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

SECOND DIVISION [C.T.A. CASE NOS. 8720, 8736, 8754 & 8767. October 14, 2019.] DEUTSCHE KNOWLEDGE SERVICES PTE. LTD. , petitioner , vs. COMMISSIONER OF INTERNAL REVENUE , respondent . DECISION CASTAEDA, JR. , J p : THE CASE Before this Court are four (4) consolidated Petitions for Review filed by petitioner Deutsche Knowledge Services Pte. Ltd., praying for the refund or issuance of tax credit certificate (TCC) in the aggregate amount of P147,159,034.53, allegedly representing its unutilized input value-added tax (VAT) arising from purchases of goods (other than capital goods) and services, purchases of capital goods, and purchases of services rendered by non-residents, which are attributable to zero-rates sales for the four (4) quarters of calendar year (CY) 2012, 1 broken down, as follows: AIDSTE CTA Case No. Calendar Year 2012 Input VAT Claim 8720 1st Quarter P35,343,482.10 2 8736 2nd Quarter 34,618,094.91 3 8754 3rd Quarter 40,305,286.80 4 8767 4th Quarter 36,892,170.72 5 Total P147,159,034.53 THE FACTS Petitioner is a corporation organized and existing under the laws of Singapore, with license to transact business in the Philippines, and with office address at Net Quad Center, 31st Street corner 4th Avenue, E-Square Zone Crescent Park West, Bonifacio Global City, Taguig City. 6 It is registered with the Bureau of Internal Revenue (BIR) as a VAT taxpayer, with Taxpayer Identification No. (TIN No.) 238-763-115-000, and with BIR Certificate of Registration No. OCN 9RC0000270209. 7 Petitioner is licensed and authorized by the Securities and Exchange Commission (SEC) to operate as regional operating headquarters in the Philippines which provides qualifying services of 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. 8 On the other hand, respondent is the duly appointed Commissioner of Internal Revenue (CIR) who holds office at the BIR National Office Building, Agham Road, Diliman, Quezon City. 9 Petitioner filed with the BIR its monthly and quarterly VAT Returns, through the Electronic Filing and Payment System (eFPS), on the following dates: PERIOD COVERED DATE FILED January 2012 February 16, 2012 10 February 2012 March 19, 2012 11 First Quarter of 2012 April 19, 2012 12 April 2012 May 21, 2012 13 May 2012 June 19, 2012 14 Second Quarter of 2012 July 20, 2012 15 (original) May 21, 2013 16 (amended) July 2012 August 20, 2012 17 August 2012 September 17, 2012 18 Third Quarter of 2012 October 18, 2012 19 (original) October 23, 2012 20 (amended) October 2012 November 15, 2012 21 November 2012 December 11, 2012 22 Fourth Quarter of 2012 January 22, 2013 23 For the CY 2012, petitioner claims to have rendered services in the Philippines to persons engaged in businesses conducted outside the Philippines, the payments for which were made in Euro and other acceptable foreign currency and accounted for in accordance with the rules and regulations of Bangko Sentral ng Pilipinas (BSP). 24 As such, it allegedly accumulated excess input tax in the total amount of P148,152,889.37. And out of this total amount, P147,159,034.53 is purportedly attributable to its zero-rated sales, which remained unutilized and/or unapplied against its output VAT liability. 25 AaCTcI Thus, petitioner separately filed with respondent its administrative claims for refund/TCC of its unutilized input VAT attributable to its zero-rated sales for CY 2012 on the following dates: TAXABLE QUARTER OF 2012 DATE ADMINISTRATIVE CLAIM WAS FILED AMOUNT CLAIMED FOR REFUND 1st Quarter May 23, 2013 26 P35,343,482.10 2nd Quarter (Amended) June 26, 2013 27 34,618,094.91 3rd Quarter (Amended) August 8, 2013 28 40,305,286.80 4th Quarter October 8, 2013 29 36,892,170.72 TOTAL P147,159,034.53 There being no action taken by respondent on petitioner's administrative claim for refund/TCC, petitioner filed a judicial appeal, via 4 separate Petitions for Review, with the Court of Tax Appeals (CTA) on October 18, 2013, 30 docketed as CTA Case No. 8720; on November 19, 2013, 31 docketed as CTA Case No. 8736; on January 6, 2014, 32 docketed as CTA Case No. 8754; and on February 19, 2014, 33 docketed as CTA Case No. 8767. Respondent filed his Answer in CTA Case No. 8720 on December 23, 2013, 34 in CTA Case No. 8736 on February 3, 2014, 35 in CTA Case No. 8754 on February 20, 2014, 36 and in CTA Case No. 8767 on March 6, 2014, 37 and raised the following special and affirmative defenses, to wit: For CTA Case No. 8720 "4. She reiterates and re-pleads the preceding paragraphs of this Answer as part of her Special and Affirmative Defenses. HTcADC 5. To support its claim, it is imperative for petitioner to prove the following, viz. : a. The registration requirements of a value-added taxpayer in compliance with section 6 (a) and (b) of Revenue Regulations No. 6-97 in relation to Section 4.107-1 (a) of Revenue Regulations No. 7-95, and Section 236 of the Tax Code, as amended; b. The invoicing and accounting requirements for VAT-registered persons, as well as the filing and payment of VAT in compliance with the provisions of Sections 113 and 114 of the Tax Code, as amended; c. Proof of compliance with the prescribed checklist of requirements to be submitted involving claims for VAT refund pursuant to Revenue Memorandum Order No. 53-98, otherwise there w uld be no sufficient compliance with the filing of an administrative claim for refund which is a condition sine qua non prior to the filing of a judicial claim in accordance with Section 112 of the Tax Code, as amended. This requires the submission of complete documents in support of the application filed with the Bureau of Internal Revenue before the 120-day audit period shall apply, and before the taxpayer could avail of the judicial remedies as provided for in the law . Hence, petitioner's failure to submit proof of compliance with the above-stated requirements warrants immediate dismissal of petitioner's petition for review; d. That the input taxes of Php35,343,482.10 allegedly paid by petitioner on its domestic purchases of goods and services, purchases of capital goods, and purchases of services rendered by non-residents for the 1st quarter of 2012 were attributable to its zero-rated sales and such have not been applied against any output tax and were not carried over to the succeeding taxable quarter or quarters; e. That petitioner's administrative and judicial claims for tax credit or refund of the unutilized input tax (VAT) were filed within the periods provided in Sections 112 (A) and (D) of the Tax Code, as amended ; f. That petitioner's domestic purchases of goods and services were made in the course of its trade or business, properly supported by VAT invoices and/or official receipts and other documents, such as subsidiary purchase Journal showing that it actually paid VAT in accordance with Sections 110 (A) (2) and 113 of the Tax Code, as amended, and pursuant to Section 4.104-5 (a) and (b) of Revenue Regulations No. 7-95 (Re: Substantiation of Claims for Input Tax Credits); EcTCAD g. The requirements as enumerated under Section 4.104-5 of Revenue Regulations No. 7-95. (Re: Substantiation of Claims for Input Tax Credits). 6. Petitioner must prove that the aggregate amount of P35,343,482.10 allegedly representing excess and unutilized input VAT for the 1st quarter of taxable year 2012 is properly documented. 7. As petitioner states in its petition before this Honorable Court, the subject of its claim for refund are allegedly excess and unutilized input VAT paid on its domestic purchases of goods and services, purchases of capital goods and purchases of services rendered by non-residents attributable to zero-rated sales covering the 1st quarter of taxable year 2012. 8. The instant petition involving petitioner's claim for refund in the amount of Thirty Five Million Three hundred Forty Three Thousand Four Hundred Eighty Two and 10/100 Pesos (P35,343,482.10) allegedly paid and incurred for the 1st quarter of taxable year 2012 is not warranted for lack of jurisdiction as petitioner failed to exhaust all administrative remedies before elevating this case to the Honorable Court. 9. Unmistakably, Section 1 (j) of Rule 16 of the 1999 Rules of Civil Procedure provides that: 'MOTION TO DISMISS' Section 1. Grounds. Within the time for but before filing the answer to the complaint or pleading asserting a claim, a motion to dismiss may be made on any of the following grounds: xxx xxx xxx (j) That a condition precedent for filing the claim has not been complied with.' 10. Corollary thereto, Section 112 (D) [now Section 112 (c) of the Tax Code of 1997] provides as follows, to wit : 'SEC. 112. Refunds or Tax Credits of Input Tax. xxx xxx xxx (D) Period Within Which Refund or Tax Credit of Input Taxes Shall be Made . In proper cases, the Commissioner shall grant a refund or issue the tax credit certificate for creditable input taxes within one hundred twenty (120) days from the date of submission of complete documents in support of the application filed in accordance with Subsections (A) and (B) hereof. In case of full or partial denial of the claim for tax refund or tax credit, or the failure on the part of the Commissioner to act on the application within the period prescribed above, the taxpayer affected may, within thirty (30) days from the receipt of the decision denying the claim or after the expiration of the one hundred twenty day-period, appeal the decision or the unacted claim with the Court of Tax Appeals . (Emphasis supplied) Pursuant to the aforequoted provision of law, the Commissioner of Internal Revenue ('CIR', for brevity ) has 120 days from the submission of the complete supporting documents to decide the claim for refund. It logically follows that a taxpayer must first submit the complete supporting documents before the 120-day period should commence. The CIR cannot decide the claim for refund without the complete supporting documents. 11. The implementing rule for these complete documents required by law is RMO No. 53-98. Annex B-1 of said RMO lists all the required documents as follows: HSAcaE VALUE-ADDED TAX (For audit involving Claim for Refund/TCC) A.) Requirements from Taxpayer I. Requirements mention in Annex B II. Additional General Requirements 1) 3 copies of 'Application for VAT Credit/Refund' 2) Summary List of Local Purchases specifying the following: xxx xxx xxx 3) Photocopies of VAT purchase invoices for purchase of goods and official receipts for purchase of services. (The invoices/official receipts must be arranged according to the summary list) 4) Summary of importations made during the period with the following details: xxx xxx xxx 5) Photocopies of invoices, import entry documents, official receipts or confirmation receipts evidencing payment of VAT. (Segregate documents paid by cash from those paid by tax debit memo) 6) VAT Returns filed for the quarter showing that the amount applied for refund/TCC has been reflected as a deduction from the total available input tax, as well as VAT Return for the succeeding quarter. 7) Certification of taxpayer showing the amount of Zero-rated Sales, Taxable Sales and Exempt Sales. 8) A statement showing the amount and description of the sale of goods and services, name of persons or entities (except in case of exports) to whom the goods or services were sold and date of the transaction, where the applicant's zero-rated transactions are regulated by certain government agency. 9) Articles of Incorporation for first time filers 10) Sales Contract/Agreement 11) BOI Certificate of Registration 12) BIR Certificate of Registration 13) Certification from BOI, DOF, BOC, EPZA, etc., that subject taxpayer has not filed similar claim for refund covering the same period. 14) Sworn statement that ending inventory as of the close of the period covered by the Claim has been used directly or indirectly in the products subsequently exported as supported by export documents, if the applicant is 100% exporter. 15) Documents of liquidation evidencing the actual utilization of the raw materials in the manufacture of goods at least 70% of which has been actually exported, if the applicant is an indirect exporter. 16) Copy of the ITR and Certified Financial Statements, if applicable. 17) Beginning and ending inventory of raw materials, work-in-process, finished goods, supplies and materials. Additional Specific Requirements 1) For Zero-Rated Sales of Services (contractors, mining, etc.) a. Authenticated copy/ies of the contract/s showing the person/s for whom the services were rendered, amount of consideration, description of the services and documents evidencing actual payments. b. Photocopies of official receipts and billings together with a summary of the date of billing, name of principal, official receipt number, date of receipt, amount in foreign currency and the corresponding value thereof, date of remittance, name of bank, bank credit memo number and amount remitted in pesos. c. Bank credit memoranda and certificate from the BSP with information similar to 1-c (export sales). AcICHD As stated above, the first documentary requirement is that provided in Annex B of the same RMO. Annex B provides for more requirements as follows: VALUE-ADDED TAX A) Requirements from Taxpayers 1) Proof of claimed tax credits 2) Proof of Tax Compliance Certificates applied 3) Xerox copy of used Tax Credit Certificate (TCC) with annotation of issued TDM at the back, if applicable 4) Proof of payment of deficiency tax, if any a) current year/period b) previous year/period 5) Certification of the appropriate government agency as to taxpayer's entitlement to tax incentives, if applicable 6) Xerox copies of the Official Receipts evidencing VAT payment on imported purchases, if applicable 7) Proof of exemption under special law, if applicable 8) Certification of the appropriate regulatory agency as to the exempt or zero-rated sales of the taxpayer under its regulatory supervision, if applicable 9) Certificate of Registration issued by the appropriate regulatory agency, together with the conditions attached to such registration, if applicable 10) Proof of 'Approval for Effective Zero-Rating of Sales,' if applicable 11) Sample invoice/s for 'Export/Exempt Sales,' if applicable 12) Proof that the acceptable foreign currency exchange proceeds on export sales/foreign currency denominated sales had been duly accounted for in accordance with the rules and regulations of the Bangko Sentral ng Pilipinas (BSP), if applicable. Indubitably, the law requires the submission of complete documents in support of the application filed with the Bureau of Internal Revenue before the 120-day audit period shall apply, and before the taxpayer could avail of judicial remedies as provided for in the law. Far from complying with the checklist of requirements, evidence on record shows that petitioner merely submitted eleven (11) classes of documents in its administrative claim for refund for the quarter. This fact is clearly stated in petitioner's alleged claim for refund dated May 21, 2013. For the 1st quarter of 2012, these documents are enumerated therein as follows: 1. Three (3) copies of the Application for VAT Credit/Refund; 2. SEC Certificate of Registration; 3. BIR Certificate of Registration; 4. Monthly VAT Declaration for January 2012 with attached summary list of purchases; 5. Monthly VAT Declaration for February 2012 with attached summary list of purchases; 6. Quarterly VAT Return for the first quarter of 2012 with attached summary list of sales and purchases; 7. Schedule of purchases with photocopies of the invoices and official receipts; 8. Certification showing of zero-rated sales and taxable sales; 9. Certification of Inward Remittances; 10. Intergroup Service Agreements; 11. Schedule of Taxable and Zero-rated Sales with photocopies of Vat official receipts; 12. A careful examination of the BIR records shows that petitioner failed to prove that it has submitted complete documents to substantiate its administrative claim for refund and to reckon the commencement of the 120-day period for the CIR. This is a requirement established by law and jurisprudence. Ergo, respondent humbly submits that failure on the part of petitioner to submit the required complete supporting documents would render the instant petition with this Honorable Court to have been prematurely filed. TAIaHE 13. This is not a claim for refund of erroneously or illegally collected taxes where petitioner may choose the evidence it wishes to submit to prove its case. This is merely a claim for excess input taxes where the prescribed documentation is needed by the BIR. 14. Petitioner's alleged claim for refund is subject to administrative routinary investigation/examination by the Bureau of Internal Revenue. A claim for refund is not ipso facto granted because respondent CIR still has to investigate and ascertain the validity of the claim. 15. Respondent respectfully avers that before judicial inquiry into the issue of whether taxpayers, in general, are entitled to a refund/tax credit under substantive law may be considered, they have an initial burden to discharge. They must prove that they complied with all the administrative requirements continuing up to judicial review. In other words, before the trial de novo proceeds and disposes of the issue of refund entitlement under substantive law , it must first be proved that there was procedural compliance in pursuing the administrative claim leading to the appellate proceedings. As stated by the Honorable Supreme Court: 'Petitioner's contention that non-compliance with Revenue Regulations 3-88 could not have adversely affected its case in the CTA indicates a failure on its part to appreciate the nature of the proceedings in that court. First, a judicial claim for refund or tax credit in the CTA is by no means an original action but rather an appeal by way of petition for review of a previous, unsuccessful administrative claim. Therefore, as in every appeal or petition for review, a petitioner has to convince the appellate court that the quasi-judicial agency a quo did not have any reason to deny its claims. In this case, it was necessary for petitioner to show the CTA not only that it was entitled under substantive law to the grant of its claims but also that it satisfied all the documentary and evidentiary requirements for an administrative claim for refund or tax credit . Second, cases filed in the CTA are litigated de novo. Thus, a respondent should prove every minute aspect of its case by presenting, formally offering and submitting its evidence to the CTA. Since it is crucial for a petitioner in a judicial claim for refund or tax credit to show that its administrative claim should have been granted in the first place, part of the evidence to be submitted to the CTA must necessarily include whatever is required for the successful prosecution of an administrative claim . (Emphasis and underscoring supplied) ICHDca 16. The doctrine of exhaustion of administrative remedies ensures an orderly procedure which favors a preliminary sifting process, particularly with respect to matters peculiarly within the competence of the administrative agency. After this sifting process comes the availability of judicial review of administrative decisions. Judicial review of administrative decisions entails the Court to examine the method in which the decision was arrived at, and finding no error, lets the administrative decision stand. This is precisely because, as previously stated, these are matters peculiarly within the competence of the administrative agency. 