Reference Documents not found in records P-115-684 MAXICARE HEALTHCARE CORP. 0180203 7/8/2013 Php70,116.58 7-16 and 7-24 Domestic purchase of goods supported by VAT invoice but the amount of VAT is not separately indicated P-115-624 V-JON TRADING INT'L. 1581 8/27/2013 182.14 6-36 Domestic purchase of goods supported by VAT invoice but petitioner's address is not indicated P-115-425 MERCURY DRUG CORP. 27315288 7/17/2013 1,630.82 6-25 and 6-33 P-115-613 ASSOCIATION OF MOUTH AND FOOT PAINTING ARTIST 0118 12/4/2013 1,050.00 6-35 P-115-620 MERCURY DRUG CORP. 27323034 11/26/2013 10,457.68 6-35 P-115-218 MERCURY DRUG CORP. 27314037 3/1/2013 561.29 6-13 P-115-218 MERCURY DRUG CORP. 27314038 3/1/2013 304.55 6-13 P-115-2018 MERCURY DRUG CORP. 27314039 3/1/2013 327.46 6-13 P-115-218 MERCURY DRUG CORP. 27314040 3/1/2013 236.14 6-13 Subtotal 14,567.94 Domestic purchase of goods supported by VAT invoice but petitioner's TIN is not indicated P-115-335 CARE 1ST CORP. 02333 5/14/2013 361.61 6-12 P-115-340 GATEWAY NETWORK SOLUTIONS, INC. 4130 5/29/2013 5,400.00 6-12 P-115-421 ABACUS BOOK & CARD CORP. 10051 7/17/2013 198.49 6-25 P-115-484 PHILIPPINE VENDING CORP. 131771 9/9/2013 6,428.57 6-25 P-115-556 GATEWAY NETWORK SOLUTIONS, INC. 7208 11/11/2013 5,400.00 6-35 P-115-221 FYRELYN INDUSTRIES 3222 3/26/2013 28,056.96 6-13 Subtotal 45,845.63 Domestic purchase of services supported by VAT OR but the amount of VAT is not separately indicated P-115-296 GOOD IDEA MEDIA ADVERTISING AGENCY 0332 6/18/2013 8,571.43 6-11 P-115-297 GOOD IDEA MEDIA ADVERTISING AGENCY 0409 7/24/2013 8,571.43 6-11 P-115-354 ALL VISUAL AND LIGHTS SYSTEMS CORP. 24024 9/5/2013 3,214.29 6-25 P-115-355 ACCENT MICRO TECHNOLOGIES, INC. 0042 8/29/2013 264.00 6-25 P-115-414 QUALIPRINT, INC. 0004 8/14/2013 390.00 6-25 and 6-33 P-115-75 LOURDES C AND SONS REALTY DEV'T. CORP. 305944 2/21/2013 8,115.64 7-1 P-115-76 LOURDES C AND SONS REALTY DEV'T. CORP. 305943 2/21/2013 8,115.64 7-1 P-115-193 ISS FACILITY SERVICES PHILS., INC. 34006 5/8/2013 45,611.85 7-15 P-115-408 ISS FACILITY SERVICES PHILS., INC. 43129 7/31/2013 44,959.34 7-25 P-115-5 LAI'S CATERING SERVICES 2044 1/22/2013 16,285.71 7-2 P-115-25 EAGLEWATCH SECURITY SERVICES 17205 1/30/2013 727.21 7-2 P-115-33 ISS FACILITY SERVICES PHILS., INC. 58243 2/7/2013 22,881.28 7-2 P-115-39 ISS FACILITY SERVICES PHILS., INC. 58242 2/7/2013 21,547.73 7-2 P-115-73 EAGLEWATCH SECURITY SERVICES 17276 3/6/2013 941.47 7-2 P-115-74 PUNTA DE FABIAN RESORT, INC. 1333 2/26/2013 4,821.43 7-2 P-115-72 EAGLEWATCH SECURITY SERVICES 17309 2/21/2013 1,385.59 7-2 P-115-362 3 SIXTY ELECTRICAL SERVICES 0005 9/12/2013 428.57 7-26 P-115-389 RENTOKIL INITIAL (PHIL.), INC. 209554 7/24/2013 1,285.71 7-26 P-115-404 DELCO TELECOMS, INC. 52255 8/2/2013 5,965.07 7-26 P-115-401 TELEDATACOM PHILS., INC. 6288 8/8/2013 11,000.95 7-26 P-115-588 MEGAWORLD CORP. 978252 12/27/2013 1,087,776.00 7-41 P-115-589 ALI PROPERTY PARTNERS CORP. 0512 12/27/2013 68,851.88 7-41 P-115-153 ISS FACILITY SERVICES PHILS., INC. 43126 4/4/2013 21,625.73 7-3 P-115-148 EAGLEWATCH SECURITY SERVICES 17362 4/5/2013 1,059.73 7-4 P-115-311 TELEDATACOM PHILS., INC. 6230 7/11/2013 10,897.33 7-18 P-115-318 FP PHILS., INC. 0077 7/3/2013 60,686.75 7-18 P-115-449 HUMAN CAPITAL ASIA, INC. 2576 10/3/2013 11,616.00 7-27 P-115-495 RENTOKIL