17. Well-settled is the rule that exhaustion of available administrative remedies is a condition sine qua non before taking a judicial action. The Honorable Supreme Court, in long line of cases, has consistently held that if a remedy within the administrative machinery can still be resorted to by giving the administrative officer every opportunity to decide on a matter that comes within his jurisdiction, then such remedy must be exhausted first before the court's power of judicial review can be sought. 18. Moreso, the Honorable Supreme Court had the occasion to rule that where a remedy is available within the administrative machinery, this should be resorted to before resort can be made to courts, not only to give the administrative agency the opportunity to decide the matter by itself correctly, but also to prevent unnecessary and premature resort to courts. Thus, the party with an administrative remedy must not merely initiate the prescribed administrative procedure to obtain relief but also pursue it to its appropriate conclusion before seeking judicial intervention in order to give the administrative agency an opportunity to decide the matter itself correctly and prevent unnecessary and premature resort to the court. 19. The doctrine of exhaustion of administrative remedies has practical and legal reasons. Resort to administrative remedies entails lesser expenses and provides for speedier disposition of controversies. Thus, for reasons of comity and convenience, courts will shy away from a dispute until the system of administrative redress has been completed and complied with so as to give the administrative agency every opportunity to correct its error and to dispose of the case. The underlying principle of the rule rests on the presumption that the administrative agency, if afforded a complete chance to pass upon the matter, will decide the same correctly. 20. Respondent respectfully submits that the 120-day period provided for by law within which the CIR has to act on petitioner's claim for refund has not yet commenced considering petitioner's failure to comply with the duly mandated legal requirements in such claims for refund/tax credit (i.e., submission of complete supporting documents) . While it is true that petitioner filed an administrative claim for refund, the same is considered merely pro forma as it failed to submit documentary evidence to provide its entitlement thereto. Petitioner here failed to substantiate its administrative claim for refund. 21. Had petitioner submitted all relevant documents to substantiate its claim for refund or tax credit, respondent would have the opportunity to determine the veracity of its claim and might refund or issue a tax credit certificate for the claimed amount. Such failure of petitioner to submit relevant documents deprived respondent of the opportunity and time to study petitioner's claim for refund and to fully exercise its function. It must be remembered that in the case of Jariol vs. Commission on Elections , the Supreme Court reasoned that a party must not merely initiate the prescribed administrative procedure to obtain relief, the party concerned must pursue this relief until the appropriate conclusion takes place before seeking judicial intervention in order to give the administrative an opportunity to decide the matter by itself correctly and prevent unnecessary and premature resort to the court. TCAScE 22. In the alternative, assuming that compliance with RMO 53-98 is not mandatory and further assuming that the taxpayer is free to choose what evidence it needs to submit to buttress it administrative claim for refund, the present action should still be denied. 23. The taxpayer only submitted eleven (11) documents in its administrative claim for refund and considering that there was lack of evidence, the claim was denied by inaction. 24. The denial by inaction is supported by patent lack of evidence, thus the said decision suffers no infirmity. If the decision of court of origin or quasi-judicial body suffers no infirmity, the said decision should be affirmed by the appellate court on judicial review. 25. It is a well settled rule in tax laws, that the taxpayer who feels aggrieved by the actions taken by tax authorities may not seek redress in the courts of justice without first exhausting available administrative remedies, except for certain well-recognized exceptions. It is the policy of the law and good practice to discourage court litigations and encourage resort to administrative action whenever the latter is feasible, adequate and speedy. Another thing, the respect and consideration due to each branch of the government demand that the judicial department abstain, whenever possible from interfering in the acts of the other departments except when the latter transcend their respective shares of action and suitable remedies cannot be obtained by them. 26. Equally noteworthy is the fact that the Highest Tribunal in the case of Atlas Consolidated Mining and Development Corporation vs. Commissioner of Internal Revenue , held: 'Petitioner's contention that non-compliance with Revenue Regulations 3-88 could not have adversely affected its case in the CTA indicates a failure on its part to appreciate the nature of the proceeding in the court. First a judicial claim for refund or tax credit in the CTA is by no means an original action but rather an appeal by way of petition for review of a previous, unsuccessful administrative claim. Therefore, as in every appeal or petition for review, a petitioner has to convince the appellate court that quasi-judicial agency a quo did not have reason to deny its claim. In this case, it is necessary for petitioner to show the CTA not only that it was entitled under substantive law to grant of its claim but also that it satisfied all the documentary evidence and evidentiary requirements for administrative claim for refund or tax credits. x x x' Thus, as clearly stated by the above jurisprudence, the necessity for petitioner to submit all relevant documents to substantiate its administrative claim for refund is imperative. The filing of the petition for review to this Honorable Court must be due to the denial of its claim or inaction which is tantamount to a denial of the said action. Absent these circumstances, the judicial claim merely becomes an attempt by the taxpayer to circumvent the role and duties of the Commissioner in evaluating taxpayer's claim for refund. 27. Failure of petitioner to exhaust all administrative remedies is fatal to its claim considering that such non-exhaustion is not merely for purposes of formality but is jurisdictional in nature. cTDaEH 28. Prescinding from and anent the foregoing considerations, petitioner's failure to exhaust all available administrative remedies which led to the premature filing of the instant petition divest the Honorable Court jurisdiction over the instant petition. 29. Exemptions from taxation are highly disfavored in law and he who claims exemption must be able to justify his claim by the clearest grant of organic or statutory law. An exemption from the common burden cannot be permitted to exist upon vague implications. 30. In an action for refund, the burden of proof is on the taxpayer to establish its right to refund, and failure to sustain the burden is fatal to the claim for refund. Hence, a taxpayer is charged with the heavy burden of proving that he has complied with and satisfied all the statutory and administrative requirements to be entitled to the tax refund. Failure to comply therewith warrants a dismissal of the taxpayer's claim for refund. Respondent humbly submits that petitioner failed to establish its right to refund. 31. It can never be emphasized enough that in this jurisdiction tax refunds/credits are in the nature of tax exemptions, hence, laws relating to them call for a strict application against the claimant. As held by the Honorable Supreme Court: 'Tax refunds are in the nature of tax exemptions, and are to be construed strictissimi juris against the entity claiming the same. Thus, the burden of proof rests upon the taxpayer to establish by sufficient and competent evidence, its entitlement to a claim for refund. 32. Taxes collected are presumed to be in accordance with laws and regulations. 33. Claims for refund are construed strictly against the claimant for the same partake of the nature of exemption from taxation and as such, they are looked upon with disfavor. Basic is the rule that tax refunds are regarded as tax exemptions that are in derogation of the sovereign authority and are to be construed in strictissimi juris against the person or entity claiming the exemption. The law does not look with favor on tax exemptions and that he who would seek to be thus privileged must justify it by words too plain to be mistaken and too categorical to be misinterpreted. 34. Based on the foregoing, petitioner's claim for refund has no basis in fact and in law. Thus, the instant petition should be dismissed for lack of jurisdiction and/or lack of merit." For CTA Case No. 8736 "4. Respondent hereby reiterates and repleads the preceding paragraphs of this answer as part of her Special and Affirmative Defenses. 5. Taxes collected are presumed to be in accordance with laws and regulations. 6. Petitioner's alleged claim for refund is subject to administrative routinary investigation/examination by the Bureau of Internal Revenue. A claim for refund is not ipso facto granted because respondent CIR still has to investigate and ascertain the validity of the claim. 7. In an action for refund, the burden of proof is on the taxpayer who claims the exemption and he must justify his claim by the clearest grant under the Constitutional or statutory law and cannot be permitted by vague implications (BPI Leasing Corporation vs. Honorable Court of Appeals, G.R. No. 127624, November 18, 2003) The taxpayer is charged with the heavy burden of proving that he has complied with and satisfied all the statutory and administrative requirements to be entitled to the tax refund. (Commissioner of Internal Revenue vs. Eastern Telecommunications Philippines, Inc. G.R. No. 163835, July 7, 2010) cSaATC 8. To support its claim, it is imperative for petitioner to prove the following, viz. : a. The registration requirements of a value-added taxpayer in compliance with Section 6 (a) and (b) of Revenue Regulations No. 6-97 in relation to Section 4.107-1 (a) of Revenue Regulations No. 7-95, and Section 236 of the Tax Code, as amended; b. The invoicing and accounting requirement for VAT registered persons, as well as the filing and payment of VAT in compliance with the provisions of Section 113 and 114 of the Tax Code, as amended; c. Proof of compliance with the prescribed checklist of requirements to be submitted involving claim for VAT refund pursuant to Revenue Memorandum Order No. 53-98, otherwise there would be no sufficient compliance with the filing of an administrative claim for refund which is a condition sine qua non prior to the filing of a judicial claim in accordance with Section 112 of the Tax Code, as amended. This requires the submission of complete documents in support of the application filed with the Bureau of Internal Revenue before the 120-day audit period shall apply, and before the taxpayer could avail of the judicial remedies as provided for in the law . Hence, petitioner's failure to submit proof of compliance with the above-stated requirements warrants immediate dismissal of the petitioner [sic] for review; d. That the input taxes of P34,618,094.91 allegedly paid by petitioner on its domestic purchases of goods and services, purchases of capital goods and of services rendered by non-residents for the second quarter of taxable year 2012 were attributable to its zero-rated sales and such have not been applied against any output tax and were not carried over to the succeeding taxable quarter or quarters; e. That petitioner's administrative and judicial claims for tax credit or refund of the unutilized input tax (VAT) were filed within the periods provided in Sections 112 (A) and (D) of the Tax Code, as amended; f. That petitioner's domestic purchases of goods and services were made in the course of its trade or business, properly supported by VAT invoices and/or official receipts and other documents, such as subsidiary purchase Journal showing that it actually paid VAT in accordance with Sections 110(A) (2) and 113 of the Tax Code, as amended, and pursuant to Section 4.104-5 (a) and (b) of Revenue Regulations No. 7-95 (Re: Substantiation of Claims for Input Tax Credits); g. The requirements as enumerated under Section 4.104-5 of Revenue Regulations No. 7-95 (Re: Substantiation of Claims for Input Tax Credits) 9. Petitioner must prove that the amount of P34,618,094.91 allegedly representing unutilized input VAT for the second quarter of taxable year 2012 is properly documented. cHDAIS 10. In an action for refund, the burden of proof is on the taxpayer to establish its right to refund and failure to sustain the burden is fatal to the claim for refund/credit. This is so because exemptions from taxation are highly disfavored in law and he who claims exemption must be able to justify his claim by the clearest grant of organic or statutory law. An exemption from the common burden cannot be permitted to exist upon vague implications (Asiatic Petroleum Co. vs. Llanes, 49 Phil. 466 cited in Collector of Internal Revenue v. Manila Jockey Club, Inc., 98 Phil. 670) . 11. Claims for refund are construed strictly against the claimant for the same partake of the nature of exemption from taxation (Commissioner of Internal Revenue vs. Ledesma, 31 SCRA 95) and as such, they are looked upon with disfavor (Western Minolco Corp. vs. Commissioner of Internal Revenue, 124 SCRA 1211) . Basic is the rule that tax refunds are regarded as tax exemptions that are in derogation of the sovereign authority and are to be construed in strictissimi juris against the person or entity claiming the exemption (Philippine Phosphate Fertilizer Corporation v. Commissioner of Internal Revenue, G.R. No. 141973, June 28, 2005) . The law does not look with favor on tax exemptions and that he who would seek to be thus privileged must justify it by words too plain to be mistaken and too categorical to be misinterpreted (Sea-Land Service vs. Court of Appeals, 357 SCRA 444) . 12. Following the premise above-mentioned, petitioner has the burden of proving that the right to such tax refund indubitably exists and well-founded doubt is fatal to the claim." For CTA Case No. 8754 "4. Petitioner's alleged claim for refund is subject to administrative routinary investigation/examination by the Bureau. 5. The amount of P40,305,286.80 representing alleged unutilized input VAT arising from petitioner's domestic purchases of goods and services, purchases of capital goods and purchases of services rendered by non-residents for the 3rd quarter of taxable year 2012 allegedly attributable to zero-rated sales was not properly documented. 6. In an action for refund, the burden of proof is on the taxpayer to establish its right to refund, and failure to sustain the burden is fatal to the claim for refund/credit. 7. Petitioner must show that it has complied with the provisions of Section 112 of the NIRC of 1997 on the prescriptive period for claiming tax refund/credit. 8. Petitioner must prove that it paid the alleged VAT input taxes for the periods stated. 9. Petitioner must prove that its sale of services is subject to VAT at zero percent (0%). 10. Petitioner must prove that its alleged unutilized input VAT has not been applied against any output tax liabilities both in the current or succeeding year. 11. There is no record of petitioner ever submitting complete documents to substantiate its administrative claim for refund. Such is a requirement, otherwise, the administrative body will have sufficient reason to deny the claim. As held by the Honorable Supreme Court in the case of Atlas Consolidated Mining and Development Corporation vs. Commissioner of Internal Revenue, G.R. No. 145526, 16 March 2007 : 'Petitioner's contention that non-compliance with Revenue Regulations 3-88 could not have adversely affected its case in the CTA indicates a failure on its part to appreciate the nature of the proceedings in that court. First, a judicial claim for refund or tax credit in the CTA is by no means an original action but rather an appeal by way of petition for review of a previous, unsuccessful administrative claim. Therefore, as in every appeal or petition for review, a petitioner has to convince the appellate court that the quasi-judicial agency a quo did not have any reason to deny its claims. In this case, it was necessary for petitioner to show the CTA not only that it was entitled under substantive law to the grant of its claims but also that it satisfied all the documentary and evidentiary requirements for an administrative claim for refund or tax credit . Second, cases filed in the CTA are litigated de novo . Thus, a petitioner should prove every minute aspect of its case by presenting, formally offering and submitting its evidence to the CTA. Since it is crucial for a petitioner in a judicial claim for refund or tax credit to show that its administrative claim should have been granted in the first place, part of the evidence to be submitted to the CTA must necessarily include whatever is required for the successful prosecution of an administrative claim .' (emphasis and underscoring supplied) ISHCcT 12. The implementing rule for these complete documents required by law is RMO No. 53-98. Annex B-1 of said RMO lists all the required documents as follows: VALUE-ADDED TAX (For audit involving Claim for Refund/TCC) A.) Requirements from Taxpayer I. Requirements mention in Annex B II. Additional General Requirements 1) 3 copies of 'Application for VAT Credit/Refund' 2) Summary List of Local Purchases specifying the following: xxx xxx xxx 3) Photocopies of VAT purchase invoices for purchase of goods and official receipts for purchase of services. (The invoices/official receipts must be arranged according to the summary list) 4) Summary of importations made during the period with the following details: xxx xxx xxx 5) Photocopies of invoices, import entry documents, official receipts or confirmation receipts evidencing payment of VAT. (Segregate documents paid by cash from those paid by tax debit memo) 6) VAT Returns filed for the quarter showing that the amount applied for refund/TCC has been reflected as a deduction from the total available input tax, as well as VAT Return for the succeeding quarter. 7) Certification of taxpayer showing the amount of Zero-rated Sales, Taxable Sales and Exempt Sales. 8) A statement showing the amount and description of the sale of goods and services, name of persons or entities (except in case of exports) to whom the goods or services were sold and date of the transaction, where the applicant's zero-rated transactions are regulated by certain government agency. 9) Articles of Incorporation for first time filers 10) Sales Contract/Agreement 11) BOI Certificate of Registration 12) BIR Certificate of Registration 13) Certification from BOI, DOF, BOC, EPZA, etc., that subject taxpayer has not filed similar claim for refund covering the same period. 14) Sworn statement that ending inventory as of the close of the period covered by the Claim has been used directly or indirectly in the products subsequently exported as supported by export documents, if the applicant is 100% exporter. 15) Documents of liquidation evidencing the actual utilization of the raw materials in the manufacture of goods at least 70% of which has been actually exported, if the applicant is an indirect exporter. CAacTH 16) Copy of the ITR and Certified Financial Statements, if applicable. 17) Beginning and ending inventory of raw materials, work-in-process, finished goods, supplies and materials. Additional Specific Requirements 1) For Zero-Rated Sale of Services (contractors, mining, etc.) a. Authenticated copy/ies of the contract/s showing the person/s for whom the services were rendered, amount of consideration, description of the services and documents evidencing actual payments. b. Photocopies of official receipts and billings together with a summary of the date of billing, name of principal, official receipt number, date of receipt, amount in foreign currency and the corresponding value thereof, date of remittance, name of bank, bank credit memo number and amount remitted in pesos. c. Bank credit memoranda and certificate from the BSP with information similar to 1-c (export sales) 13. As stated above, the first documentary requirement is that provided in Annex B of the same RMO. Annex B provides for more requirements as follows: VALUE-ADDED TAX A) Requirements from Taxpayers 1) Proof of claimed tax credits 2) Proof of Tax Compliance Certificates applied 3) Xerox copy of used Tax Credit Certificate (TCC) with annotation of issued TDM at the back, if applicable 4) Proof of payment of deficiency tax, if any a) current year/period b) previous year/period 5) Certification of the appropriate government agency as to taxpayer's entitlement to tax incentives, if applicable 6) Xerox copies of the Official Receipts evidencing VAT payment on imported purchases, if applicable 7) Proof of exemption under special law, if applicable 8) Certification of the appropriate regulatory agency as to the exempt or zero-rated sales of the taxpayer under its regulatory supervision, if applicable 9) Certificate of Registration issued by the appropriate regulatory agency, together with the conditions attached to such registration, if applicable 10) Proof of 'Approval for Effective Zero-Rating of Sales,' if applicable 11) Sample invoice/s for 'Export/Exempt Sales,' if applicable 12) Proof that the acceptable foreign currency exchange proceeds on export sales/foreign currency denominated sales had been duly accounted for in accordance with the rules and regulations of the Bangko Sentral ng Pilipinas (BSP), if applicable. 14. Far from complying with the checklist of requirements, petitioner merely submitted eleven (11) documents in support of its administrative claim for refund. This is not a claim for erroneously or illegally collected taxes where petitioner has the discretion of choosing the evidence it deems fit to prove its case. This is a claim for excess but legally collected, unutilized input taxes. It does not have to prove its case because the law already acknowledges it is entitled to refund. Thus, it merely has to substantiate the export sales and the excess amount. Hence, petitioner's failure to comply with the duly mandated legal requirements in such claims for refund/tax credit warranted the denial by inaction of the administrative claim. IAETDc 15. The power to tax is the most effective instrument to raise needed revenues to finance and support the myriad activities of the government for the delivery of basic services essential to the promotion of the general welfare and enhancement of peace, progress, and prosperity of the people (Mactan Cebu International Airport Authority vs. Marcos, 261 SCRA 667, 690) . Consequently, any delay in implementing tax measures would be to the detriment of the public. It is for this reason that claims for refund are required to be done within certain time frames. In the instant petition, the failure of petitioner to comply with such periods is fatal to its cause. 16. Moreover, petitioner's failure to submit documents supporting its claim for refund makes its administrative claim for refund pro-forma . This pro-forma administrative claim should not be taken as proper compliance with the requirements of the law that an administrative claim for refund should have been filed prior to the institution of a judicial claim for refund. Thus, without a validly and duly filed administrative claim for refund, the Honorable Court is without jurisdiction to entertain the Petition for Review. Petitioner's failure to comply with a condition precedent prior to the institution of its petition for review makes it dismissible for absence of jurisdiction on the part of the Honorable Court. 17. The claimant has the burden of proof to establish the factual basis of his claim for tax credit or refund. After all tax refunds, like tax exemptions, are construed strictly against the taxpayer. (Citibank N.A. vs. Court of Appeals and Commissioner of Internal Revenue, 280 SCRA 459; Commissioner of Internal Revenue vs. Tokyo Shipping Co., Ltd., 244 SCRA 332, both cited in Benguet Corporation vs. Commissioner of Internal Revenue, CTA Case No. 5392 promulgated October 30, 1998) . 18. Partaking of the nature of exemptions, claims for refund are strictly construed against the claimant and cannot be allowed unless granted in the most explicit and categorical language. (Sps. Aguilar vs. Commissioner of Internal Revenue, et al., CA G.R. SP No. 16432, March 30, 1999) . Being in the nature of tax exemptions, these claims are regarded as in derogation of sovereign authority and to be construed strictissimi juris against the claimant and liberally in favor of the taxing authority (Commissioner of Internal Revenue vs. Procter and Gamble Philippines Manufacturing Corporation, 204 SCRA 377) . 19. Claims for refund are construed strictly against the claimant for the same partake the nature of exemption from taxation (Commissioner of Internal Revenue vs. Ledesma, 31 SCRA 95) and such, they are looked upon with disfavor (Western Minolco Corp. vs. Commissioner of Internal Revenue, 124 SCRA 1211) ." For CTA Case No. 8767 "4. Petitioner's alleged claim for refund is subject to administrative routinary investigation/examination by the Bureau. 5. The amount of P36,892,170.72 representing alleged unutilized input VAT arising from petitioner's alleged domestic purchases of goods and services, purchases of capital goods and purchases of services rendered by non-residents for the 4th quarter of taxable year 2012 allegedly attributable to zero-rated sales was not properly documented. 6. In an action for refund, the burden of proof is on the taxpayer to establish its right to refund, and failure to sustain the burden is fatal to the claim for refund/credit. 7. Petitioner must show that it has complied with the provisions of Section 112 of the NIRC of 1997 on the prescriptive period for claiming tax refund/credit. 8. Petitioner must prove that it paid the alleged VAT input taxes for the periods stated. 9. Petitioner must prove that its sales of services is subject to VAT at zero percent (0%). 10. Petitioner must prove that its alleged unutilized input VAT has been applied against any output tax liabilities both in the current or succeeding year. DcHSEa 11. There is no record of petitioner ever submitting complete documents to substantiate its administrative claim for refund. Such is a requirement, otherwise, the administrative body will have sufficient reason to deny the claim. As held by the Honorable Supreme Court in the case of Atlas Consolidated Mining and Development Corporation vs. Commissioner of Internal Revenue, G.R. No. 145526, 16 March 2007 : 'Petitioner's contention that non-compliance with Revenue Regulations 3-88 could not have adversely affected its case in the CTA indicates a failure on its part to appreciate the nature of the proceedings in that court. First, a judicial claim for refund or tax credit in the CTA is by no means an original action but rather an appeal by way of petition for review of a previous, unsuccessful administrative claim. Therefore, as in every appeal or petition for review, a petitioner has to convince the appellate court that the quasi-judicial agency a quo did not have any reason to deny its claims. In this case, it was necessary for petitioner to show the CTA not only that it was entitled under substantive law to the grant of its claims but also that it satisfied all the documentary and evidentiary requirements for an administrative claim for refund or tax credit . Second, cases filed in the CTA are litigated de novo . Thus, a petitioner should prove every minute aspect of its case by presenting, formally offering and submitting its evidence to the CTA. Since it is crucial for a petitioner in a judicial claim for refund or tax credit to show that its administrative claim should have been granted in the first place, part of the evidence to be submitted to the CTA must necessarily include whatever is required for the successful prosecution of an administrative claim .' (emphasis and underscoring supplied) 11. The implementing rule for these complete documents required by law is RMO No. 53-98. Annex B-1 of said RMO lists all the required documents as follows: VALUE-ADDED TAX (For audit involving Claim for Refund/TCC) A.) Requirements from Taxpayer I. Requirements mention in Annex B II. Additional General Requirements 1) 3 copies of 'Application for VAT Credit/Refund' 2) Summary List of Local Purchases specifying the following: xxx xxx xxx 3) Photocopies of VAT purchase invoices for purchase of goods and official receipts for purchase of services. (The invoices/official receipts must be arranged according to the summary list) 4) Summary of importations made during the period with the following details: xxx xxx xxx 5) Photocopies of invoices, import entry documents, official receipts or confirmation receipts evidencing payment of VAT. (Segregate documents paid by cash from those paid by tax debit memo) 6) VAT Returns filed for the quarter showing that the amount applied for refund/TCC has been reflected as a deduction from the total available input tax, as well as VAT Return for the succeeding quarter SCaITA 7) Certification of taxpayer showing the amount of Zero-rated Sales, Taxable Sales and Exempt Sales 8) A statement showing the amount and description of the sale of goods and services, name of persons or entities (except in case of exports) to whom the goods or services were sold and date of the transaction, where the applicant's zero-rated transactions are regulated by certain government agency. 9) Articles of Incorporation for first time filers 10) Sales Contract/Agreement 11) BOI Certificate of Registration 12) BIR Certificate of Registration 13) Certification from BOI, DOF, BOC, EPZA, etc., that subject taxpayer has not filed similar claim for refund covering the same period. 14) Sworn statement that ending inventory as of the close of the period covered by the Claim has been used directly or indirectly in the products subsequently exported as supported by export documents, if the applicant is 100% exporter. 15) Documents of liquidation evidencing the actual utilization of the raw materials in the manufacture of goods at least 70% of which has been actually exported, if the applicant is an indirect exporter. 16) Copy of the ITR and Certified Financial Statements, if applicable. 17) Beginning and ending inventory of raw materials, work-in-process, finished goods, supplies and materials. Additional Specific Requirement 1) For Zero-Rated Sale of Services (contractors, mining, etc.) a. Authenticated copy/ies of the contract/s showing the person/s for whom the services were rendered, amount of consideration, description of the services and documents evidencing actual payments. b. Photocopies of official receipts and billings together with a summary of the date of billing, name of principal, official receipt number, date of receipt, amount in foreign currency and the corresponding value thereof, date of remittance, name of bank, bank credit memo number and amount remitted in pesos c. Bank credit memoranda and certificate from the BSP with information similar to 1-c (export sales) 12. As stated above, the first documentary requirement is that provided in Annex B of the same RMO. Annex B provides for more requirements as follows: VALUE-ADDED TAX A) Requirements from Taxpayers 1) Proof of claimed tax credits 2) Proof of Tax Compliance Certificates applied 3) Xerox copy of used Tax Credit Certificate (TCC) with annotation of issued TDM at the back, if applicable 4) Proof of payment of deficiency tax, if any a) current year/period b) previous year/period 5) Certification of the appropriate government agency as to taxpayer's entitlement to tax incentives, if applicable 6) Xerox copies of the Official Receipts evidencing VAT payment on imported purchases, if applicable aTHCSE 7) Proof of exemption under special law, if applicable 8) Certification of the appropriate regulatory agency as to the exempt or zero-rated sales of the taxpayer under its regulatory supervision, if applicable 9) Certificate of Registration issued by the appropriate regulatory agency, together with the conditions attached to such registration, if applicable 10) Proof of 'Approval for Effective Zero-Rating of Sales,' if applicable 11) Sample invoice/s for 'Export/Exempt Sales,' if applicable 12) Proof that the acceptable foreign currency exchange proceeds on export sales/foreign currency denominated sales had been duly accounted for in accordance with the rules and regulations of the Bangko Sentral ng Pilipinas (BSP), if applicable. 13. Far from complying with the checklist of requirements, petitioner merely submitted eleven (11) documents in support of its administrative claim for refund. This is not a claim for erroneously or illegally collected taxes where petitioner has the discretion of choosing the evidence it deems fit to prove its case. This is a claim for excess but legally collected, unutilized input taxes. It does not have to prove its case because the law already acknowledges it is entitled to refund. Thus, it merely has to substantiate the export sales and the excess amount. Hence, petitioner's failure to comply with the duly mandated legal requirements in such claims for refund/tax credit warranted the denial by inaction of the administrative claim. AHDacC 14. The power to tax is the most effective instrument to raise needed revenues to finance and support the myriad activities of the government for the delivery of basic services essential to the promotion of the general welfare and enhancement of peace, progress, and prosperity of the people (Mactan Cebu International Airport Authority vs. Marcos, 261 SCRA 667, 690) . Consequently, any delay in implementing tax measures would be to the detriment of the public. It is for this reason that claims for refund are required to be done within certain time frames. In the instant petition, the failure of petitioner to comply with such periods is fatal to its cause. 15. Moreover, petitioner's failure to submit documents supporting its claim for refund makes its administrative claim for refund pro-forma . This pro-forma administrative claim should not be taken as proper compliance with the requirements of the law that an administrative claim for refund should have been filed prior to the institution of a judicial claim for refund. Thus, without a validly and duly filed administrative claim for refund, the Honorable Court is without jurisdiction to entertain the Petition for Review. Petitioner's failure to comply with a condition precedent prior to the institution of its petition for review makes it dismissible for absence of jurisdiction on the part of the Honorable Court. 16. The claimant has the burden of proof to establish the factual basis of his claim for tax credit or refund. After all tax refunds, like tax exemptions, are construed strictly against the taxpayer. (Citibank N.A. vs. Court of Appeals and Commissioner of Internal Revenue, 280 SCRA 459; Commissioner of Internal Revenue vs. Tokyo Shipping Co., Ltd., 244 SCRA 332, both cited in Benguet Corporation vs. Commissioner of Internal Revenue, CTA Case No. 5392 promulgated October 30, 1998) . 17. Partaking of the nature of exemptions, claims for refund are strictly construed against the claimant and cannot be allowed unless granted in the most explicit and categorical language. (Sps. Aguilar vs. Commissioner of Internal Revenue, et al., CA G.R. SP No. 16432, March 30, 1999) . Being in the nature of tax exemptions, these claims are regarded as in derogation of sovereign authority and to be construed strictissimi juris against the claimant and liberally in favor of the taxing authority (Commissioner of Internal Revenue vs. Procter and Gamble Philippines Manufacturing Corporation, 204 SCRA 377) . 18. Claims for refund are construed strictly against the claimant for the same partake of the nature of exemption from taxation (Commissioner of Internal Revenue vs. Ledesma, 31 SCRA 95) and such, they are looked upon with disfavor (Western Minolco Corp. vs. Commissioner of Internal Revenue, 124 SCRA 1211) . On April 29, 2014, the CTA First Division issued a Resolution 38 consolidating CTA Case No. 8754 with CTA Case Nos. 8720, 8736 and 8767. The Pre-Trial Conference was set on June 13, 2014. Thereafter, Respondent's Pre-Trial Brief 39 and Pre-trial Brief for Petitioner 40 were filed on June 4, 2014 and June 6, 2014, respectively. On July 3, 2014, the parties filed their Joint Stipulation of Facts and Issues, 41 which was approved in the Resolution 42 promulgated on August 18, 2014. During trial, petitioner presented the following witnesses: Ms. Rachel M. Concepcion, 43 petitioner's Finance Controller; Ms. Katherine O. Constantino, 44 Court-commissioned Independent Certified Public Accountant (ICPA); and Maricel Tio-Balagtas, 45 then part of petitioner's Finance Legal Entity Control Team. On April 6, 2015, petitioner filed its Formal Offer of Evidence (With Urgent Motion to Set Commissioner's Hearing for Marking of Exhibits) 46 offering Exhibits "P-1" to "P-4332", inclusive of sub-markings, with respondents' Motion to Admit Attached Comment 47 and Comment (Re: Petitioner's Formal Offer of Evidence), 48 filed on April 23, 2015, and respondent's Comment (Re: Urgent Motion to set Commissioner's Hearing), 49 filed on April 23, 2015. On June 11, 2015, petitioner filed its Comment/Opposition (Re: Respondent's Motion to Admit dated April 23, 2015). 