INITIAL (PHIL.), INC. 212267 10/3/2013 3,642.86 7-27 Subtotal 1,481,240.62 Domestic purchase of services supported by VAT OR but the date is unreadable P-115-3 MAXICARE HEALTHCARE CORP. 0162097 nil 31,999.27 7-2 and 7-14 Domestic purchase of services supported by VAT OR but is dated outside the period of claim P-115-602 UPS DELBROS INT'L. EXPRESS LTD., INC. 239758 1/16/2014 257.12 7-41 Domestic purchase of services supported by VAT OR but is dated outside the period of claim and the amount of VAT is not separately indicated P-115-601 TELEDATACOM PHILS., INC. 15031 1/3/2014 10,275.12 7-41 Domestic purchase of services supported by VAT OR but is marked as "not valid for claiming input taxes" P-115-576 MI-BELLORE CORP. 0617 11/27/2013 3,085.71 7-40 Domestic purchase of services supported by VAT OR but petitioner's address is not indicated P-115-522 MERALCO 321638 10/19/2013 4,232.14 7-41 Domestic purchase of services supported by VAT OR but petitioner's address is not indicated and the amount of VAT is not separately indicated P-115-150 CLUB BALAI ISABEL, INC. 25918 4/15/2013 203,718.75 7-2 P-115-151 CLUB BALAI ISABEL, INC. 24727 3/17/2013 203,718.75 7-2 and 7-14 P-115-162 EAGLEWATCH SECURITY SERVICES 17452 4/13/2013 1,024.09 7-16 Subtotal 408,461.59 Domestic purchase of services supported by VAT OR but petitioner's TIN and address is not indicated P-115-309 ANSCOR CASTO TRAVEL CORP. 038380 6/27/2013 51.55 7-16 P-115-323 TELENETWORK MEDIA CORP. 1786 6/21/2013 12,000.00 7-16 P-115-657 TRENDS AND TECHNOLOGIES, INC. 24388 7/4/2013 30,160.71 7-18 Subtotal 42,212.26 Domestic purchase of services supported by VAT OR but petitioner's TIN and address is not indicated and the amount of VAT is not separately indicated P-115-294 MICRODATA SYSTEMS & MANAGEMENT, INC. 45552 7/18/2013 3,750.00 6-12 P-115-28 ISS FACILITY SERVICES PHILS., INC. 43124 1/30/2013 19,385.58 7-1 P-115-82 ISS FACILITY SERVICES PHILS., INC. 43125 2/20/2013 20,357.39 7-1 P-115-286 ISS FACILITY SERVICES PHILS., INC. 43128 6/5/2013 43,570.71 7-15 P-113-324 HAMLIN-ITURALDE CORP. 10123 6/28/2013 2,035.72 7-16 P-115-357 CENTRO SPECIALIST CO. LTD. 9648 9/2/2013 2,112.86 7-26 P-115-668 TOMPDEG FARM 1671 8/18/2013 9,771.43 7-26 P-115-530 RONEENA, INC. 16866 10/11/2013 7,200.00 7-41 Subtotal 108,183.69 Domestic purchase of services supported by VAT OR but petitioner's TIN is not indicated and the amount of VAT is not separately indicated P-115-397 HUMAN CAPITAL ASIA, INC. 2362 8/7/2013 15,576.00 7-25 P-115-186 EAGLE WATCH SECURITY SERVICES 17397 5/4/2013 480.00 7-16 P-115-189 CLUB BALAI ISABEL, INC. 22276 5/24/2013 18,000.00 7-16 P-115-185 EAGLEWATCH SECURITY SERVICES 17396 5/4/2013 4,472.80 7-16 P-115-277 EAGLEWATCH SECURITY SERVICES 17823 5/30/2013 4,791.80 7-16 P-115-358 CENTRO SPECIALIST CO. LTD. 6750 9/28/2013 14,817.86 7-26 Subtotal 58,138.46 Domestic purchase of services supported by VAT OR but petitioner's TIN is not indicated P-115-268 HUMAN CAPITAL ASIA, INC. 2315 6/4/2013 6,534.00 7-15 P-115-372 PUNTA DE FABIAN RESORT, INC. 1435 8/30/2013 11,250.00 7-26 Subtotal 17,784.00 Domestic purchase of goods supported by VAT invoice but is issued to Manulife Financial altered to petitioner's name but the authority of the countersigner cannot be ascertained P-115-609 AUTOMATIC APPLIANCE, INC. 025825 