50 The Court granted petitioner's Urgent Motion to Set Commissioner's Hearing for Marking of Exhibits in the Resolution 51 promulgated on June 15, 2015. In the Resolution 52 dated July 24, 2015, the Court granted respondents' Motion to Admit Attached Comment and admitted Comment (Re: Petitioner's Formal Offer of Evidence). Except for Exhibits "P-3-a", "P-13.27", "P-13.32", "P-13.33", "P-13.34", "P-13.35", "P-13.36", "P-13.37", "P-13.38", "P-13.39", "P-13.40", "P-13.41", "P-13.42", "P-13.43", "P-13.44", "P-13.45", "P-13.46", "P-13.47", "P-13.48", "P-13.49", "P-13.50", "P-13.51", "P-13.52", "P-13.53", "P-13.54", "P-27-a", "P-21" and "P-34", the Court admitted Exhibits "P-1", "P-2", "P-3", "P-3-b", "P-4", "P-4-a", "P-4-b", "P-4-c", "P-4-d", "P-4-e", "P-4-f", "P-4-g", "P-5", "P-5-a", "P-5-b", "P-5-c", "P-6", "P-6-a", "P-6-b", "P-6-c", "P-6-d", "P-7", "P-7-a", "P-7-b", "P-7-c", "P-7-d", "P-8", "P-8-a", "P-8-b", "P-8-c", "P-9", "P-9-a", "P-9-b", "P-9-c", "P-10", "P-10-a", "P-10-b", "P-10-c", "P-11", "P-12", "P-13", "P-13.1", "P-13.2", "P-13.3", "P-13.4", "P-13.5", "P-13.6", "P-13.7", "P-13.8", "P-13.9", "P-13.10", "P-13.11", "P-13.12", "P-13.13", "P-13.14", "P-13.15", "P-13.16", "P-13.17", "P-13.18", "P-13.19", "P-13.20", "P-13.21", "P-13.22", "P-13.23", "P-13.24", "P-13.25", "P-13.26", "P-13.28", "P-13.29", "P-13.30", "P-13.31", "P-14", "P-14.1", "P-14.2", "P-14.3", "P-14.4", "P-14.5", "P-14.6", "P-14.7", "P-14.8", "P-14.9", "P-14.10", "P-14.11", "P-14.12", "P-14.13", "P-14.14", "P-14.15", "P-14.16", "P-14.17", "P-14.18", "P-14.19", "P-14.20", "P-14.21", "P-14.22", "P-14.23", "P-14.24", "P-14.25", "P-14.26", "P-14.27", "P-14.28", "P-14.29", "P-14.30", "P-14.31", "P-14.32", "P-14.33", "P-14.34", "P-14.35", "P-14.36", "P-14.37", "P-14.38", "P-14.39", "P-14.40", "P-14.41", "P-14.42", "P-14.43", "P-14.44", "P-14.45", "P-14.46", "P-14.47", "P-14.48", "P-14.49", "P-14.50", "P-14.51", "P-14.52", "P-14.53", "P-14.54", "P-14.55", "P-14.56", "P-14.57", "P-14.58", "P-14.59", "P-14.60", "P-14.61", "P-14.62", "P-14.63", "P-14.64", "P-14.65", "P-14.66", "P-14.67", "P-14.68", "P-14.69", "P-14.70", "P-14.71", "P-14.72", "P-14.73", "P-14.74", "P-14.75", "P-15", "P-15.1", "P-15.2", "P-15.3", "P-15.4", "P-15.5", "P-15.6", "P-15.7", "P-15.8", "P-15.9", "P-15.10", "P-15.11", "P-15.12", "P-15.13", "P-15.14", "P-15.15", "P-15.16", "P-15.17", "P-15.18", "P-15.19", "P-15.20", "P-15.21", "P-15.22", "P-15.23", "P-15.24", "P-15.25", "P-15.26", "P-15.27", "P-15.28", "P-15.29", "P-15.30", "P-15.31", "P-15.32", "P-15.33", "P-15.34", "P-15.35", "P-15.36", "P-15.37", "P-15.38", "P-15.39", "P-15.40", "P-15.41", "P-15.42", "P-16", "P-17", "P-17-a", "P-17-b", "P-17-c", "P-18", "P-19", "P-19-a", "P-19-b", "P-19-c", "P-20", "P-22", "P-23", "P-23-a", "P-23-b", "P-23-c", "P-24", "P-24-a", "P-25", "P-25-a", "P-26", "P-26-a", "P-27", "P-28", "P-29", "P-29-1", "P-31", "P-31-1", "P-32", "P-33", "P-35", "P-36", "P-37" , "P-38", "P-39", "P-40", "P-41", "P-42", "P-43", "P-44", "P-45", "P-46", "P-47", "P-48", "P-49", "P-50", "P-51", "P-52", "P-53", "P-54", "P-55", "P-56", "P-57", "P-58", "P-59", "P-60", "P-61", "P-62", "P-63", "P-64", "P-65", "P-66", "P-67", "P-68", "P-69", "P-70", "P-71", "P-72", "P-73", "P-74", "P-75", "P-76", "P-77", "P-78", "P-79", "P-80", "P-81", "P-82", "P-83", "P-84", "P-85", "P-86", "P-87", "P-88", "P-89", "P-90", "P-91", "P-92", "P-93", "P-94", "P-95", "P-96", "P-97", "P-98", "P-99", "P-100", "P-101 to P-978", "P-979 to P-1004", "P-1005 to P-4315", "P-4316", "P-4317", "P-4319", "P-4320", "P-4321", "P-4322", "P-4323", "P-4324", "P-4325", "P-4326", "P-4327", "P-4328", "P-4329", "P-4330", "P-4331", "P-4332" and "P-4332-1" in the Resolution 53 promulgated on September 28, 2015. On October 16, 2015, petitioner filed a Motion for Reconsideration (Re: Resolution dated September 28, 2015) (With Motion to Set Commissioner's Hearing), 54 with respondent's Comment (Re: Motion for Reconsideration with Dated 16 October 2015), 55 filed on November 5, 2015. Petitioner's Motion to Set Commissioner's Hearing was granted by the Court in its Resolution 56 dated January 22, 2016. The resolution of petitioner's Motion for Reconsideration (Re: Resolution dated September 28, 2015) was held in abeyance. HCaDIS Thereafter, petitioner re-submits its Formal Offer of Evidence 57 on May 30, 2016, and offered Exhibits "P-21", "P-27-a", "P-13.27", "P-13.32" to "P-13.38", "P-13.40", "P-13.42", "P-13.44" to "P-13.45", "P-13.52" and "P-13.54" as part of its documentary evidence. On May 31, 2016, respondent filed his Comment (Re: Petitioner's Formal Offer of Evidence). 58 The Court, however, only admitted Exhibit "P-21" in its Resolution 59 promulgated on July 26, 2016. The Court partially granted petitioner's Motion for Reconsideration (Re: Resolution dated September 28, 2015). In the hearing held on August 30, 2016, respondent's sole witness, Revenue Officer Elizabeth U. Cadiz, 60 was presented on the witness stand. Thereafter, respondent filed a Formal Offer of Evidence 61 on September 1, 2016, offering Exhibits "R-1", "R-2" and "R-2-1", which were all admitted in the Resolution 62 promulgated on November 4, 2016. Subsequently, the Memorandum (For Respondent) 63 and petitioner's Memorandum (With Motion to Re-open Trial) 64 were filed on December 5, 2016 and January 9, 2017, respectively. Respondent, on the other hand, filed his Comment/Opposition Re: Petitioner's Memorandum (with Motion to Reopen Trial) 65 on February 27, 2017. In the Resolution 66 dated September 13, 2017, the Court granted petitioner's Motion to Reopen Trial. On February 15, 2018, petitioner filed its Supplemental Formal Offer of Evidence (With Motion to Set Commissioner's Hearing), 67 offering Exhibits "P-4332" to "P-4351", and "P-4353 to "P-4394-1." Respondent's filed his Comment Re: Petitioner's Supplemental Formal Offer of Evidence 68 on February 26, 2018. In the Resolution 69 dated April 18, 2018, the Court granted petitioner's Motion to Set Commissioner's Hearing; held in abeyance petitioner's Supplemental Formal Offer of Evidence; and noted respondent's manifestation in his Comment Re: Petitioner's Supplemental Formal Offer of Evidence that he has no more witness to present. On July 19, 2018, petitioner filed a Submission and Manifestation (Re: Supplemental Formal Offer of Evidence). 70 In the Resolution 71 dated August 20, 2018, the Court resolved petitioner's Supplemental Formal Offer of Evidence. The Court admitted Exhibits "P-4332", "P-4333", "P-4334", "P-4335", "P-4336", "P-4337", "P-4338", "P-4339", "P-4340", "P-4341", "P-4342", "P-4343", "P-4344", "P-4345", "P-4346", "P-4347", "P-4348", "P-4349", "P-4350", "P-4351", "P-4353", "P-4354", "P-4355", "P-4356", "P-4357", "P-4358", "P-4359", "P-4360", "P-4361", "P-4362", "P-4363", "P-4364", "P-4365", "P-4366", "P-4367", "P-4368", "P-4369", "P-4370", "P-4371", "P-4372", "P-4373", "P-4374", "P-4375", "P-4376", "P-4377", "P-4378", "P-4380", "P-4382", "P-4383", "P-4384", "P-4385", "P-4386", "P-4388", "P-4390", "P-4392", "P-4393", "P-4394", and "P-4394-1". The Court denied the admission of Exhibits "P-4379", "P-4381", "P-4387", "P-4389" and "P-4391". In an Order 72 dated September 26, 2018, the above-captioned cases were transferred to the Second Division, pursuant to CTA Administrative Circular No. 02-2018, "Reorganizing the Three (3) Divisions of the Court," dated September 18, 2018. On October 18, 2018, the instant cases were submitted 73 for decision, taking into consideration petitioner's Memorandum, 74 filed on October 12, 2018, and the Memorandum (for Respondent) filed on December 5, 2016. ISSUE The parties submitted this sole issue 75 for the consideration of the Court: "Whether or not petitioner is entitled to a refund or issuance of tax credit certificate for its alleged unutilized input VAT arising from purchases of goods (other than capital goods) and services, purchases of capital goods, and purchases of services rendered by non-residents attributable to zero-rated sales for the 1st, 2nd, 3rd and 4th Quarters of 2012 in the amounts of P35,343,482.10, P34,618,094.91, P40,305,286.80 and P36,892,170.72, respectively, or in the aggregate amount of P147,159,034.53." COURT'S RULING Petitioner's claims for refund or tax credit find legal basis on Section 112 (A) and (C) of the National Internal Revenue Code of 1997, as amended, which provides: AHCETa "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." Pursuant to the above-quoted provision, a taxpayer engaged in zero-rated or effectively zero-rated sales is entitled to a claim for refund or tax credit of excess input taxes attributable to such sales upon compliance with the following requisites: 1. that the taxpayer is VAT-registered; 2. that the claim for refund was filed within the prescriptive periods; 3. 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. Petitioner is a VAT- registered entity It is undisputed that petitioner is registered with the BIR as a VAT taxpayer, with TIN No. 238-763-115-000 and BIR Certificate of Registration No. OCN 9RC0000270209. 76 Petitioner Timely Filed its Administrative and Judicial claims Applying the afore-quoted provision of Section 112 (A) of the NIRC of 1997, as amended, the two (2)-year prescriptive period in filing administrative claim is reckoned from the close of the taxable quarter when the zero-rated or effectively zero-rated sales were made or until March 31, 2014 for the first quarter, June 30, 2014 for the 2nd quarter, September 30, 2014 for the 3rd quarter and December 31, 2014 for the 4th quarter, as shown below: Case No. Taxable Quarter End of Quarter End of 2 years Date of Filing of Administrative Claim 8720 1st Quarter 2012 March 31, 2012 March 31, 2014 May 23, 2013 8736 2nd Quarter 2012 June 30, 2012 June 30, 2014 June 26, 2013 8754 3rd Quarter 2012 September 30, 2012 September 30, 2014 August 8, 2013 8767 4th Quarter 2012 December 31, 2012 December 31, 2014 October 8, 2013 Based therefrom, there is no doubt that petitioner seasonably filed its administrative claims for refund/tax credit with the BIR. As to the timeliness of petitioner's judicial claim, the afore-quoted provision of Section 112 (C) of the NIRC of 1997, as amended, provides that the Commissioner of Internal Revenue (CIR) has 120 days from the date of submission of the complete documents in support of the application for refund or tax credit certificate within which to grant or deny the claim. In case of full or partial denial by the CIR, the taxpayer's recourse is to file an appeal before the Court of Tax Appeals within thirty (30) days from receipt of the decision of the CIR. However, if, after the 120-day period, the CIR fails to act on the application for tax refund/credit, the remedy of the taxpayer is to appeal the inaction of the CIR to the Court of Tax Appeals within thirty (30) days. However, respondent insists that petitioner's judicial claim for refund was prematurely filed for its failure to exhaust administrative remedies when it failed to submit complete documents for its administrative claim for refund pursuant to Revenue Memorandum Order No. 53-98. 77 DACcIH The Court does not agree. In Pilipinas Total Gas, Inc. vs. Commissioner of Internal Revenue 78 (Pilipinas Total Gas, Inc. Case) , the Supreme Court emphasized the right of the Commissioner of Internal Revenue (CIR) to demand the submission of additional supporting documents from the taxpayer for the proper determination of the latter's entitlement to its claim for refund; the need for the CIR to send a written notice informing the taxpayer that the documents submitted before the Bureau of Internal Revenue were incomplete; and the adverse consequence of failing to give such written notification to the taxpayer, in this wise: "To summarize, for the just disposition of the subject controversy, the rule is that from the date an administrative claim for excess unutilized VAT is filed, a taxpayer has thirty (30) days within which to submit the documentary requirements sufficient to support his claim, unless given further extension by the CIR. Then, upon filing by the taxpayer of his complete documents to support his application, or expiration of the period given, the CIR has 120 days within which to decide the claim for tax credit or refund. Should the taxpayer, on the date of his filing, manifest that he no longer wishes to submit any other addition documents to complete his administrative claim, the 120-day period allowed to the CIR begins to run from the date of filing. In all cases, whatever documents a taxpayer intends to file to support his claim must be completed within the two-year period under Section 112 (A) of the NIRC. The 30-day period from denial of the claim or from the expiration of the 120-day period within which to appeal the denial or inaction of the CIR to the CTA must also be respected. It bears mentioning at this point that the foregoing summation of the rules should only be made applicable to those claims for tax credit or refund filed prior to June 11, 2014, such as the claim at bench. xxx xxx xxx The alleged failure of Total Gas to submit the complete documents at the administrative level did not render its petition for review with the CTA dismissible for lack of jurisdiction. First, the 120-day period had commenced to run and the 120+30-day period was, in fact, complied with. As already discussed, it is the taxpayer who determines when complete documents have been submitted for the purpose of the running of the 120-day period. It must again be pointed out that this in no way precludes the CIR from requiring additional documents necessary to decide the claim, or even denying the claim if the taxpayer fails to submit the additional documents requested. Second, the CIR sent no written notice informing Total Gas that the documents were incomplete or required it to submit additional documents. As stated above, such notice by way of a written request is required by the CIR to be sent to Total Gas. Neither was there any decision made denying the administrative claim of Total Gas on the ground that it had failed to submit all the required documents. It was precisely the inaction of the BIR which prompted Total Gas to file the judicial claim. Thus, by failing to inform Total Gas of the need to submit any additional document, the BIR cannot now argue that the judicial claim should be dismissed because it failed to submit complete documents." The above pronouncement was reiterated by the Supreme Court in the more recent cases of Commissioner of Internal Revenue vs. Semirara Mining Corp. 79 and Commissioner of Internal Revenue vs. Team Energy Corp . 80 Records show that upon submission 81 of various documents in support of its claim for refund, petitioner did not receive any written notice from respondent requiring it to submit additional document or informing it that the documents submitted were inadequate or incomplete. Thus, following the doctrine in Pilipinas Total Gas, Inc. Case , respondent cannot now argue that petitioner failed to submit complete documents. Consequently, the counting of the 120-day period should be reckoned from the filing of petitioner's administrative claims for refund. Applying, therefore, Section 112 (C) of the NIRC of 1997, as amended, petitioner's judicial claims for the four quarters of CY 2012 were likewise timely filed within the "120-30" day period, as shown below: HSCATc CTA Case No. CY 2012 Date of Filing of Administrative Claim/Submission of Complete Documents End of 120 days for the BIR Commissioner to decide on the claim End of 30 days from the expiration of the 120 days Date of Filing of Petition for Review 8720 1st Quarter 23-May-13 20-Sep-13 21-Oct-13 82 18-Oct-13 8736 2nd Quarter 26-Jun-13 24-Oct-13 25-Nov-13 83 19-Nov-13 8754 3rd Quarter 08-Aug-13 06-Dec-13 06-Jan-14 84 06-Jan-14 8767 4th Quarter 08-Oct-13 05-Feb-14 07-Mar-14 19-Feb-14 Thus, petitioner's judicial claims for refund were satisfactorily proven to be filed on time. Petitioner had zero-rated sales With regard to the third requisite, i.e. , the existence of zero-rated sales, petitioner claims that it rendered services to non-resident entities not engaged in trade or business in the Philippines, the payments for which were made in Euro and other acceptable foreign currency and accounted for in accordance with the rules and regulations of the BSP. As such, these sales 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: xxx xxx xxx "(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. , 85 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. payment for such services must be in acceptable foreign currency accounted for in accordance with the BSP rules and regulations; and 3. the recipient of such services is doing business outside the Philippines. Petitioner complied with the first requisite. Records show that petitioner is duly licensed by the Securities and Exchange Commission (SEC) to do business in the Philippines as a regional operating headquarters (ROHQ) under SEC Registration No. FS200506950 dated April 25, 2005, pursuant to the Omnibus Investment Code of 1987, as amended by Republic Act (RA) No. 8756, and its implementing rules and regulations, particularly, 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 . 86 Such services are not in the same category as "processing, manufacturing or repacking of goods." Petitioner, likewise, complied with the third requisite. Petitioner presented the following documents to prove that its clients/affiliates are non-resident foreign corporations doing business outside the Philippines: IDTSEH 1. SEC Certifications of Non-Registration of Company; 87 2. IntraGroup Service Agreements; 88 3. Company Registration Documents (Certificate of Registration/Certificate of Incorporation/Association); 89 and 4. AMInet Company Profile Fact Sheets. 90 However, each of the aforesaid documents is insufficient to prove that petitioner's client is a non-resident foreign corporation doing business outside the Philippines. The Company Registration Documents ( i.e. , Certificates of Registration/Foreign Incorporation/Association) only prove that the named entities therein were incorporated/organized/domiciled abroad. However, they do not establish that such entities are not doing business in the Philippines. Also, the SEC Certificates of Non-Registration only show that the named entities therein are not registered corporations/partnerships in the Philippines. However, it does not necessarily follow that when an entity is not registered here, it is also a non-resident foreign corporations doing business outside the Philippines. Likewise, the Service Agreements only show the names and addresses of petitioner's clients to whom it renders services but the same do not establish that such clients are non-resident foreign corporations doing business outside the Philippines. Similarly, the Service Agreements only show the names and addresses of petitioner's clients to whom it renders services, but the same do not establish that such clients are non-resident foreign corporations doing business outside the Philippines. In the case of Sitel Philippines Corporation (formerly Clientlogic Phils., Inc.) vs. Commissioner of Internal Revenue , 91 the Supreme Court already held that while Sitel's documentary evidence, which included Certifications issued by the Securities and Exchange Commission and Agreements between Sitel and its foreign clients, may have established that Sitel rendered services to foreign corporations and received payment therefore through inward remittances, said documents failed to specifically prove that such foreign clients were doing business outside the Philippines or have a continuity of commercial dealings outside the Philippines. Thus, to be considered as non-resident foreign corporations doing business outside the Philippines, each entity must be supported, at the very least, by both SEC certificate of non-registration of corporation/partnership and certificate/articles of foreign incorporation/association/registration, as held in the more recent case of Deutsche Knowledge Services, Pte Ltd. v. Commissioner of Internal Revenue . 92 Upon close scrutiny of the records, the Court cannot give credence to the purported foreign business registration print-outs retrieved from the AMInet database which is a web-based database set up by Deutsche Bank Global, petitioner's head office located in Germany. 93 Said documents are not sufficient to establish the fact that the service recipients are non-resident foreign corporations doing business outside the Philippines, as they may be considered self-serving and can be easily manipulated to favor petitioner in view of its affinity with the entity that maintains or keeps the said database. Moreover, the following table shows whether petitioner complied with the third requisite as it presented the admitted SEC Certificate of Non-Registration and Certificates of Registration/Foreign Incorporation/Association for each of the recipients of the services rendered by petitioner: SICDAa Customer's Name SEC Certification of Non-Registration of Company (Exhibit) Certificate of Registration/ Articles of Incorporation/ Association (Exhibit) I. Entities supported by BOTH SEC Certificate of non-registration AND Certificate of Registration/Articles of Incorporation/Association: DB Hedgeworks, LLC P-15.27 P-13.31 DB International (Asia) Limited P-15.38 P-4385 DB Services Tennessee, Inc. P-4334 P-98 DB Trust Company National Association P-4350 P-13.25 DB UK Bank Limited P-4348 P-13.14 Deutsche Asia Pacific Holdings Pte. Ltd. P-15.30 P-13.6 Deutsche Bank (Malaysia) Berhad P-15.41, P-4336 P-4382 Deutsche Bank (Suisse) SA P-15.20 P-4386 Deutsche Bank Aktiengesellschaft, Filiale Ho-Chi-Minh City P-15.11 P-13.18 Deutsche Bank Aktiengesellschaft, Filiale Hong Kong P-92 P-13.2 Deutsche Bank Aktiengesellschaft, Filiale Jakarta P-93 P-13.3 Deutsche Bank Aktiengesellschaft, Filiale Labuan P-4338 P-13.20 Deutsche Bank Aktiengesellschaft, Filiale London P-15.14 P-13.4 Deutsche Bank Aktiengesellschaft, Filiale Mumbai P-94 P-13.17 Deutsche Bank Aktiengesellschaft, Filiale New York P-15, P-15.13 P-97; P-4384 Deutsche Bank Aktiengesellschaft, Filiale Singapore P-15.10 P-13.15 Deutsche Bank Aktiengesellschaft, Filiale Taipei P-95 P-4393 Deutsche Bank Americas Holding Corp. P-4322 P-13.22 Deutsche Securities, Inc. P-15.19, P-96 P-13.5 II. Exceptions: a. Not supported by BOTH SEC Certificate of non-registration AND Certificate of Registration/Articles of Incorporation/Association AO DB Securities (Kazakhstan) P-4325 None Bankers International Corporation P-4328, P-4345 None Bankers Trust (Delaware) None P-4390 DB AG Vienna Branch P-4349 None DB Alternative Trading, Inc. P-4346 None DB Consortium S. Cons. A.R.L. in Liquidazione P-15.42 None DB Consorzio S. Cons. A.R.L. P-4332 None DB Energy Trading LLC P-4329 None DB Finance, Inc. P-4333 None DB Investment Partners, Inc. P-4327 None DB Mortgage Services LLC P-4356 None DB Securities Services NJ, Inc. P-4330 None DB Services New Jersey, Inc. P-15.36 None DB Trust Company Limited Japan P-90 None DB Trust Company New Jersey Ltd. P-4354 None DBOI Global Services Private Limited P-15.39 None Deutsche Asset Management Asia Limited P-4335 None Deutsche Asset Management Korea Company Limited P-4326 None Deutsche Bank Europe GMBH Filiale Belgien P-4357 None Deutsche Bank (China) Co. Ltd., Beijing Branch P-15.22 None Deutsche Bank (China) Co. Ltd., Guangzhou Branch P-15.23 None Deutsche Bank (China) Co. Ltd., Shanghai Branch P-15.24 None Deutsche Bank AG None P-13.8 Deutsche Bank Aktiengesellschaft, Asia Pacific Head Office P-15.9 None Deutsche Bank Aktiengesellschaft, Filiale Abu Dhabi P-4337 None Deutsche Bank Aktiengesellschaft, Filiale Dubai (DIFC) P-15.4 None Deutsche Bank Aktiengesellschaft, Filiale Prag P-15.17 None Deutsche Bank Aktiengesellschaft, Filiale Riad P-15.3 None Deutsche Bank Aktiengesellschaft, Filiale Tokyo P-15.15 None Deutsche Bank Aktiengesellschaft, Filiale Vienna P-15.8 None Deutsche Bank Aktiengesellschaft, Frankfurt (Main) None P-13.1 Deutsche Bank Aktiengesellschaft, Inlandsbank P-15.1 None Deutsche Bank Aktiengesellschaft, Inlandsbank Filiale Johannesburg South Africa P-4319 None Deutsche Bank Anonim Sirketi None P-99 Deutsche Bank Berkshire Mortgage, Inc. P-4355 None Deutsche Bank International Limited P-4339 None Deutsche Bank National Trust Company P-15.37, P-4340 None Deutsche Bank Netherlands N.V. P-4331 None Deutsche Bank PBC Spolka Akcyjna P-15.33 None Deutsche Bank PGK AG P-4341 None Deutsche Bank Polska Spolka Alcyjna P-4343 None Deutsche Bank Real Estate (Japan) Y.K. P-15.28 None Deutsche Bank Securities, Inc. P-15.29 None Deutsche Bank Trust Company Americas P-15.35 None Deutsche Bank Trust Company Delaware P-4344 None Deutsche Group Services Pty Limited P-15.32 None Deutsche Investment Management Americas, Inc. P-4323 None Deutsche Securities Korea Co. P-15.34 None DKS TOV FAS Asset Management Americas P-4347 None Gemini Technology Services, Inc. P-4351 None Global Markets Centre Private Limited P-15.40 None Licorne Gestion P-15.5 None Mortgageit, Inc. P-4353 None PT Deutsche Securities Indonesia P-15.31 None RREEF Management L.L.C. P-4324 None Rued Blass and CIE AG P-4342 None b. Company Registration documents (Certificate of Registration/Articles of Incorporation/Association) are written in foreign language and unaccompanied by English translation. Banco Comercial Transatlantico P-4358 P-100 Deutsche Bank Aktiengesellschaft, Filiale Amsterdam P-15.2 P-4392 Deutsche Bank Aktiengesellschaft, Filiale Bangkok P-91 P-13.16 Deutsche Bank Aktiengesellschaft, Filiale Frankfurt A.M. Zurich Branch P-15.7 P-13.13 Deutsche Bank Aktiengesellschaft, Filiale Paris P-15.16 P-13.24 Deutsche Bank Aktiengesellschaft, Filiale Seoul P-15.12 P-13.19 Deutsche Bank Luxembourg S.A. P-15.18 P-13.26 Deutsche Bank Sociedad Anonima Espanola P-15.6 P-13.12 Deutsche Bank Societa Per Azioni P-15.21 P-13.28 DWS Holding and Service GMBH P-15.25 P-13.29 DWS Investment SA P-4321 P-13.21 OOO Deutsche Bank P-4320 P-13.11 RREEFF Management GMBH P-15.26 P-13.30 Consequently, only the entities under Item I of the preceding table that shall be considered as non-resident foreign corporations doing business outside the Philippines as they were able to submit the above-stated documentary requirements. Corollary to the second 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: " 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 x x x" (underlining supplied) SEC. 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. DHIcET 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; (underlining 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. To prove that petitioner rendered services to its non-resident foreign clients/affiliates and was paid in Euro duly accounted for in accordance with the rules and regulations of the BSP for the four quarters of CY 2012, petitioner presented its Extracted Schedule of Zero-Rated Sales, 94 Summary List of Sales for the four quarters of CY 2012, 95 and the related official receipts with attached sales invoices 96 and bank inward remittances. 97 Upon scrutiny of the documents submitted, together with the report 98 of the Court-commissioned Independent Certified Public Accountant (ICPA), 99 the Court finds that, out of the P7,088,991,662.84 100 zero-rated sales declared per Quarterly VAT Returns for the four quarters of CY 2012, only the amount of P4,825,937,556.72 (equivalent to 88,848,985.45), as detailed below, qualifies for VAT zero-rating under Section 108 (B) (2) of the NIRC of 1997, as amended: Customer's Name Amount Collected in Euro as reflected in related Invoices attached to the Official Receipts (O.R.) Peso Equivalent O.R. No. Exhibit No. of O.R. Bank Reference of Inward Remittance FIRST QUARTER OF CY 2012 Deutsche Bank Aktiengesellschaft, Filiale New York 14,479.12 P5,069,273.24 1984 P-101 02RS01030098 Deutsche Bank Aktiengesellschaft, Filiale New York 74,156.64 Deutsche Bank Aktiengesellschaft, Filiale London 15,062.45 902,960.09 1985 P-102 02RS01030094 Deutsche Bank Aktiengesellschaft, Filiale London 817.51 Deutsche Bank Aktiengesellschaft, Filiale Singapur 381,764.80 21,715,266.67 1986 P-103 02RS01050058 Deutsche Bank Aktiengesellschaft, Filiale Singapur 13,629.34 775,254.17 1987 P-104 02RS01060061 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 1,824.14 103,759.40 1988 P-105 02RS01060060 Deutsche Securities, Inc. 11,816.11 4,864,476.02 1991 P-108 02RS01100075 Deutsche Securities, Inc. 11,539.13 Deutsche Securities, Inc. (9,916.72) Deutsche Securities, Inc. 73,252.58 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 200,435.11 11,228,833.86 1999 P-115 02RS01120074 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 108,578.71 6,082,827.98 2000 P-116 02RS01120073 Deutsche Bank Aktiengesellschaft, Filiale London 1,727,976.22 97,212,710.82 2001 P-117 02RS01120217 DB International (Asia) Limited 24,100.81 6,158,031.78 2002 P-118 02RS01130053 DB International (Asia) Limited 24,100.78 DB International (Asia) Limited 24,100.78 DB International (Asia) Limited 37,157.93 Deutsche Bank Aktiengesellschaft, Filiale Singapur 532,697.64 29,968,573.08 2003 P-119 02RS01130071 Deutsche Asia Pacific Holdings Pte. Ltd. 10,238.12 1,707,929.04 2020 P-136 02RS01160079 Deutsche Asia Pacific Holdings Pte. Ltd. 10,238.10 Deutsche Asia Pacific Holdings Pte. Ltd. 10,238.10 Deutsche Securities, Inc. 137,416.19 46,362,000.41 2021 P-137 02RS01160083 Deutsche Securities, Inc. 112,004.27 Deutsche Securities, Inc. 21,361.58 Deutsche Securities, Inc. 132,918.50 Deutsche Securities, Inc. 12,479.94 Deutsche Securities, Inc. 137,072.13 Deutsche Securities, Inc. 137,935.53 Deutsche Securities, Inc. 4,621.34 Deutsche Securities, Inc. 137,935.53 Deutsche Bank Aktiengesellschaft, Filiale New York 600,618.04 34,714,467.68 2023 P-139 02RS01180122 Deutsche Bank Aktiengesellschaft, Filiale New York 20,444.00 Deutsche Securities, Inc. 668,088.40 37,343,021.59 2023 P-143 02RS01180122 Deutsche Securities, Inc. 220.26 12,311.51 2028 P-144 02RS01200053 Deutsche Bank Aktiengesellschaft, Filiale London 2,112,076.33 133,761,202.86 2036 P-152 02RS01240021 Deutsche Bank Aktiengesellschaft, Filiale London 62,075.95 Deutsche Bank Aktiengesellschaft, Filiale London 217,674.72 DB HedgeWorks, LLC 169.70 9,543.45 2042 P-156 02RS01240276 Deutsche Bank Aktiengesellschaft, Filiale New York 15,684.83 2,407,991.85 Deutsche Bank Aktiengesellschaft, Filiale New York 27,133.65 Deutsche Bank Americas Holding Corp. 36.96 2,078.53 Deutsche Bank Aktiengesellschaft, Filiale London 17,714.60 10,355,652.60 2043 P-157 02RS01250130 Deutsche Bank Aktiengesellschaft, Filiale London 48,043.40 Deutsche Bank Aktiengesellschaft, Filiale London 753.39 Deutsche Bank Aktiengesellschaft, Filiale London 17,423.71 Deutsche Bank Aktiengesellschaft, Filiale London 12,850.40 Deutsche Bank Aktiengesellschaft, Filiale London 87,356.86 10,355,652.60 2043 P-157 02RS01250130 Deutsche Bank (Suisse) SA 8,862.46 496,069.73 2056 P-169 02RS02030092 Deutsche Bank Aktiengesellschaft, Filiale Singapur 3,497.00 194,753.42 2060 P-172 02RS02060097 Deutsche Bank (Suisse) SA 8,233.04 458,533.20 2061 P-173 02RS02060117 Deutsche Bank Aktiengesellschaft, Filiale Singapur 67,507.44 3,764,534.84 2063 P-174 02RS02070041 Deutsche Bank Aktiengesellschaft, Filiale Singapur 705.94 39,314.91 2064 P-175 02RS02070040 Deutsche Bank Aktiengesellschaft, Filiale Singapur 203,450.04 11,330,452.14 2065 P-176 02RS02070039 Deutsche Bank Aktiengesellschaft, Filiale Singapur 35,765.17 1,991,818.47 2066 P-177 02RS02070038 Deutsche Bank Aktiengesellschaft, Filiale Singapur 192,236.68 10,705,962.53 2067 P-178 02RS02070045 Deutsche Bank Aktiengesellschaft, Filiale Singapur 3,497.00 195,009.30 2068 P-180 02RS02070044 Deutsche Bank Aktiengesellschaft, Filiale Singapur 131.76 7,337.92 2069 P-181 02RS02070043 Deutsche Bank Aktiengesellschaft, Filiale Singapur 1,136.33 63,284.00 2070 P-182 02RS02070042 Deutsche Bank (Malaysia) Berhad 23,562.61 2,724,576.10 2074 P-185 02RS02100101 Deutsche Bank (Malaysia) Berhad 24,856.05 Deutsche Bank (Malaysia) Berhad 24,856.01 2,797,355.02 2075 P-186 02RS02100102 Deutsche Bank (Malaysia) Berhad 24,856.01 Deutsche Bank (Malaysia) Berhad 35,672.90 2,012,421.30 2076 P-187 02RS02100103 Deutsche Bank Aktiengesellschaft, Filiale London 8,973.19 504,932.17 2078 P-188 02RS02100190 Deutsche Bank Aktiengesellschaft, Filiale London 43.49 2,446.24 2081 P-192 02RS02130222 Deutsche Bank Aktiengesellschaft, Filiale London 1,507,310.70 84,607,309.10 2087 P-198 02RS02140168 Deutsche Bank Aktiengesellschaft, Filiale Ho-Chi-Minh-City 5,073.12 285,434.40 2093 P-203 02RS02150217 Deutsche Bank Aktiengesellschaft, Filiale Ho-Chi-Minh-City 4,591.33 258,390.90 2094 P-204 02RS02150221 Deutsche Bank Aktiengesellschaft, Filiale London 3,715.71 208,567.63 2096 P-206 02RS02150229 Deutsche Bank Aktiengesellschaft, Filiale New York 4,347.07 370,646.76 2097 P-207 02RS02150243 Deutsche Bank Aktiengesellschaft, Filiale New York 2,256.14 Deutsche Bank Aktiengesellschaft, Filiale Singapur 332,122.23 18,594,723.24 2100 P-209 02RS02170089 Deutsche Bank Aktiengesellschaft, Filiale Singapur 3,497.00 195,788.60 2101 P-210 02RS02170088 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 144,852.60 8,109,947.98 2102 P-211 02RS02170087 Deutsche Bank Aktiengesellschaft, Filiale New York 8,477.94 476,191.36 2103 P-212 02RS02170128 Deutsche Bank Aktiengesellschaft, Filiale New York 10.18 Deutsche Bank (Suisse) SA 8,127.40 456,492.25 2110 P-219 02RS02200236 Deutsche Bank (Malaysia) Berhad 27,806.56 3,140,911.68 2118 P-227 02RS02220099 Deutsche Bank (Malaysia) Berhad 27,806.56 Deutsche Bank Aktiengesellschaft, Filiale Singapur 303,537.28 17,031,734.79 2172 P-268 02RS03150068 Deutsche Bank Aktiengesellschaft, Filiale Ho-Chi-Minh-City 5,322.54 303,407.35 2120 P-229 02RS02220151 Deutsche Bank Aktiengesellschaft, Filiale London 882.35 515,320.65 2121 P-230 02RS02220147 Deutsche Bank Aktiengesellschaft, Filiale London 6,069.95 Deutsche Bank Aktiengesellschaft, Filiale London 2,171.99 Deutsche Bank (Malaysia) Berhad 7,027.56 405,913.77 2124 P-233 02RS02240091 Deutsche Bank (Malaysia) Berhad 7,027.56 2,608,555.45 2125 P-234 02RS02240143 Deutsche Bank (Malaysia) Berhad 7,602.57 Deutsche Bank (Malaysia) Berhad 2,964.38 Deutsche Bank (Malaysia) Berhad 11,244.41 Deutsche Bank (Malaysia) Berhad 10,505.45 Deutsche Bank (Malaysia) Berhad 5,817.39 Deutsche Bank Aktiengesellschaft, Filiale New York 648,299.74 72,970,583.08 2152 P-253 02RS03080114 Deutsche Bank Aktiengesellschaft, Filiale New York 648,299.74 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 144,852.60 8,127,802.51 2173 P-269 02RS03160066 Deutsche Bank Aktiengesellschaft, Filiale Singapur 162,929.91 9,172,419.53 2175 P-271 02RS03190008 Deutsche Bank (Suisse) SA 8,862.46 496,995.24 2162 P-263 02RS03130108 Deutsche Bank Aktiengesellschaft, Filiale Singapur 539.39 30,248.29 2168 P-267 02RS03130064 Deutsche Bank Aktiengesellschaft, Filiale Singapur 3,497.00 196,219.64 2171 P-252 02RS03150067 Deutsche Bank Aktiengesellschaft, Filiale Singapur 251,704.31 14,170,127.06 2174 P-270 02RS03190018 Deutsche Bank Aktiengesellschaft, Filiale London 1,730,847.14 103,092,296.27 2178 P-274 02RS03160115 Deutsche Bank Aktiengesellschaft, Filiale London (35.58) Deutsche Bank Aktiengesellschaft, Filiale London 97,332.80 Deutsche Bank Aktiengesellschaft, Filiale New York 905.06 51,489.91 2180 P-276 02RS03200011 Deutsche Bank Aktiengesellschaft, Filiale London 653.77 37,178.67 2192 P-287 02RS03230163 Deutsche Bank Aktiengesellschaft, Filiale Singapur 162,929.91 9,122,053.00 2099 P-208 02RS02170090 Deutsche Bank Aktiengesellschaft, Filiale New York 8,441.98 483,599.58 2196 P-291 02RS03260189 Deutsche Bank (Malaysia) Berhad 27,806.56 1,592,901.30 2198 P-293 02RS03270127 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 34,030.09 24,697,696.04 2199 P-294 02RS03280121 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 403,667.12 Deutsche Bank Aktiengesellschaft, Filiale Hongkong (7,390.10) Deutsche Bank Aktiengesellschaft, Filiale Hongkong 407,369.10 51,051,646.84 2200 P-295 02RS03280123 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 15,670.40 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 429,085.06 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 7,862.42 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 29,484.11 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 282,852.65 42,318,470.58 2201 P-296 02RS02170126 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 18,205.48 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 17,371.97 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 425,588.21 Deutsche Bank Aktiengesellschaft, Filiale Hongkong (6,705.05) Deutsche Bank Aktiengesellschaft, Filiale Hongkong (2,864.04) Total for the 1st Quarter of CY 2012 17,110,502.91 P963,228,031.37 SECOND QUARTER OF CY 2012 Deutsche Bank Aktiengesellschaft, Filiale London 956,899.92 P269,108,300.20 2213 P-307 02RS04020192 Deutsche Bank Aktiengesellschaft, Filiale London 2,152,088.66 Deutsche Bank Aktiengesellschaft, Filiale London 1,550,608.15 Deutsche Bank Aktiengesellschaft, Filiale London 6,941.77 Deutsche Bank Aktiengesellschaft, Filiale London 58,047.36 Deutsche Bank Aktiengesellschaft, Filiale New York 790.71 44,636.42 2215 P-309 02RS04030277 Deutsche Bank Aktiengesellschaft, Filiale London 