12/5/2013 17,035.71 6-34 Domestic purchase of goods supported by VAT invoice but petitioner's address and TIN is not indicated P-115-467 MACOLYTES, INC. 11621 8/22/2013 267.86 6-25 Domestic purchase of goods supported by VAT invoice but petitioner's TIN is manually added with countersignature but the authority of the countersigner cannot be ascertained P-115-465 CARTRIDGE WORLD LIFESTYLE, INC. 9624 9/2/2013 675.00 6-25 Double claimed input VAT P-115-254 ARIVA EVENTS MGMT 6767 5/27/2013 1,138.56 7-16 Domestic purchase of goods supported by VAT invoice but petitioner's TIN is not indicated P-115-210 PHILIPPINE VENDING CORP. 123766 4/5/2013 6,962.09 6-12 Over claimed input VAT P-115-196 ACCENT MICRO TECHNOLOGIES, INC. 148279 4/23/2013 per Schedule 502.47 per invoice/OR 12.21 490.26 6-12 P-115-160 MAXICARE HEALTHCARE CORP. 171842 4/25/2013 per Schedule 8,226.39 per invoice/OR 4,269.93 3,956.46 7-24 P-115-444 FMR CORP. 012763 9/19/2013 per Schedule 9,042.86 per invoice/OR 8,639.15 403.71 7-39 P-115-374 FMR CORP. 012616 9/11/2013 per Schedule 2,700.00 per invoice/OR 2,579.00 121.00 7-39 P-115-518 FMR CORP. 012873 10/24/2013 per Schedule 14,528.57 per invoice/OR 13,879.98 648.59 7-41 Subtotal 5,620.02 TOTAL INPUT VAT FROM CURRENT PURCHASES Php2,328,281.51 AMORTIZED INPUT VAT FROM PURCHASES OF CAPITAL GOODS EXCEEDING P1M Exhibit No. Supplier Invoice/ OR No. Date Total Input VAT 2013 Input VAT Amortization ICPA Report 76 Annex Reference Domestic purchase of capital goods exceeding P1M but copy of VAT invoice is incomplete P-116-79 JEBSEN AND JESSEN PH 3085004516 3/9/2009 123,950.07 Php24,790.01 12-1 P-116-42 BARRINGTON CARPETS, INC. 9340 9/22/2009 253,827.00 50,765.40 12-7 P-116-50 HOFFSMAN SYSTEMATIC DESIGNS, INC. 6656 9/14/2009 136,773.00 27,354.60 12-8 Subtotal 102,910.01 Domestic purchase of capitalizable services exceeding P1M but copy of VAT OR is incomplete P-116-563 TELEDATACOM PHILS., INC. 4279 11/4/2009 130,408.13 26,081.63 12-8 Documents not found in records or does not match the designated evidence marking P-115-61 TOTAL VENTURES, INC. 3089 7/10/2013 1,065,905.19 106,590.52 8-4 nil ACCENT MICRO TECHNOLOGIES, INC. 109654 3/24/2010 139,641.09 27,928.22 11-4 nil ACCENT MICRO TECHNOLOGIES, INC. 109652 3/24/2010 314,362.44 78,590.61 11-4 nil BARRINGTON CARPETS, INC. 9264 7/22/2009 203,061.60 40,612.32 12-4 nil TRENDS AND TECHNOLOGIES 29094 9/1/2009 433,673.67 86,734.73 12-4 nil IBMS TECHNOLOGY PHILS. CORP. 1901 7/23/2009 157,500.00 31,500.00 12-4 Subtotal 371,956.40 Domestic purchase of capital goods and capitalizable services exceeding P1M where the service/labor portion of the billing is supported by VAT OR but the amount of VAT is not separately indicated P-116-4 BARRINGTON CARPETS, INC. 13415 8/23/2012 21,772.80 4,354.56 77 9-5 and 13-2 Domestic purchase of capitalizable services exceeding P1M supported by VAT OR but petitioner's address is not indicated P-116-19 TOTAL VENTURES, INC. 3051 6/27/2012 2,052,000.00 410,400.00 9-4 Domestic purchase of capitalizable services exceeding P1M supported by VAT OR but petitioner's TIN is not indicated P-116-11 & 12 TOTAL VENTURES, INC. 3041 12/21/2012 2,291,431.12 458,286.22 9-9 P-116-25 RDT JR. ASSOC., INC. 1240 7/21/2011 272,029.60 54,405.92 10-7 Subtotal 512,692.14 Domestic purchase of capitalizable services exceeding P1M supported by VAT invoice P-116-26 TELEDATACOM PHILS., INC. 3579 4/14/2011 508,355.27 101,671.05 10-4 P-116-31 TELEDATACOM PHILS., INC. 3538 3/29/2011 137,990.12 27,598.02 10-9 P-116-39 TELEDATACOM PHILS., INC. 3256 10/29/2010 413,105.19 82,621.04 11-6 P-116-51 TOTAL VENTURES, INC. 1316 12/2/2009 307,836.43 61,567.23 12-8 Subtotal 273,457.34 Domestic purchase of capitalizable services exceeding P1M supported by VAT OR but the amount of VAT is not separately indicated P-116-62 GOUDIE ASSOC. MANILA LTD. CO. 2348 10/23/2013 39,020.47 1,951.02 8-5 2008 Domestic purchases of capital goods exceeding P1M without supporting documents 1,304,249.33 13-6 TOTAL AMORTIZED INPUT VAT FROM PURCHASES OF CAPITAL GOODS EXCEEDING P1M Php3,008,052.43 TOTAL INPUT VAT DISALLOWED BY THE COURT Php5,336,333.94 In sum, out of petitioner's declared input VAT of Php63,188,333.66, only the amount of Php36,444,934.94 represents substantiated and valid input VAT. Applying the valid input VAT to the total output VAT of Php2,707,414.85 for CY 2013, only the excess of Php33,737,520.09 remains to be available for refund. These amounts are computed as follows: Input VAT reported in Quarterly VAT Returns Php63,188,333.66 Less: Disallowances Unaccounted input VAT Php9,101.30 Exceptions noted by the ICPA 21,397,963.48 Exceptions noted by the Court Php5,336,333.94 26,743,398.72 Properly substantiated input VAT Php36,444,934.94 Less: Total output VAT for CY 2013 78 1st Quarter Php47,711.46 2nd Quarter 610,479.85 3rd Quarter 712,780.27 4th Quarter 1,336,443.27 2,707,414.85 Excess input VAT available for refund Php33,737,520.09 Petitioner's input taxes were attributable to its zero-rated sales and were not applied to any output tax liability. The above-computed excess input VAT amounting to Php33,737,520.09 is thus attributable to zero-rated sales. Consequently, petitioner's duly substantiated excess input VAT attributable to the declared valid zero-rated sales of Php83,298,123.56 amounts only to Php1,305,567,11, computed as follows: Excess input VAT available for refund Php33,737,520.09 Multiply by ratio of valid zero-rated sales over total sales: Valid zero-rated sales Php83,298,123.56 Divide by total zero-rated sales per VAT returns Php2,152,529,797.47 3.87% Input VAT allowed for refund Php1,305,567.11 Moreover, although the claimed input VAT was carried over by petitioner in its succeeding Quarterly VAT Returns, 79 the same remained unutilized until it was deducted as "VAT Refund/TCC Claimed" in its Quarterly VAT Return for the 1st quarter of CY 2015. 80 Therefore, the subject claim no longer formed part of the excess input VAT of Php80,430,008.82 81 as of the end of the 1st quarter of CY 2015 that was to be carried over/applied to the succeeding quarters. As such, it eliminates the possibility that the present claim would be applied to future output VAT liability. ISHCcT WHEREFORE , premises considered, the instant Petition for Review is hereby PARTIALLY GRANTED . Accordingly, respondent is ORDERED TO REFUND OR TO ISSUE A TAX CREDIT CERTIFICATE in favor of petitioner in the amount of Php1,305,567.11 representing petitioner's unutilized input VAT attributable to its zero-rated sales for the four quarters of calendar year 2013. SO ORDERED. (SGD.) MA. BELEN M. RINGPIS-LIBAN Associate Justice Esperanza R. Fabon-Victorino, J. , concurs. Footnotes 1. Docket, Vol. 1, pp. 10 to 21. 