61,388.64 3,749,636.90 2216 P-310 02RS04030274 Deutsche Bank Aktiengesellschaft, Filiale London 1,588.42 Deutsche Bank Aktiengesellschaft, Filiale London 2,813.96 Deutsche Bank Aktiengesellschaft, Filiale London 631.77 Deutsche Bank Aktiengesellschaft, Filiale Singapur 162,929.91 9,122,602.08 2250 P-344 02RS04100035 Deutsche Bank Aktiengesellschaft, Filiale Singapur (10,266.26) 1,923,385.22 2251 P-345 02RS04100037 Deutsche Bank Aktiengesellschaft, Filiale Singapur 44,617.97 Deutsche Bank Aktiengesellschaft, Filiale Singapur 1,022.02 57,223.88 2253 P-347 02RS04100021 Deutsche Bank Aktiengesellschaft, Filiale New York 653.77 36,605.21 2254 P-348 02RS04040129 Deutsche Bank Aktiengesellschaft, Filiale Singapur 428.71 24,033.19 2259 P-351 02RS04120083 Deutsche Bank Aktiengesellschaft, Filiale Singapur 111,971.25 6,277,032.13 2260 P-352 02RS04120084 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 144,852.60 8,130,251.97 2264 P-355 02RS04130090 Deutsche Bank Aktiengesellschaft, Filiale London 711,521.01 37,919,516.10 2447 P-341 02RS06250244 DB International (Asia) Limited 23,208.28 3,873,301.56 2267 P-358 02RS04130098 DB International (Asia) Limited 23,208.28 DB International (Asia) Limited 23,208.28 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 45.44 2,527.87 2268 P-359 02RS04130094 Deutsche Bank Aktiengesellschaft, Filiale New York 648,299.74 43,839,264.39 2273 P-364 02RS04170186 Deutsche Bank Aktiengesellschaft, Filiale New York 134,365.50 Deutsche Bank Aktiengesellschaft, Filiale New York 32.71 Deutsche Bank Aktiengesellschaft, Filiale London 1,531,114.07 147,776,488.13 2276 P-367 02RS04170159 Deutsche Bank Aktiengesellschaft, Filiale London 1,104,257.95 Deutsche Bank Aktiengesellschaft, Filiale London 28.55 Deutsche Bank Aktiengesellschaft, Filiale London 2,972.95 Deutsche Bank (Suisse) SA 8,862.46 496,390.37 2277 P-368 02RS04180058 Deutsche Bank Aktiengesellschaft, Filiale New York 925.34 52,040.95 2284 P-375 02RS04230217 Deutsche Bank Aktiengesellschaft, Filiale London 1,571,362.53 88,373,352.28 2285 P-376 02RS04230175 Deutsche Bank Aktiengesellschaft, Filiale London 3.95 Deutsche Bank Aktiengesellschaft, Filiale New York 19,358.73 1,200,200.02 2288 P-379 02RS04250001 Deutsche Bank (Malaysia) Berhad 27,714.24 1,563,122.22 2293 P-384 02RS04240136 Deutsche Bank Aktiengesellschaft, Filiale New York 83,506.86 4,641,975.16 2301 P-391 02RS05020208 Deutsche Bank Aktiengesellschaft, Filiale London 917,036.41 50,976,174.11 2302 P-392 02RS05020211 Deutsche Bank Aktiengesellschaft, Filiale Singapur 2,106.96 117,735.70 2306 P-393 02RS04180093 Deutsche Bank Aktiengesellschaft, Filiale Singapur 3,128.48 174,817.65 2307 P-394 02RS04180094 Deutsche Bank (Malaysia) Berhad 27,714.24 1,474,398.95 2450 P-400 02RS06260109 Deutsche Bank Aktiengesellschaft, Filiale Singapur 40,309.65 2,222,320.59 2316 P-402 02RS05040092 Deutsche Bank Aktiengesellschaft, Filiale Singapur 172,497.74 9,510,012.58 2317 P-403 02RS05040093 Deutsche Bank Aktiengesellschaft, Filiale Singapur 317,615.30 17,510,522.16 2318 P-404 02RS05040094 Deutsche Bank Aktiengesellschaft, Filiale Singapur 115,316.64 6,357,548.20 2322 P-408 02RS05040099 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 149,993.37 8,255,942.57 2326 P-412 02RS05070198 Deutsche Bank Aktiengesellschaft, Filiale London 101,170.19 5,551,598.84 2339 P-425 02RS05090122 Deutsche Bank Aktiengesellschaft, Filiale London 3,558.82 195,971.48 2341 P-427 02RS05110231 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 7,923.27 434,423.15 2342 P-428 02RS05150120 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 7,923.28 434,423.70 2343 P-429 02RS05150121 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 9,033.02 495,269.38 2344 P-430 02RS05150122 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 7,923.27 434,423.15 2345 P-431 02RS05150123 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 9,033.02 495,269.38 2346 P-432 02RS05150124 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 8,962.36 491,395.18 2347 P-433 02RS05150125 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 9,033.02 495,269.38 2348 P-434 02RS05150126 Deutsche Bank Aktiengesellschaft, Filiale Ho-Chi-Minh-City 4,586.97 250,520.21 2354 P-438 02RS05170003 Deutsche Bank Aktiengesellschaft, Filiale Ho-Chi-Minh-City 4,885.86 266,844.28 2356 P-440 02RS05160179 Deutsche Asia Pacific Holdings Pte. Ltd. 11,438.74 2,529,452.41 2357 P-441 02RS05160103 Deutsche Asia Pacific Holdings Pte. Ltd. 11,438.74 Deutsche Asia Pacific Holdings Pte. Ltd. 11,438.74 Deutsche Asia Pacific Holdings Pte. Ltd. 11,862.94 Deutsche Bank Aktiengesellschaft, Filiale London 1,091,865.98 59,632,937.47 2361 P-444 02RS05170211 Deutsche Securities, Inc. 714,708.58 111,774,050.78 2365 P-448 02RS05100079 Deutsche Securities, Inc. 4,246.94 Deutsche Securities, Inc. 411,570.27 Deutsche Securities, Inc. 7,133.95 Deutsche Securities, Inc. 415,742.13 Deutsche Securities, Inc. 9,042.98 Deutsche Securities, Inc. 465,717.65 Deutsche Securities, Inc. 8,619.81 Deutsche Bank (Suisse) SA 8,763.95 480,945.94 2366 P-449 02RS05180110 Deutsche Bank (Suisse) SA 8,763.95 480,945.94 2367 P-450 02RS05180111 Deutsche Bank (Malaysia) Berhad 27,714.24 1,521,557.23 2378 P-461 02RS05230123 Deutsche Bank Aktiengesellschaft, Filiale London 113,146.06 7,702,324.56 2382 P-462 02RS05230170 Deutsche Bank Aktiengesellschaft, Filiale London 3,376.92 Deutsche Bank Aktiengesellschaft, Filiale London 14,188.35 Deutsche Bank Aktiengesellschaft, Filiale London 3,873.89 Deutsche Bank Aktiengesellschaft, Filiale London 5,707.94 Deutsche Bank Aktiengesellschaft, Filiale New York 44,727.69 2,455,623.54 2383 P-466 02RS05230176 Deutsche Bank Americas Holding Corp. 109.50 6,011.73 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 430,831.08 44,751,019.64 2384 P-467 02RS05240045 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 7,862.42 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 364,243.28 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 7,952.09 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 4,223.75 Deutsche Bank Aktiengesellschaft, Filiale London 297,061.60 121,682,251.74 2389 P-472 02RS05240184 Deutsche Bank Aktiengesellschaft, Filiale London 1,911,125.34 02RS05240184 Deutsche Bank (Malaysia) Berhad 2,577.75 142,047.04 2391 P-474 02RS05250111 Deutsche Bank Aktiengesellschaft, Filiale London 1,786,467.48 210,867,194.05 Deutsche Bank Aktiengesellschaft, Filiale London 947.69 Deutsche Bank Aktiengesellschaft, Filiale London 293,700.85 Deutsche Bank Aktiengesellschaft, Filiale London 613,602.46 Deutsche Bank Aktiengesellschaft, Filiale London 1,092,109.62 Deutsche Bank Aktiengesellschaft, Filiale London 39,812.00 Deutsche Bank (Malaysia) Berhad 7,133.43 382,143.48 2398 P-481 02RS05310101 Deutsche Bank (Malaysia) Berhad 7,111.76 380,982.60 2399 P-182 02RS05310102 Deutsche Bank (Malaysia) Berhad 7,192.46 385,305.76 2400 P-484 02RS05310103 Deutsche Bank (Malaysia) Berhad 7,111.76 380,982.60 2401 P-483 02RS05310104 Deutsche Bank Aktiengesellschaft, Filiale New York 17,071.06 38,392,272.19 2404 P-487 02RS06010170 Deutsche Bank Aktiengesellschaft, Filiale New York 2,474.12 Deutsche Bank Aktiengesellschaft, Filiale New York 652,330.61 Deutsche Bank Aktiengesellschaft, Filiale New York 44,788.50 Deutsche Bank Aktiengesellschaft, Filiale Singapur 2,427.47 130,041.49 2405 P-488 02RS06040159 Deutsche Bank Aktiengesellschaft, Filiale Singapur 3,583.41 193,699.94 2407 P-490 02RS06050096 Deutsche Bank Aktiengesellschaft, Filiale Singapur 35,830.80 1,936,820.99 2408 P-491 02RS06040164 Deutsche Bank Aktiengesellschaft, Filiale Singapur 3,504.66 189,443.13 2409 P-492 02RS06040165 Deutsche Bank Aktiengesellschaft, Filiale Singapur 961.46 51,971.37 2410 P-493 02RS06040166 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 149,993.37 8,107,837.62 2411 P-494 02RS06040300 Deutsche Bank Aktiengesellschaft, Filiale Singapur 172,497.74 9,324,303.24 2412 P-495 02RS06050135 Deutsche Bank Aktiengesellschaft, Filiale Ho-Chi-Minh-City 4,760.98 257,766.27 2414 P-496 56RH06110046 Deutsche Securities, Inc. 31,785.35 2,313,287.34 2415 P-497 02RS06110072 Deutsche Securities, Inc. 10,941.40 Deutsche Bank Aktiengesellschaft, Filiale London 1,763,885.83 94,091,983.92 2416 P-498 02RS06130024 Deutsche Bank Aktiengesellschaft, Filiale London 3.95 Deutsche Bank Aktiengesellschaft, Filiale Ho-Chi-Minh-City 4,760.98 254,174.73 2422 P-504 56RH06150036 Deutsche Bank (Malaysia) Berhad 3,870.91 1,198,177.39 2425 P-507 02RS06150134 Deutsche Bank (Malaysia) Berhad 6,847.30 Deutsche Bank (Malaysia) Berhad 7,302.85 Deutsche Bank (Malaysia) Berhad 4,381.37 Deutsche Bank (Malaysia) Berhad 4,349.70 940,618.05 2426 P-508 02RS06150133 Deutsche Bank (Malaysia) Berhad 4,349.70 Deutsche Bank (Malaysia) Berhad 4,436.11 Deutsche Bank (Malaysia) Berhad 4,451.31 Deutsche Bank Aktiengesellschaft, Filiale London 139,730.36 7,498,997.26 2438 P-520 02RS06200156 Deutsche Bank Aktiengesellschaft, Filiale London 8,957.70 477,388.08 2444 P-525 02RS06250005 Total for the 2nd Quarter of CY 2012 26,458,303.83 P1,465,271,326.41 THIRD QUARTER OF CY 2012 Deutsche Bank Aktiengesellschaft, Filiale London 109,303.66 P39,271,451.05 2460 P-563 02RS07020288 Deutsche Bank Aktiengesellschaft, Filiale London 605,630.11 Deutsche Bank Aktiengesellschaft, Filiale London 33,176.66 Deutsche Bank Aktiengesellschaft, Filiale New York 652,330.61 5,616,927.04 2461 P-564 02RS07020292 Deutsche Bank Aktiengesellschaft, Filiale New York 44,788.50 Deutsche Bank Aktiengesellschaft, Filiale New York 44,788.50 Deutsche Bank Aktiengesellschaft, Filiale New York (652,330.61) Deutsche Bank Aktiengesellschaft, Filiale New York (44,788.50) Deutsche Bank Aktiengesellschaft, Filiale New York 17,973.54 Deutsche Bank Aktiengesellschaft, Filiale New York 1,039.35 Deutsche Bank Aktiengesellschaft, Filiale New York 43,198.80 Deutsche Bank Americas Holding Corp. 66.80 6,764.45 Deutsche Bank Americas Holding Corp. 62.06 Deutsche Bank Aktiengesellschaft, Filiale London 39,812.00 59,543,933.67 2463 P-534 02RS07030128 Deutsche Bank Aktiengesellschaft, Filiale London 1,091,680.73 Deutsche Bank Aktiengesellschaft, Filiale New York 652,330.61 34,328,396.06 2464 P-535 02RS07030123 Deutsche Bank Aktiengesellschaft, Filiale Singapur 111,934.90 5,890,487.92 2468 P-539 02RS07040073 Deutsche Bank Aktiengesellschaft, Filiale Singapur 3,317.67 174,589.83 2469 P-540 02RS07040074 Deutsche Bank Aktiengesellschaft, Filiale Singapur 44,887.65 2,362,178.02 2470 P-541 02RS07040075 Deutsche Bank Aktiengesellschaft, Filiale Singapur 30,449.86 1,602,400.44 2472 P-543 02RS07040072 Deutsche Bank Aktiengesellschaft, Filiale Singapur 412,477.34 21,706,302.41 2474 P-545 02RS07040078 Deutsche Bank Aktiengesellschaft, Filiale Singapur 390,676.77 20,559,064.20 2475 P-546 02RS07040076 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 347,057.90 26,107,578.30 2476 P-547 02RS07040165 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 7,861.06 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 141,194.30 DB International (Asia) Limited 23,810.37 3,728,855.38 2477 P-548 02RS07040228 DB International (Asia) Limited 23,810.37 DB International (Asia) Limited 23,810.37 Deutsche Bank Aktiengesellschaft, Filiale London 604,644.76 31,294,550.47 2486 P-557 02RS07060223 Deutsche Bank (Suisse) SA 8,763.95 451,344.04 2491 P-588 02RS07090202 Deutsche Securities, Inc. 4,675.39 53,064,122.49 2493 P-590 02RS07100091 Deutsche Securities, Inc. 3,571.09 Deutsche Securities, Inc. 120,883.84 Deutsche Securities, Inc. 120,852.58 Deutsche Securities, Inc. 3,170.03 Deutsche Securities, Inc. 120,852.58 Deutsche Securities, Inc. 210,462.93 Deutsche Securities, Inc. 148,351.67 Deutsche Securities, Inc. 148,351.67 Deutsche Securities, Inc. 148,351.67 Deutsche Securities, Inc. 846.46 Deutsche Bank Aktiengesellschaft, Filiale Singapur 172,497.74 8,872,678.28 2501 P-570 02RS07120037 Deutsche Bank Aktiengesellschaft, Filiale Singapur 35,830.80 1,843,010.59 2502 P-571 02RS07120038 Deutsche Bank Aktiengesellschaft, Filiale Singapur 328,842.63 14,703,746.15 2508 P-577 02RS07120131 Deutsche Bank Aktiengesellschaft, Filiale Singapur (41,735.79) Deutsche Bank Aktiengesellschaft, Filiale Singapur 3,649.43 186,900.08 2509 P-578 02RS07120126 Deutsche Bank Aktiengesellschaft, Filiale London 124,278.00 6,364,711.35 2514 P-583 02RS07130254 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 149,993.38 7,681,685.97 2516 P-584 02RS07160109 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 4,664.11 6,940,972.23 2518 P-586 02RS07170001 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 7,801.02 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 5,918.01 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 5,918.01 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 5,918.02 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 5,918.01 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 5,219.18 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 5,670.23 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 5,670.23 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 10,374.61 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 10,374.58 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 10,374.58 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 10,389.15 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 10,389.15 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 10,389.15 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 10,332.14 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 10,332.14 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 10,320.91 2,313,838.20 2519 P-591 02RS07170008 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 6,581.35 Deutsche Bank Aktiengesellschaft, Filiale Mumbai (3,106.39) Deutsche Bank Aktiengesellschaft, Filiale Mumbai 3,317.67 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 73.73 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 6,561.61 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 4,565.95 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 3,317.67 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 3,317.67 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 3,317.67 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 3,317.67 Deutsche Bank Aktiengesellschaft, Filiale Mumbai 3,564.25 Deutsche Bank Aktiengesellschaft, Filiale London 1,543,849.61 84,810,099.87 2524 P-596 02RS07200184 Deutsche Bank Aktiengesellschaft, Filiale London 3.95 Deutsche Bank Aktiengesellschaft, Filiale London 117,437.73 Deutsche Bank Aktiengesellschaft, Filiale London 1,076,716.22 54,967,127.50 2532 P-603 02RS07250166 Deutsche Bank Aktiengesellschaft, Filiale New York (162,736.21) (2,114,923.71) 2533 P-604 02RS07250085 Deutsche Bank Aktiengesellschaft, Filiale New York 8,957.70 Deutsche Bank Aktiengesellschaft, Filiale New York 17,915.40 Deutsche Bank Aktiengesellschaft, Filiale New York (13,514.89) Deutsche Bank Aktiengesellschaft, Filiale New York 966.23 Deutsche Bank Aktiengesellschaft, Filiale New York 37,569.34 Deutsche Bank Aktiengesellschaft, Filiale New York 10,495.87 Deutsche Bank Aktiengesellschaft, Filiale New York 17,915.40 Deutsche Bank Aktiengesellschaft, Filiale New York 17,915.40 Deutsche Bank Aktiengesellschaft, Filiale New York 23,086.75 Deutsche Bank Americas Holding Corp. 76.45 3,902.72 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 191,083.70 7,171,001.45 2540 P-611 02RS07270109 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 7,930.20 Deutsche Bank Aktiengesellschaft, Filiale Hongkong (59,761.23) Deutsche Bank Aktiengesellschaft, Filiale Ho-Chi-Minh-City 4,760.98 245,173.00 2541 P-612 56RS07300031 Deutsche Bank (Malaysia) Berhad 27,377.22 1,409,826.36 2545 P-616 02RS07300141 Deutsche Bank Aktiengesellschaft, Filiale New York 473,431.07 24,293,821.83 2547 P-617 02RS07010200 Deutsche Bank Aktiengesellschaft, Filiale Singapur 788.08 41,689.80 2553 P-622 02RS08060017 Deutsche Bank Aktiengesellschaft, Filiale Singapur 157,949.74 8,355,615.48 2554 P-623 02RS08060018 Deutsche Bank Aktiengesellschaft, Filiale Singapur 1,994.51 105,510.52 2555 P-624 02RS08060019 Deutsche Bank Aktiengesellschaft, Filiale Singapur 7,488.12 396,125.07 2556 P-625 02RS08060011 Deutsche Bank Aktiengesellschaft, Filiale Singapur 33,591.38 1,776,999.79 2557 P-626 02RS08060015 Deutsche Bank Aktiengesellschaft, Filiale Singapur 1,108.37 58,633.29 2558 P-627 02RS08060014 Deutsche Bank (Suisse) SA 8,564.80 453,081.95 2559 P-628 02RS08060188 Deutsche Bank Aktiengesellschaft, Filiale London 649.28 135,307.24 2560 P-629 02RS08060198 Deutsche Bank Aktiengesellschaft, Filiale London 1,908.49 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 127,327.37 6,735,677.72 2562 P-631 02RS08070077 Deutsche Bank Aktiengesellschaft, Filiale London 33,176.66 32,551,648.78 2565 P-634 02RS08160261 Deutsche Bank Aktiengesellschaft, Filiale London 573,203.25 Deutsche Bank Aktiengesellschaft, Filiale London 8,957.70 Deutsche Bank Aktiengesellschaft, Filiale London 1,696,155.47 91,375,355.33 2569 P-635 02RS09170170 DB UK Bank Limited 12,036.00 636,710.06 2573 P-639 02RS08140213 Deutsche Bank Aktiengesellschaft, Filiale New York (6,605.25) 1,641,391.64 2590 P-656 02RS08230191 Deutsche Bank Aktiengesellschaft, Filiale New York 37,577.80 Deutsche Bank Americas Holding Corp. 76.56 Deutsche Bank Aktiengesellschaft, Filiale London 1,038,229.27 85,605,675.09 2592 P-658 02RS08230174 Deutsche Bank Aktiengesellschaft, Filiale London 571,053.38 Deutsche Bank Aktiengesellschaft, Filiale London 8,957.70 Deutsche Bank Aktiengesellschaft, Filiale London 1,484,038.89 82,105,179.04 2598 P-661 02RS08280001 Deutsche Bank Aktiengesellschaft, Filiale London 68,030.10 Deutsche Bank Aktiengesellschaft, Filiale New York 3,702.59 28,704,504.41 2599 P-662 02RS08240106 Deutsche Bank Aktiengesellschaft, Filiale New York 17,915.40 Deutsche Bank Aktiengesellschaft, Filiale New York 17,915.40 Deutsche Bank Aktiengesellschaft, Filiale New York 503,080.02 DB UK Bank Limited 12,062.30 2,744,174.85 2600 P-663 02RS08240096 Deutsche Bank Aktiengesellschaft, Filiale London 39,812.00 02RS08240096 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 8,962.36 1,727,150.63 2601 P-664 02RS08280225 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 8,962.36 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 14,724.34 Deutsche Bank (Malaysia) Berhad (2,652.12) 86,318.43 2605 P-668 02RS08280314 Deutsche Bank (Malaysia) Berhad 4,277.10 Deutsche Bank (Malaysia) Berhad 27,435.07 1,457,342.41 2606 P-669 02RS08280316 Deutsche Bank (Malaysia) Berhad 10,394.01 552,126.59 2607 P-670 02RS08280313 Deutsche Bank (Malaysia) Berhad 9,842.51 522,831.08 2608 P-671 02RS08280311 Deutsche Bank Aktiengesellschaft, Filiale London 100,236.03 5,292,497.47 2616 P-677 02RS09030271 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 127,556.94 6,882,431.65 2621 P-680 02RS09050136 Deutsche Bank Aktiengesellschaft, Filiale Singapur 3,649.43 192,950.25 2622 P-681 02RS09060097 Deutsche Bank Aktiengesellschaft, Filiale Singapur 82,194.70 4,345,743.93 