2. Exhibit "P-1", Docket, Vol. 4, p. 1735. 3. Exhibit "P-2-a", Docket, Vol. 4, p. 1764. 4. Exhibit "P-1-c", Docket, Vol. 4, p. 1735. 5. Par. 1 (b), Stipulation of Facts, Joint Stipulation of Facts and Issues (JSFI), Docket, Vol. 3, p. 1206. 6. Exhibit "P-111", Findings and Observations, Part II, ICPA Report, Docket, Vol. 3, pp. 1293-1294. 7. Par. 9, Facts, Petition for Review, Docket, Vol. 1, p. 12. 8. Exhibits "P-6", "P-8-c", "P-9", and "P-11", Docket, Vol. 6, pp. 2779, 2783, 2785 to 2786, and 2792 to 2793. 9. Par. 9.2, Facts, Petition for Review, Docket, Vol. 1, p. 12. 10. Exhibit "P-3", Docket, Vol. 4, pp. 1765-1778. 11. Petition for Review, Docket, Vol. 1, pp. 10-21. 12. Docket, Vol. 1, pp. 184-187. 13. Docket, Vol. 1, pp. 188-189. 14. Resolution dated January 20, 2016, Docket, Vol. 1, p. 211. 15. Docket, Vol. 1, pp. 206-209. 16. Docket, Vol. 3, pp. 1175-1197. 17. Minutes of the Hearing, March 29, 2016, Docket, Vol. 3, p. 1200. 18. Docket, Vol. 3, pp. 1206-1218. 19. Docket, Vol. 3, pp. 1240-1251. 20. Docket, Vol. 3, pp. 1155-1157. 21. Minutes of the Hearing, July 5, 2016, Docket, Vol. 3, p. 1273. 22. Exhibit "P-111", ICPA Report Part 1 and 2, Docket, Vol. 3, pp. 1286-1675. 23. Minutes of the Hearing, August 16, 2016, presentation of petitioner's witnesses, Ms. Neria and Ms. Mantaring, Docket, Vol. 4, p. 1683; Minutes of the Hearing, September 19, 2016, presentation of petitioner's witness, ICPA Constantino, Docket, Vol. 4, p. 1702. 24. Exhibit "P-110", Judicial Affidavit of Ms. Agnes Neria dated March 02, 2016, Docket, Vol. 2, pp. 832-858. 25. Exhibit "P-109", Judicial Affidavit of Ms. Lourdes Rosario Mantaring dated March 2, 2016, Docket, Vol. 1, pp. 220-253; Exhibit "P-109-B", Supplemental Judicial Affidavit of Ms. Lourdes Rosario Mantaring dated March 14, 2017, Docket, Vol. 6, pp. 2529-2555. 26. Exhibit "P-112", Judicial Affidavit of ICPA Jerome Antonio Constantino dated September 14, 2016, Docket, Vol. 4, pp. 1690-1701; Exhibit "P-112-b", Judicial Affidavit of ICPA Jerome Antonio Constantino dated March 14, 2017, Docket, Vol. 6, pp. 2756-2761. 27. Exhibit "P-111-1", Docket, Vol. 6, pp. 2519-2525. 28. Motion a) To recall witnesses and b) To file Supplemental Independent CPA Report, filed on September 28, 2016, Docket, Vol. 4, pp. 1709-1716. 29. Docket, Vol. 6, pp. 2514-2518. 30. Docket, Vol. 4, pp. 1718-1733. 31. Docket, Vol. 6, pp. 2767-2777. 32. Docket, Vol. 7, pp. 3125-3127. 33. Docket, Vol. 7, pp. 3132-3135. 34. Section 3. Original document must be produced; exceptions . When the subject of inquiry is the contents of a document, no evidence shall be admissible other than the original document itself, except in the following cases: (a) When the original has been lost or destroyed, or cannot be produced in court, without bad faith on the part of the offeror; (b) When the original is in the custody or under the control of the party against whom the evidence is offered, and the latter fails to produce it after reasonable notice; (c) When the original consists of numerous accounts or other documents which cannot be examined in court without great loss of time and the fact sought to be established from them is only the general result of the whole; and (d) When the original is a public record in the custody of a public officer or is recorded in a public office. 35. Resolution dated March 13, 2018, Docket, Vol. 7, pp. 3142-3146. 36. Minutes of the Hearing, April 3, 2018, Docket, Vol. 7, p. 3147. 37. Resolution dated July 9, 2018, Docket, Vol. 7, p. 3175. 38. Docket, Vol. 7, pp. 3149-3166. 39. Docket, Vol. 7, p. 3173. 40. Stipulation of Issues, JSFI, Docket, Vol. 3, p. 1207. 41. Id. , p. 397. 42. Nippon Express (Philippines) Corp. vs. Commissioner of Internal Revenue , G.R. No. 185666, February 4, 2015. 43. G.R. No. 191498, January 15, 2014. 44. G.R. No. 168950, January 14, 2015. 45. Exhibits "P-3", "P-3-a", and "P-3-b", Docket, Vol. 4, pp. 1765 to 1778. 46. Exhibit "P-2-a", Docket, Vol. 4, p. 1764. 47. G.R. No. 153205, January 22, 2007. 48. Exhibits "P-1" to "P-1-d", Docket, Vol. 4, p. 1735. 49. Exhibit "P-111", Findings and Observations No. 2, ICPA Report, Docket, Vol. 3, pp. 1293 to 1294. 50. Deutsche Knowledge Services, Pte. Ltd. vs. Commissioner of Internal Revenue , CTA EB No. 1290 (CTA Case No. 7808), August 16, 2016. 51. Deutsche Knowledge Services, Pte. Ltd. vs. Commissioner of Internal Revenue , CTA EB Nos. 1374 and 1383 (CTA Case No. 8003), December 15, 2017. 52. Docket, Vol. 6, pp. 2859, 2861, 2862, 2865, and 2905. 53. Docket, Vol. 5, pp. 2057 to 2106. 54. Docket, Vol. 5, pp. 2278 to 2365. 55. Docket, Vol. 5, pp. 2484 to 2431. 56. Docket, Vol. 5, pp. 2174 to 2241. 57. Docket, Vol. 6, pp. 2906 to 2925. 58. Exhibits "P-6", "P-8-c", "P-9", and "P-11", Docket, Vol. 6, pp. 2779, 2783, 2785 to 2786, and 2792 to 2793. 59. Exhibit "P-111", Annex 2, ICPA Report, Docket, Vol. 3, pp. 1326 to 1330. 60. Exhibits "P-113-1" to "P-113-2065", ICPA Report Supporting documents. 61. Exhibits "P-22" to "P-33", Docket, Vol. 4, pp. 1919 to 1954. 62. Exhibit "P-120", ICPA Report Supporting Documents. 63. Exhibit "P-20", Docket, Vol. 4, p. 1914. 64. Exhibit "P-21", Docket, Vol. 4, pp. 1915 to 1918. 65. Exhibits "P-117" and "P-125", ICPA Report Supporting Documents. 66. Exhibit "P-111", Annex 2, ICPA Report, Docket, Vol. 3, pp. 1326 to 1330. 67. Exhibit "P-120", ICPA Report Supporting Documents. 68. Actual Exhibit is "P-113-2029"; OR No. 2172. 69. Actual Exhibit is "P-113-2030"; OR No. 2173. 70. Actual Exhibit is "P-113-2034"; OR No. 2177. 71. Actual Exhibit is "P-113-2035"; OR No. 2178. 72. Exhibits "P-6", "P-8-c", "P-9", and "P-11", Docket, Vol. 6, pp. 2779, 2783, 2785 to 2786, and 2792 to 2793. 73. Exhibits "P-115-1" to "P-115-684" and "P-116-1" to "P-116-79". 74. Exhibit "P-111", Docket, Vols. 3 and 4, pp. 1498 to 1673. 75. Exhibit "P-111", Docket, Vols. 3 and 4, pp. 1498 to 1616. 76. Exhibit "P-111", Docket, Vol. 4, pp. 1617 to 1673. 77. Amount of labor per invoices as receipted in OR No. 13415 (gross of VAT) 101891 (Exh. P-116-4) Php101,606.40 101890 (Exh. P-116-5) 101,606.40 Php203,212.80 Multiply by: 12%/112% VAT component Php21,772.80 Divide by: Months amortized 60 Multiply by: No. of months amortized in 2013 12 2013 Input VAT amortization Php4,354.56 78. Exhibits "P-6", "P-8-c", "P-9", and "P-11", Docket, Vol. 6, pp. 2779, 2783, 2785 to 2786, and 2792 to 2793. 79. Exhibits "P-122-1" to "P-122-4" and "P-123", ICPA Report Supporting Documents. 80. Exhibit "P-123", Line 23D. 81. Exhibit "P-123", Line 29.