2623 P-682 02RS09060102 Deutsche Bank Aktiengesellschaft, Filiale Singapur 390,867.09 20,646,014.01 2624 P-683 02RS09070042 Deutsche Bank Aktiengesellschaft, Filiale Singapur 158,182.60 8,534,862.40 2625 P-684 02RS09070043 Deutsche Bank Aktiengesellschaft, Filiale Singapur 17,915.40 966,639.02 2626 P-685 02RS09070044 Deutsche Bank Aktiengesellschaft, Filiale Singapur 80,156.62 4,318,200.64 2642 P-698 02RS09180048 Deutsche Bank Aktiengesellschaft, Filiale Singapur 404,667.77 21,800,278.29 2643 P-699 02RS09180047 Deutsche Bank Aktiengesellschaft, Filiale Singapur 3,649.43 196,602.24 2644 P-700 02RS09180049 Deutsche Bank (Malaysia) Berhad (1,069.28) 172,811.81 2647 P-703 02RS09190075 Deutsche Bank (Malaysia) Berhad 4,277.10 Deutsche Bank (Malaysia) Berhad 7,172.76 386,411.21 2648 P-704 02RS09190076 Deutsche Bank Americas Holding Corp. 68.16 3,671.92 2649 P-705 02RS09190198 Deutsche Bank (Malaysia) Berhad 27,406.15 1,476,425.21 2659 P-715 02RS09250167 Deutsche Bank Aktiengesellschaft, Filiale London 1,072,599.17 91,810,358.66 2666 P-573 02RS09240222 Deutsche Bank Aktiengesellschaft, Filiale London 43,129.66 Deutsche Bank Aktiengesellschaft, Filiale London 587,177.24 Deutsche Bank Aktiengesellschaft, Filiale New York 40,118.57 2,161,269.21 2703 P-690 02RS09170201 Deutsche Asia Pacific Holdings Pte. Ltd. 11,862.94 2,504,706.77 2711 P-711 02RS09070158 Deutsche Asia Pacific Holdings Pte. Ltd. 11,862.94 Deutsche Asia Pacific Holdings Pte. Ltd. 11,334.66 Deutsche Asia Pacific Holdings Pte. Ltd. 11,360.95 Total for the 3rd Quarter of CY 2012 19,878,833.20 P1,044,863,441.53 FOURTH QUARTER OF CY 2012 Deutsche Bank Aktiengesellschaft, Filiale London 320,883.81 P19,456,675.09 2672 P-863 02RS10010216 Deutsche Bank Aktiengesellschaft, Filiale London 29,410.66 Deutsche Bank Aktiengesellschaft, Filiale London 3,326.64 Deutsche Bank Aktiengesellschaft, Filiale London 8,957.70 Deutsche Bank Trust Company National Association 44.45 28,820,953.81 2673 P-864 02RS10010260 Deutsche Bank Aktiengesellschaft, Filiale New York 34,209.77 Deutsche Bank Aktiengesellschaft, Filiale New York 29.63 Deutsche Bank Aktiengesellschaft, Filiale New York 502,800.06 DB UK Bank Limited 12,049.16 647,856.58 2676 P-867 02RS10020244 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 668,961.37 60,099,346.64 2679 P-870 02RS10030194 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 7,930.20 Deutsche Bank Aktiengesellschaft, Filiale Hongkong (1,281.72) Deutsche Bank Aktiengesellschaft, Filiale Hongkong 388,273.78 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 7,930.20 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 47,062.52 Deutsche Bank Aktiengesellschaft, Filiale Singapur 158,066.17 8,490,369.42 2680 P-871 02RS10040043 Deutsche Bank Aktiengesellschaft, Filiale Singapur 17,915.40 962,308.15 2681 P-872 02RS10040045 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 127,442.15 6,866,811.17 2689 P-880 02RS10040274 Deutsche Securities, Inc. 445,452.55 48,840,802.41 2705 P-890 02RS10100132 Deutsche Securities, Inc. 8,587.75 Deutsche Securities, Inc. 450,660.31 Deutsche Securities, Inc. 8,640.94 Deutsche Securities, Inc. 140,000.53 22,459,522.03 2706 P-891 02RS10100134 Deutsche Securities, Inc. 140,000.53 Deutsche Securities, Inc. 140,000.53 Deutsche Bank Aktiengesellschaft, Filiale London 3,468.58 849,455.57 2710 P-893 02RS10100301 Deutsche Bank Aktiengesellschaft, Filiale London 12,395.30 Deutsche Bank Aktiengesellschaft, Filiale New York 17,915.40 963,012.77 2724 P-905 02RS10110206 Deutsche Bank Aktiengesellschaft, Filiale London 77,349.41 4,151,321.18 2726 P-907 02RS10120209 Deutsche Bank Aktiengesellschaft, Filiale London 1,901,545.14 102,191,697.99 2727 P-908 02RS10150253 Deutsche Bank Aktiengesellschaft, Filiale New York 41,093.24 2,219,023.04 2734 P-915 02RS10160232 Deutsche Bank Aktiengesellschaft, Filiale London 2,376.16 128,311.95 2741 P-722 02RS10160231 Deutsche Bank Aktiengesellschaft, Filiale New York 17,915.40 964,040.57 2748 P-724 02RS10220255 Deutsche Bank Aktiengesellschaft, Filiale London 43,129.66 2,802,858.35 2749 P-725 02RS10220244 Deutsche Bank Aktiengesellschaft, Filiale London 8,957.70 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 5,769.73 310,473.33 2751 P-928 56RH10230084 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 231.09 12,435.12 2752 P-929 56RH10230083 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 21.01 1,130.56 2753 P-930 56RH10230082 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 5,590.38 300,822.38 2755 P-932 56RH10230075 Deutsche Bank Aktiengesellschaft, Filiale New York 33,188.06 1,781,919.94 2760 P-935 02RS10250011 Deutsche Bank Aktiengesellschaft, Filiale New York 45.35 Deutsche Bank Americas Holding Corp. 68.64 3,680.36 Deutsche Bank Aktiengesellschaft, Filiale London 586,729.36 31,459,448.45 2761 P-728 02RS10240173 Deutsche Asia Pacific Holdings Pte. Ltd. 11,347.80 1,215,188.68 2766 P-732 02RS10250137 Deutsche Asia Pacific Holdings Pte. Ltd. 11,315.88 DB UK Bank Limited 11,210.54 596,683.28 2773 P-737 02RS10250180 Deutsche Bank Aktiengesellschaft, Filiale London 29,410.66 57,250,842.96 Deutsche Bank Aktiengesellschaft, Filiale London 1,046,223.41 Deutsche Bank (Malaysia) Berhad 4,277.10 224,525.72 2778 P-940 02RS10290297 Deutsche Bank (Malaysia) Berhad 7,172.76 376,532.96 2779 P-941 02RS10290296 Deutsche Bank (Malaysia) Berhad 26,585.24 1,417,936.00 2780 P-741 02RS10290295 Deutsche Bank Aktiengesellschaft, Filiale New York 480,010.39 25,326,529.00 2789 P-748 02RS11050024 Deutsche Bank Aktiengesellschaft, Filiale New York 17,915.40 943,871.42 2791 P-750 02RS11050390 Deutsche Bank Aktiengesellschaft, Filiale Singapur 164,071.53 8,660,801.21 2792 P-751 02RS11070051 Deutsche Bank Aktiengesellschaft, Filiale Singapur 17,915.40 943,139.75 2793 P-752 02RS11070049 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 130,127.57 6,869,010.21 2794 P-753 02RS11070050 Deutsche Bank Aktiengesellschaft, Filiale Singapur 4,051.46 213,863.37 2796 P-944 02RS11070117 Deutsche Bank Aktiengesellschaft, Filiale Singapur 931,822.37 49,187,865.19 2797 P-945 02RS11070116 Deutsche Bank Aktiengesellschaft, Filiale Singapur 6,101.79 319,660.64 2798 P-946 02RS11080057 Deutsche Securities, Inc. 37,843.42 120,840,706.73 2799 P-947 02RS11120138 Deutsche Securities, Inc. 472,270.39 Deutsche Securities, Inc. 29,423.81 Deutsche Securities, Inc. 433,384.58 Deutsche Securities, Inc. 8,486.68 Deutsche Securities, Inc. 145,582.12 Deutsche Securities, Inc. 375,058.08 Deutsche Securities, Inc. 8,567.35 Deutsche Securities, Inc. (56,541.80) Deutsche Securities, Inc. 374,959.56 Deutsche Securities, Inc. 8,723.83 Deutsche Securities, Inc. (685.83) Deutsche Securities, Inc. 427,122.58 Deutsche Securities, Inc. 8,558.83 Deutsche Securities, Inc. 41,921.78 Deutsche Bank Aktiengesellschaft, Filiale London 1,056,092.31 55,653,762.46 2806 P-759 02RS11150158 Deutsche Bank Aktiengesellschaft, Filiale New York 17,915.40 27,101,083.89 2812 P-765 02RS11160274 Deutsche Bank Aktiengesellschaft, Filiale New York 17,915.40 Deutsche Bank Aktiengesellschaft, Filiale New York 480,010.39 DB UK Bank Limited 11,210.54 589,136.09 2814 P-766 02RS11160262 Deutsche Bank Aktiengesellschaft, Filiale London 43,129.66 33,250,978.42 Deutsche Bank Aktiengesellschaft, Filiale London 580,638.13 Deutsche Bank Aktiengesellschaft, Filiale London 8,957.70 Deutsche Bank Aktiengesellschaft, Filiale Singapur 17,915.40 945,695.56 2820 P-771 02RS11200127 Deutsche Bank Aktiengesellschaft, Filiale Singapur 164,071.53 8,637,394.75 2821 P-772 02RS11200128 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 130,127.57 6,850,446.21 2823 P-774 02RS11200130 Deutsche Bank Aktiengesellschaft, Filiale London 195,165.76 10,245,197.30 2826 P-777 02RS11200272 Deutsche Bank Aktiengesellschaft, Filiale New York 34,006.25 1,785,152.99 2827 P-778 02RS11200271 Deutsche Bank (Malaysia) Berhad 26,585.24 1,395,588.19 2833 P-783 02RS11200146 Deutsche Bank (Malaysia) Berhad 4,277.10 228,121.10 2834 P-784 02RS11200141 Deutsche Bank (Malaysia) Berhad 7,172.76 382,562.45 2835 P-785 02RS11200140 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 14,867.95 784,384.43 2845 P-952 02RS11210103 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 8,378.30 442,011.71 2846 P-794 02RS11210102 Deutsche Bank Aktiengesellschaft, Filiale Jakarta 14,796.15 780,596.50 2847 P-953 02RS11210101 Deutsche Bank Aktiengesellschaft, Filiale Taipei 4,660.72 2,610,704.76 2850 P-797 02RS11220228 Deutsche Bank Aktiengesellschaft, Filiale Taipei 4,660.67 Deutsche Bank Aktiengesellschaft, Filiale Taipei 4,660.67 Deutsche Bank Aktiengesellschaft, Filiale Taipei 4,603.76 Deutsche Bank Aktiengesellschaft, Filiale Taipei 4,603.76 Deutsche Bank Aktiengesellschaft, Filiale Taipei 4,603.76 Deutsche Bank Aktiengesellschaft, Filiale Taipei 4,368.93 Deutsche Bank Aktiengesellschaft, Filiale Taipei 4,368.93 Deutsche Bank Aktiengesellschaft, Filiale Taipei 4,368.93 Deutsche Bank Aktiengesellschaft, Filiale Taipei 4,193.70 Deutsche Bank Aktiengesellschaft, Filiale Taipei 4,193.70 Deutsche Bank Aktiengesellschaft, Filiale London 2,686,149.52 142,282,304.73 2851 P-954 02RS11220217 Deutsche Bank Aktiengesellschaft, Filiale New York 17,915.40 3,412,927.23 2855 P-801 02RS11230269 Deutsche Bank Aktiengesellschaft, Filiale New York 46,247.80 Deutsche Asia Pacific Holdings Pte. Ltd. 11,315.88 601,906.93 2858 P-803 02RS11230091 Deutsche Bank Aktiengesellschaft, Filiale London 908,945.00 48,256,008.21 2861 P-805 02RS11270002 Deutsche Bank Aktiengesellschaft, Filiale New York 27.30 1,449.36 2862 P-806 02RS11260213 Deutsche Bank Aktiengesellschaft, Filiale London 12,080.40 2,031,390.83 2863 P-807 02RS11260201 Deutsche Bank Aktiengesellschaft, Filiale London 26,182.66 Deutsche Bank Aktiengesellschaft, Filiale Ho-Chi-Minh-City 5,769.73 306,315.72 2865 P-809 56RH11270010 Deutsche Bank Aktiengesellschaft, Filiale London 29,410.66 1,703,880.67 2878 P-821 02RS12040389 Deutsche Bank Aktiengesellschaft, Filiale London 2,376.16 Deutsche Bank (Suisse) SA 8,564.80 459,102.14 2879 P-958 02RS12040345 Deutsche Bank (Suisse) SA 8,413.91 451,013.93 2880 P-822 02RS12040344 Deutsche Bank (Suisse) SA 8,413.91 451,013.93 2881 P-823 02RS12040342 Deutsche Bank (Suisse) SA 8,564.80 459,102.14 2882 P-959 02RS12040341 Deutsche Bank Aktiengesellschaft, Filiale Singapur 4,088.80 218,525.88 2883 P-824 02RS12050129 Deutsche Bank Aktiengesellschaft, Filiale Singapur 428,355.94 22,893,478.93 2884 P-825 02RS12060054 Deutsche Bank Aktiengesellschaft, Filiale Singapur 29,705.45 1,587,607.48 2885 P-826 02RS12060056 Deutsche Bank Aktiengesellschaft, Filiale New York 24.27 1,285.99 2886 P-827 02RS12060224 Deutsche Bank (Malaysia) Berhad 7,101.60 375,213.89 2889 P-830 02RS12070098 Deutsche Bank (Malaysia) Berhad 4,277.10 225,981.09 2890 P-831 02RS12070097 Deutsche Securities, Inc. 130,818.29 20,948,987.19 2892 P-960 02RS12100079 Deutsche Securities, Inc. 132,901.95 Deutsche Securities, Inc. 132,777.15 Deutsche Securities, Inc. 129,935.89 13,730,356.68 2893 P-833 02RS12100077 Deutsche Securities, Inc. 129,935.89 Deutsche Bank Aktiengesellschaft, Filiale New York 480,010.39 2,747,792.33 2895 P-835 02RS12100123 Deutsche Bank Aktiengesellschaft, Filiale New York (60,774.51) Deutsche Bank Aktiengesellschaft, Filiale New York (367,392.61) DB UK Bank Limited 11,210.54 345,083.86 2898 P-838 02RS12110094 Deutsche Bank Aktiengesellschaft, Filiale London 8,957.70 Deutsche Bank Aktiengesellschaft, Filiale London (13,674.26) Deutsche Bank Aktiengesellschaft, Filiale New York 17,915.40 955,981.33 2899 P-839 02RS12110089 Deutsche Bank (Suisse) SA 8,413.91 448,973.56 2900 P-840 02RS12110088 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 130,127.57 488,042.79 2903 P-842 02RS12120049 Deutsche Bank Aktiengesellschaft, Filiale Hongkong (120,981.49) Deutsche Bank Aktiengesellschaft, Filiale Singapur 525,842.70 29,003,857.99 2904 P-843 02RS12120050 Deutsche Bank Aktiengesellschaft, Filiale Singapur 28,489.23 Deutsche Bank Aktiengesellschaft, Filiale Singapur 164,071.53 Deutsche Bank Aktiengesellschaft, Filiale Singapur 17,915.40 Deutsche Bank Aktiengesellschaft, Filiale Singapur (143,018.03) Deutsche Bank Aktiengesellschaft, Filiale Singapur (49,759.13) DB UK Bank Limited (5,471.37) (294,002.37) 2913 P-851 02RS12120086 Deutsche Bank Aktiengesellschaft, Filiale London 1,523,477.43 168,960,404.90 Deutsche Bank Aktiengesellschaft, Filiale London 569,709.73 Deutsche Bank Aktiengesellschaft, Filiale London 1,051,157.86 Deutsche Bank Aktiengesellschaft, Filiale New York 38,514.71 2,069,576.01 2914 P-852 02RS12120085 Deutsche Bank Aktiengesellschaft, Filiale Singapur 4,088.80 219,710.40 2915 P-853 02RS12130058 Deutsche Bank Americas Holding Corp. 72.81 3,920.71 2921 P-859 02RS12130111 Deutsche Securities, Inc. 410,798.37 44,029,462.46 2924 P-963 02RS12140032 Deutsche Securities, Inc. 8,964.14 Deutsche Securities, Inc. 224.39 Deutsche Securities, Inc. 368,029.27 Deutsche Securities, Inc. 9,044.39 Deutsche Securities, Inc. 20,594.59 Deutsche Bank Aktiengesellschaft, Filiale London 43,129.66 2,330,524.98 2929 P-968 02RS12140106 Deutsche Bank Aktiengesellschaft, Filiale New York 31,525.68 1,707,590.11 2937 P-976 02RS12180013 Deutsche Bank Americas Holding Corp. 60.76 Deutsche Bank (Malaysia) Berhad 26,585.24 79,109.96 2938 P-977 02RS12170083 Deutsche Bank (Malaysia) Berhad (25,121.89) Deutsche Bank Aktiengesellschaft, Filiale Ho-Chi-Minh-City 5,769.73 311,916.03 2940 P-717 56RH12180017 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 408,448.47 67,914,708.62 2942 P-719 02RS12190087 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 7,930.20 Deutsche Bank Aktiengesellschaft, Filiale Hongkong (1,691.82) Deutsche Bank Aktiengesellschaft, Filiale Hongkong 374,171.68 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 8,009.27 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 18,845.66 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 403,167.84 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 7,890.67 Deutsche Bank Aktiengesellschaft, Filiale Hongkong 23,864.19 Total for the 4th Quarter of CY 2012 25,401,345.51 P1,352,574,757.41 GRAND TOTAL 88,848,985.45 P4,825,937,556.72 On the other hand, petitioner's declared sales in the amount of P462,519.66 (equivalent to 8,710.40), shall be denied VAT zero-rating due to the following reasons: CUSTOMER'S NAME Amount Collected in Euro as reflected in related Invoices attached to the Official Receipts (O.R.) Peso Equivalent O.R. No. Amount per Inward Remittance Amount of Sales Disallowed in Euro Amount of Sales Disallowed in Phil. Peso a. Over-claimed Zero-rated Sales (Amount per Inward Remittance is lower than the claimed Zero-rated Sales) Second Quarter of CY 2012 Deutsche Bank (Malaysia) Berhad 4,349.70 Deutsche Bank (Malaysia) Berhad 4,349.70 Deutsche Bank (Malaysia) Berhad 4,436.11 Deutsche Bank (Malaysia) Berhad 4,451.31 Deutsche Bank (Malaysia) Berhad 4,815.61 22,402.43 P1,198,177.39 101 2426 102 17,586.82 103 4,815.61 P257,559.34 104 b. Supported by Zero-rated VAT Official Receipt but no date was indicated Third Quarter of CY 2012 Deutsche Bank Aktiengesellschaft, Filiale Singapur 3,894.79 204,960.32 105 2473 106 3,894.79 107 3,894.79 204,960.32 Total 8,710.40 P462,519.66 Moreover, a comparison of the amounts of zero-rated sales as declared in petitioner's Quarterly VAT Returns 108 against the VAT zero-rated official receipts (ORs) per petitioner's Extracted Schedule of Zero-rated Sales 109 shows the following discrepancy of P2,877,833.33: HcDSaT Zero-Rated Sales per: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Quarterly VAT Returns P1,357,072,819.34 P2,216,508,365.74 P1,562,760,446.83 P1,952,650,030.93 P7,088,991,662.84 Official Receipts 1,357,247,291.96 2,216,933,947.01 1,559,282,560.15 1,952,650,030.39 7,086,113,829.51 Difference P(174,472.62) P(425,581.27) P3,477,886.68 P0.54 P2,877,833.33 Therefore, the amount of P2,877,833.33 which is not covered by VAT zero-rated official receipts shall also be denied VAT zero-rating. The rest of petitioner's declared zero-rated sales in the amount of P2,259,713,753.13, as computed below, shall likewise be denied VAT zero-rating for petitioner's failure to prove that the entities to whom it rendered services are non-resident foreign corporations doing business outside the Philippines. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Zero-Rated Sales per Returns P1,357,072,819.34 P2,216,508,365.74 P1,562,760,446.83 P1,952,650,030.93 P7,088,991,662.84 Less: Valid Zero-Rated Sales 963,228,031.37 1,465,271,326.41 1,044,863,441.53 1,352,574,757.41 4,825,937,556.72 Less: Exceptions per Court - 257,559.34 204,960.32 - 462,519.66 Disallowed Zero-Rated Sales P393,844,787.97 P750,979,479.99 P517,692,044.98 P600,075,273.52 P2,262,591,586.46 Less: Sales Not covered by OR (174,472.62) (425,581.27) 3,477,886.68 0.54 2,877,833.33 Remaining Disallowed Zero-Rated Sales P394,019,260.59 P751,405,061.26 P514,214,158.30 P600,075,272.98 P2,259,713,753.13 Petitioner had input VAT attributable to its zero-rated sales After having resolved that petitioner had valid VAT zero-rated sales for the four quarters of CY 2012 in the amount of P4,825,937,556.72, The Court shall now proceed to determine whether petitioner incurred input taxes in connection therewith. In its Quarterly VAT Returns 110 for the four quarters of CY 2012, petitioner declared a total amount of P148,152,889.37 input VAT arising from its purchases of capital goods not exceeding P1Million, current purchases of capital goods exceeding P1Million, domestic purchases of goods other than capital goods, domestic purchases of services, and services rendered by non-residents, of which the claimed amount of P147,159,034.53 111 was derived at as follows: Current Purchases: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Purchases of capital goods not exceeding P1Million P166,601.26 P70,175.48 P0.00 P31,701.58 P268,478.32 Purchases of capital goods exceeding P1Million 144,774.43 519,095.86 814,897.50 4,783,826.41 6,262,594.20 Domestic purchases of goods other than capital goods 847,798.62 488,704.70 379,846.14 321,161.46 2,037,510.92 Domestic purchases of services 33,883,221.61 32,207,086.21 37,326,391.45 31,091,956.87 134,508,656.14 Services rendered by non-resident 597,339.55 1,503,184.93 2,102,947.26 872,178.05 5,075,649.79 Total input VAT on current purchases (a) P35,639,735.47 P34,788,247.18 P40,624,082.35 P37,100,824.37 P148,152,889.37 Ratio of Zero-rated sales: Zero-rated Sales (b) P1,357,072,819.34 P2,216,508,365.74 P1,562,760,446.83 P1,952,650,030.93 P7,088,991,662.84 Total Sales (c) 1,368,447,968.84 2,227,402,782.07 1,575,121,134.91 1,963,693,771.10 7,134,665,656.92 Percentage of zero-rated sales against total sales (d=b/c) 99.17% 99.51% 99.22% 99.44% Claim amount apportioned to zero-rated sales (a x d) P35,343,482.10 P34,618,094.91 P40,305,268.80 P36,892,170.72 P147,159,034.53 112 In support of its input VAT on purchases of capital goods not exceeding P1Million, domestic purchases of goods other than capital goods, domestic purchases of services, and services rendered by non-residents amounting to P141,890,295.17, 113 petitioner presented its Schedule of Purchases for the four quarters of CY 2012, 114 and the related supporting invoices, official receipts, BIR Forms No. 1600 and other documents, 115 which were all examined by the ICPA. In her Report, the ICPA noted the following exceptions: 116 ASTcaE FINDINGS Reference Exhibit P-31 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total PURCHASE OF GOODS 1. Purchase of goods supported by VAT REG. TIN Invoices with incorrect Petitioner's TIN NUMBER Annex 9 3Q-f P- P- P4,950.00 P- P4,950.00 2. Purchase of goods supported by VAT REG. TIN Invoices but unclear Petitioner's TIN Annex 9 1Q-g 8,839.90 - - - 8,839.90 3. Purchase of goods supported by VAT REG. TIN Invoices without VAT breakdown Annex 9 3Q-h Annex 9 4Q-h - - 9,634.61 657.16 10,291.77 4. Purchase of goods supported by TIN NO. VAT/VAT REG. TIN Invoices not dated within the year of claim Annex 9 1Q-i 98,254.97 - - - 98,254.97 5. Purchase of goods supported by TIN NO. VAT/VAT REG. TIN/REG. VAT TIN Invoices without the Petitioner's TIN Annex 9 1Q-j Annex 9 2Q-j Annex 9 3Q-j 457,805.71 91,486.06 75,872.17 - 625,163.94 6. Purchase of goods supported by documents other than VAT Invoices Annex 9 1Q-k Annex 9 2Q-k Annex 9 3Q-k Annex 9 4Q-k 160,173.38 172,232.40 106,342.11 185,048.40 623,796.29 7. Purchase of goods supported by photocopied Invoices Annex 9 2Q-l - 43,321.37 - - 43,321.37 8. Purchase of goods without supporting documents - 14,077.87 - - 14,077.87 Subtotal P725,073.96 P321,117.70 P196,798.89 P185,705.56 P1,428,696.11 PURCHASE OF SERVICES 1. Purchase of services supported by VAT REG. TIN ORs without Petitioner's name indicated Annex 9 2Q-m P- P6,730.22 P- P- P6,730.22 2. Purchase of services supported by undated VAT REG. TIN ORs Annex 9 1Q-n Annex 9 2Q-n Annex 9 4Q-n 20,095.78 8,780.39 - 2,348,617.50 2,377,493.67 3. Purchase of services supported by VAT REG. TIN ORs with incorrect Petitioner's name Annex 9 3Q-o - - 30,444.33 - 30,444.33 4. Purchase of services supported by TIN NO. VAT ORs with VAT amount written on computer generated OR Annex 9 3Q-p - 12,321.43 - - 12,321.43 5. Purchase of services supported by VAT REG. TIN ORs with Petitioner's TIN written on computer generated ORs Annex 9 3Q-q - 1,516,929.00 - - 1,516,929.00 6. Purchase of services supported by VAT REG. TIN ORs with unreadable Petitioner's TIN Annex 9 1Q-r Annex 9 4Q-r 6,575.41 - - 12,095.64 18,671.05 7. Purchase of services supported by TIN NO. VAT/VAT REG. TIN ORs not within the year of claim Annex 9 1Q-s Annex 9 4Q-s 74,326.05 - - 1,342,773.19 1,417,099.24 8. Purchase of services supported by TIN NO. VAT/VAT REG. TIN/VAT REG. ORs without Petitioner's TIN Annex 9 1Q-t Annex 9 2Q-t Annex 9 3Q-t Annex 9 4Q-u 3,032,568.25 2,313,001.47 1,896,420.59 493,120.15 7,735,110.46 9. Purchase of services supported by TIN NO. VAT/VAT REG. TIN/VAT REG. ORs with incorrect Petitioner's TIN Annex 9 1Q-u Annex 9 2Q-u Annex 9 3Q-u Annex 9 4Q-u 32,403.24 79,037.94 26,064.56 269,264.03 406,769.77 10. Purchase of services supported by TIN NO. VAT/VAT REG. TIN/VAT REG. ORs without VAT breakdown Annex 9 1Q-v Annex 9 2Q-v Annex 9 3Q-v Annex 9 4Q-v 1,526,921.22 2,384,956.29 1,056,255.67 1,727,721.82 6,695,855.00 11. Purchase of services supported by TIN NO. VAT/VAT REG. TIN/VAT REG. ORs with unreadable date Annex 9 1Q-w Annex 9 2Q-w Annex 9 3Q-w 290.85 58.78 912.94 - 1,262.57 12. Purchase of services supported by TIN NO. VAT/VAT REG. TIN/VAT REG. ORs with overstated VAT amount claimed - - - - - 13. Purchase of services supported by documents other than VAT ORs Annex 9 1Q-x Annex 9 2Q-x Annex 9 3Q-x Annex 9 4Q-x 3,232,767.63 502,241.76 239,822.50 1,922,541.49 5,897,373.38 14. Purchase of services supported by Certified True Copy documents other than VAT ORs Annex 9 1Q-y Annex 9 2Q-y Annex 9 3Q-y Annex 9 4Q-y 14,325.61 1,092.00 80,718.66 22,088.49 118,224.76 15. Purchase of services supported by Photocopied VAT ORs Annex 9 2Q-z - 20,000.15 - - 20,000.15 16. Purchase of services without supporting documents (33,992.60) 905,554.46 2,243,165.71 1,134,182.50 4,248,910.07 Subtotal P7,906,281.44 P7,750,703.89 P5,573,804.96 P9,272,404.81 P30,503,195.10 PURCHASE OF CAPITAL GOODS NOT EXCEEDING ONE (1) MILLION 1. Purchase of capital goods not exceeding one million supported with Invoices but without Supplier's TIN number Annex 9 2Q-aa Annex 9 4Q-aa P- P36,710.33 P- P25,605.15 P62,315.48 2. Purchase of capital goods not exceeding one million supported with VAT REG. TIN NO. Invoices not dated within the year of claim Annex 9 1Q-ab 126,801.54 - - - 126,801.54 Subtotal P126,801.54 P36,710.33 P- P25,605.15 P189,117.02 TOTAL P8,758,156.94 P8,108,531.92 P5,770,603.85 P9,483,715.52 P32,121,008.23 The above exceptions found by the ICPA in the amount of P32,121,008.23 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), 237 and 238 of the NIRC of 1997, as amended, in relation to Sections 4.110-2, 4.110-8 and 4.113-1 of Revenue Regulations (RR) No. 16-05, as amended. Further verification of the ICPA report, together with the supporting documents, reveals that the additional input VAT of P3,328,743.73, should likewise be disallowed for the reasons stated below: Exhibit Registered Name of Supplier O.R. Number O.R. Date Input VAT per Claim Input VAT per Official Receipt Disallowed Input VAT A. Input VAT on domestic purchases of services supported by Official Receipts but the amount of Input VAT claim is not separately indicated P64,894.62 SECOND QUARTER OF CY 2012 P-2699 MGE UPS Systems Phils., Inc. 10506 9-May-12 P59,865.18 - P59,865.18 Subtotal 2nd Quarter of CY 2012 P59,865.18 - P59,865.18 THIRD QUARTER OF CY 2012 P-3817 FTL Hotels, Inc. 13874 17-Oct-12 P2,514.72 - P2,514.72 P-3818 FTL Hotels, Inc. 13868 17-Oct-12 2,514.72 - 2,514.72 Subtotal 3rd Quarter of CY 2012 P5,029.44 - P5,029.44 TOTAL P64,894.62 - P64,894.62 B. Input VAT on purchases of services supported by Official Receipts wherein the amount of claim is more than the amount reflected in the Official Receipts P3,114,639.59 FIRST QUARTER OF CY 2012 P-1099 Asia Select, Inc. 7066 18-Jan-12 P168.59 P165.57 P3.02 P-1100 Asia Select, Inc. 7064 18-Jan-12 1,435.22 1,409.59 25.63 P-1101 Asia Select, Inc. 7080 25-Jan-12 2,423.52 2,380.24 43.28 P-1102 Asia Select, Inc. 7091 1-Feb-12 2,547.48 2,501.98 45.50 P-1103 Asia Select, Inc. 7092 1-Feb-12 2,402.62 2,359.71 42.91 P-1104 Asia Select, Inc. 7111 8-Feb-12 1,617.60 1,588.71 28.89 P-1105 Asia Select, Inc. 7131 15-Feb-12 940.41 923.61 16.80 P-1106 Asia Select, Inc. 7132 15-Feb-12 2,842.84 2,792.07 50-77 P-1107 Asia Select, Inc. 7183 7-Mar-12 6,686.34 6,567.47 118.87 P-1108 Asia Select, Inc. 7194 14-Mar-12 2,187.72 2,148.65 39.07 P-1109 Asia Select, Inc. 7257 4-Apr-12 1,823.16 1,790.60 32.56 P-1110 Asia Select, Inc. 7252 4-Apr-12 1,097.01 1,077.42 19.59 P-1111 Asia Select, Inc. 7253 4-Apr-12 2,421.72 2,378.47 43.25 P-1115 BAYANTEL 866868 29-Feb-12 182.04 178.79 3.25 P-1116 BAYANTEL 847221 18-Jan-12 182.04 178.79 3.25 P-1117 BAYANTEL 847219 18-Jan-12 182.04 178.79 3.25 P-1119 BAYANTEL 866871 29-Feb-12 182.04 178.79 3.25 P-1120 BAYANTEL 872920 21-Mar-12 182.04 178.79 3.25 P-1121 BAYANTEL 847218 18-Jan-12 19,200.00 18,857.14 342.86 P-1124 BAYANTEL 873000 28-Mar-12 19,200.00 3,142.86 16,057.14 P-1126 BAYANTEL 866874 29-Feb-12 170.29 167.25 3.04 P-1127 BAYANTEL 866873 29-Feb-12 182.04 178.79 3.25 P-1128 BAYANTEL 872917 21-Mar-12 182.04 178.79 3.25 P-1129 BAYANTEL 866870 29-Feb-12 182.04 178.79 3.25 P-1130 BAYANTEL 872916 21-Mar-12 182.04 178.79 3.25 P-1132 BAYANTEL 866869 29-Feb-12 182.04 178.79 3.25 P-1133 BAYANTEL 872918 21-Mar-12 182.04 178.79 3.25 P-1134 BAYANTEL 847220 18-Jan-12 2,309.19 2,267.95 41.24 P-1137 BAYANTEL 866872 29-Feb-12 182.04 178.79 3.25 P-1138 BAYANTEL 872997 28-Mar-12 182.04 29.80 152.24 P-1161 Colliers International Philippines 13720 4-Apr-12 179,565.58 29,927.60 149,637.98 P-1162 Colliers International Philippines 13712 28-Mar-12 6,058.79 1,009.80 5,048.99 P-1190 Facilities Managers, Inc. 51889 21-Mar-12 21.09 14.07 7.02 P-1192 Facilities Managers, Inc. 51935 28-Mar-12 26.36 4.39 21.97 P-1197 Global City Car Lease & Transport Corp. 7196 25-Jan-12 2,083.71 2,046.50 37.21 P-1203 Global City Car Lease & Transport Corp. 7679 14-Mar-12 192.43 188.99 3.44 P-1218 Leaves & Branches Enterprises 3966 18-Jan-12 14,191.07 5,912.95 8,278.12 P-1219 Leaves & Branches Enterprises 3992 8-Feb-12 14,191.07 5,912.95 8,278.12 P-1220 Leaves & Branches Enterprises 5217 14-Mar-12 14,191.07 5,912.95 8,278.12 P-1237 No Ka Oi (Phils.) Intl, Inc. 23074 8-Feb-12 4,239.65 4,163.94 75.71 P-1238 No Ka Oi (Phils.) Int'l, Inc. 23381 29-Feb-12 4,239.65 4,163.94 75.71 P-1239 No Ka Oi (Phils.) Intl, Inc. 23507 21-Mar-12 4,239.65 4,163.94 75.71 P-1240 Papertone Corporation 614 15-Feb-12 446.79 4.91 441.88 P-1273 Reuters Limited 35972 18-Jan-12 1,300.05 216.68 1,083.37 P-1274 Reuters Limited 35945 29-Feb-12 43,942.94 7,323.82 36,619.12 P-1284 Salt & Light Ventures, Inc. 11106 22-Feb-12 15,240.00 1,676.40 13,563.60 P-1287 Schneider Electric Philippines 1891 1-Feb-12 17,678.57 17,362.88 315.69 P-1303 Taurus Electrical Services 15 1-Feb-12 68,638.39 67,412.71 1,225.68 P-1304 Taurus Electrical Services 14 1-Feb-12 2,587.50 2,541.30 46.20 P-1306 Taurus Electrical Services 25 21-Mar-12 3,000.00 2,946.43 53.57 P-1311 Tempo Services, Inc. 56329 25-Apr-12 1,292.26 215.38 1,076.88 P-1321 Wide Wide World Express Corp. 907171 18-Jan-12 1,112.25 1,098.85 13.40 P-1390 BAYANTEL 872919 21-Mar-12 182.04 178.79 3.25 P-1391 BAYANTEL 847222 18-Jan-12 182.04 178.79 3.25 P-1401 6-24 Property Holdings, Inc. 2506 7-Feb-12 2,264,525.85 220,786.96 1,980,820.85 (62,918.04) P-1413 Asia Select, Inc. 7182 7-Mar-12 807.31 4,806.59 87.40 1,559.64 2,527.04 P-1414 Asia Select, Inc. 7079 25-Jan-12 8,915.43 11,168.29 203.06 2,455.92 P-1415 Asia Select, Inc. 7065 18-Jan-12 2,728.32 5,312.80 96.60 1,823.16 857.92 P-1416 Asia Select, Inc. 7051 11-Jan-12 596.75 3,914.81 71.19 1,034.91 1,464.66 889.68 P-1417 Asia Select, Inc. 7052 11-Jan-12 3,682.56 12,020.50 218.57 2,639.32 5,917.19 P-1418 Asia Select, Inc. 7133 15-Feb-12 2,467.90 5,246.59 95.40 2,874.09 P-1420 Cedorada Glass & Aluminum Supplies 2276 18-Jan-12 1,285.71 9,953.94 49,769.62 1,178.57 4,086.43 48,857.14 4,315.71 P-1430 Facilities Managers, Inc. 51699 14-Mar-12 31.63 1,932.23 966.32 591.35 2,275.57 P-1431 Facilities Managers, Inc. 51700 14-Mar-12 1,995.30 1,491.78 746.05 31.63 21.09 189.81 P-1444 Facilities Managers, Inc. 51937 28-Mar-12 226.71 432.31 216.19 42.18 379.61 P-1445 Facilities Managers, Inc. 51936 28-Mar-12 21.09 2,421.62 1,211.07 31.63 42.18 73.81 147.63 63.27 210.90 3,042.18 P-1446 Facilities Managers, Inc. 51697 14-Mar-12 523.87 3,014.77 1,507.71 241.27 3,757.34 P-1475 Maxicare Healthcare Corp. 132494 14-Mar-12 2,958.83 2,759.94 91.75 (107.14) P-1478 Premium Security & Investigation Agency, Inc. 64327 18-Jan-12 55.71 6,609.35 120.16 72.55 26.38 6,574.87 P-1479 Premium Security & Investigation Agency, Inc. 64326 18-Jan-12 618.68 1,361.76 24.76 659.36 52.77 55.71 P-1501 Federal Phoenix Assurance 563065 29-Feb-12 241,027.72 4,017.13 237,010.59 P-1505 Taurus Electrical Services 18 22-Feb-12 33,013.80 32,424.27 589.53 P-1523 Innove AC 839 7-Mar-12 138.75 77,128.29 17,108.47 138.75 138.75 160.18 138.75 138.75 31,035.11 31,035.11 31,035.11 138.75 138.75 P-1543 ePLDT, Inc. 11069 25-Jan-12 235.71 231.51 4.20 P-1552 Fuji Xerox Philippines, Inc. 152617 8-Feb-12 12,095.64 11,879.65 215.99 P-1560 Headstrong Philippines, Inc. 1851 18-Jan-12 11,520.00 73,619.00 1,339.00 15,264.00 31,920.00 16,254.00 P-1561 Headstrong Philippines, Inc. 1858 8-Feb-12 58,800.00 71,186.00 1,294.00 13,680.00 P-1563 Headstrong Philippines, Inc. 1887 28-Mar-12 14,400.00 14,143.00 257.00 P-1572 BAYANTEL 866314 22-Feb-12 146.80 2,573.61 46.80 2,473.61 P-1595 Premium Security & Investigation Agency, Inc. 64497 15-Feb-12 683.77 1,286.29 23.40 625.92 P-1596 Premium Security & Investigation Agency, Inc. 64498 15-Feb-12 6,743.41 6,747.90 122.70 127.19 P-1624 Sofitel Philippine Plaza 78266 8-Feb-12 84.56 44,153.37 794.62 44,863.43 P-1592 Premium Security & Investigation Agency, Inc. 64328 18-Jan-12 26.38 25.92 420.46 420.00 P-1593 Premium Security & Investigation Agency, Inc. 64325 18-Jan-12 230.85 4,768.06 99.89 618.68 41.79 13.19 3,963.44 P-1460 Fuji Xerox Philippines, Inc. 154407 29-Feb-12 11,979.50 72,161.20 2,070.20 34,226.51 3,846.19 15,171.43 9,007.77 P-1451 Fuji Xerox Philippines, Inc. 152606 25-Jan-12 10,416.01 59,852.98 1,847.64 23,259.22 3,846.19 9,007.77 15,171.43 P-1452 Fuji Xerox Philippines, Inc. 150344 11-Jan-12 13,502.64 71,523.97 2,054.99 32,050.93 3,846.19 15,171.43 9,007.77 P-1529 DHL Express (Philippines) Corp. 1975649 21-Mar-12 676.00 140.64 675.80 81.66 58.78 P-1516 DHL Express (Philippines) Corp. 1972195 7-Mar-12 33.60 760.26 824.94 873.00 33.60 645.00 P-1353 DHL Express (Philippines) Corp. 1966096 22-Feb-12 33.60 33.60 684.00 684.00 P-1350 DHL Express (Philippines) Corp. 1950011 28-Feb-12 81.66 81.66 651.00 651.00 Subtotal 1st Quarter of CY 2012 P3,617,037.65 P1,061,246.08 P2,555,791.57 SECOND QUARTER OF CY 2012 P-2116 Global City Car Lease & Transport Corp. 7955 18-Apr-12 P909.00 P892.77 P16.23 P-2174 No Ka Oi (Phils.) Int'l, Inc. 23667 25-Apr-12 4,239.65 4,163.94 75.71 P-2185 Passion Cooks, Inc. 152 30-May-12 9,750.00 1,625.00 8,125.00 P-2198 Power Partners & General 544 9-May-12 125,400.00 123,160.70 2,239.30 P-2199 Power Partners & General 545 30-May-12 28,080.00 27,578.57 501.43 P-2200 Power Partners & General 547 13-Jun-12 23,880.00 23,453.57 426.43 P-2208 Premium Security & Investigation Agency, Inc. 65851 6-Jun-12 1,806.00 1,773.75 32.25 P-2221 PSEI Firesafety System 1311 27-Jun-12 7,302.96 1,217.16 6,085.80 P-2241 Recreational Management 20503 6-Jun-12 21,570.43 14,191.07 7,379.36 P-2330 Advanced Cleaning & Restoration Technologies, Inc. 2418 13-Jun-12 32,170.59 5,361.77 26,808.82 P-2336 Asia Select, Inc. 7254 4-Apr-12 3,098.42 3,043.09 55.33 P-2337 Asia Select, Inc. 7319 9-May-12 2,242.97 2,202.92 40.05 P-2338 Asia Select, Inc. 7267 18-Apr-12 2,314.08 2,272.75 41.33 P-2339 Asia Select, Inc. 7296 2-May-12 2,813.03 2,762.79 50.24 P-2340 Asia Select, Inc. 7344 16-May-12 2,610.18 2,563.56 46.62 P-2341 Asia Select, Inc. 7414 20-Jun-12 5,647.89 5,547.03 100.86 P-2342 Asia Select, Inc. 7417 20-Jun-12 1,678.06 1,648.10 29.96 P-2349 BAYANTEL 877838 25-Apr-12 182.04 178.79 3.25 P-2350 BAYANTEL 879152 13-Jun-12 182.04 178.79 3.25 P-2351 BAYANTEL 879182 27-Jun-12 182.04 178.79 3.25 P-2352 BAYANTEL 873384 9-May-12 182.04 178.79 3.25 P-2353 BAYANTEL 878698 23-May-12 182.04 178.79 3.25 P-2354 BAYANTEL 879184 27-Jun-12 182.04 178.79 3.25 P-2355 BAYANTEL 878692 23-May-12 19,200.00 18,857.14 342.86 P-2356 BAYANTEL 879185 27-Jun-12 19,200.00 18,857.14 342.86 P-2357 BAYANTEL 873385 9-May-12 182.04 178.79 3.25 P-2358 BAYANTEL 879151 13-Jun-12 182.04 178.79 3.25 P-2359 BAYANTEL 879183 27-Jun-12 182.04 178.79 3.25 P-2360 BAYANTEL 877836 25-Apr-12 182.04 178.79 3.25 P-2361 BAYANTEL 878697 23-May-12 182.04 178.71 3.33 P-2362 BAYANTEL 879181 27-Jun-12 182.04 178.79 3.25 P-2363 BAYANTEL 877837 25-Apr-12 182.04 178.79 3.25 P-2364 BAYANTEL 878696 23-May-12 182.04 178.71 3.33 P-2365 BAYANTEL 879180 27-Jun-12 182.04 178.79 3.25 P-2366 BAYANTEL 873383 9-May-12 182.04 178.79 3.25 P-2391 Colliers International Philippines 13958 23-May-12 179,565.58 29,927.60 149,637.98 P-2434 Exclusive Cars International 6974 23-May-12 5,229.64 4,192.00 1,037.64 P-2439 Facilities Managers, Inc. 52123 11-Apr-12 2,625.66 1,750.31 875.35 P-2440 Facilities Managers, Inc. 52121 11-Apr-12 1,344.89 896.53 448.36 P-2463 Hewlett-Packard Philippines 121198 18-Apr-12 26,064.56 47,780.75 4,348.37 26,064.56 P-2474 Maxicare Healthcare Corp. 143969 18-Jul-12 221.30 216.98 4.32 P-2483 Team Prima Badminton Center, Inc. 1259 11-Jul-12 1,460.36 455.00 2,275.00 1,269.64 P-2520 Headstrong Philippines, Inc. 1936 27-Jun-12 16,740.00 22,805.00 415.00 P-2520 Headstrong Philippines, Inc. 1936 27-Jun-12 6,480.00 P-2521 IBM Philippines, Inc. 19056 25-Apr-12 26,460.00 72,437.14 642.86 46,620.00 P-2522 Hewlett-Packard Philippines 122142 30-May-12 26,064.56 1,147.53 39,237.22 1,915.31 9,531.91 957.66 1,915.31 P-2539 BAYANTEL 877835 25-Apr-12 19,200.00 18,857.14 342.86 P-2626 Asia Select, Inc. 7415 20-Jun-12 1,889.76 5,207.87 94.69 748.32 1,025.28 1,639.20 P-2627 Asia Select, Inc. 7416 20-Jun-12 2,552.96 5,205.84 94.65 2,747.53 P-2628 Asia Select, Inc. 7346 16-May-12 1,051.64 5,608.05 101.96 2,811.81 1,846.56 P-2629 Asia Select, Inc. 7345 16-May-12 2,435.59 3,980.81 72.38 1,617.60 P-2630 Asia Select, Inc. 7299 2-May-12 724.94 3,267.45 59.42 2,601.93 P-2631 Asia Select, Inc. 7297 2-May-12 6,371.01 11,586.06 210.65 5,425.70 P-2632 Asia Select, Inc. 7295 2-May-12 1,088.04 2,899.87 52.73 1,864.56 P-2633 Asia Select, Inc. 7255 4-Apr-12 799.59 11,696.80 212.67 3,632.36 7,477.52 P-2634 Asia Select, Inc. 7256 4-Apr-12 2,354.60 3,933.09 71.51 1,650.00 P-2672 Career Management Consulting 182 4-Jul-12 20,610.00 18,401.20 2,208.80 P-2724 Businessworks, Inc. 3446 9-May-12 10,560.00 1,760.00 8,800.00 P-2728 L'Opera, Inc. 5282 3-Oct-12 4,714.29 281.50 4,432.79 P-2581 Fuji Xerox Philippines, Inc. 160185 30-May-12 4.09 69,988.18 2,036.84 31,716.06 12,279.48 15,171.43 3,846.19 9,007.77 Subtotal 2nd Quarter of CY 2012 P878,822.65 P608,316.00 P270,506.65 THIRD QUARTER OF CY 2012 P-3041 BAYANTEL 903365 22-Aug-12 P182.04 P178.79 P3.25 P-3042 BAYANTEL 896167 29-Aug-12 182.04 178.79 3.25 P-3043 BAYANTEL 902638 1-Aug-12 19,200.00 18,857.15 342.85 P-3044 BAYANTEL 904338 12-Sep-12 19,200.00 18,857.15 342.85 P-3045 BAYANTEL 896647 26-Jul-12 182.04 178.79 3.25 P-3046 BAYANTEL 896644 26-Jul-12 182.04 178.79 3.25 P-3047 BAYANTEL 904340 12-Sep-12 182.04 178.79 3.25 P-3048 BAYANTEL 915366 26-Sep-12 182.04 178.79 3.25 P-3049 BAYANTEL 896643 26-Jul-12 182.04 178.79 3.25 P-3050 BAYANTEL 903366 22-Aug-12 182.04 178.79 3.25 P-3051 BAYANTEL 915364 26-Sep-12 182.04 178.79 3.25 P-3052 BAYANTEL 896646 26-Jul-12 182.04 178.79 3.25 P-3053 BAYANTEL 903368 22-Aug-12 182.04 178.79 3.25 P-3054 BAYANTEL 915365 26-Sep-12 182.04 178.79 3.25 P-3055 BAYANTEL 895872 4-Jul-12 182.04 178.79 3.25 P-3056 BAYANTEL 896645 26-Jul-12 182.04 178.79 3.25 P-3057 BAYANTEL 903367 22-Aug-12 182.04 178.79 3.25 P-3059 Big Media Imaging Systems, Inc. 0234A 25-Jul-12 209.04 34.84 174.20 P-3063 Businessworks, Inc. 3496 26-Sep-12 5,850.00 975.00 4,875.00 P-3064 Businessworks, Inc. 3497 26-Sep-12 12,672.00 2,112.00 10,560.00 P-3084 Design Muscle, Inc. 312 3-Oct-12 7,200.00 7,071.43 128.57 P-3140 Global City Car Lease & Transport Corp. 8508 1-Aug-12 1,376.89 1,360.02 16.87 P-3141 Global City Car Lease & Transport Corp. 8524 15-Aug-12 7,588.39 7,535.18 53.21 P-3142 Global City Car Lease & Transport Corp. 8522 15-Aug-12 277.07 272.12 4.95 P-3143 Global City Car Lease & Transport Corp. 8523 15-Aug-12 7,267.61 7,229.11 38.50 P-3145 Global City Car Lease & Transport Corp. 8521 15-Aug-12 197.68 194.15 3.53 P-3147 Global City Car Lease &. Transport Corp. 8535 29-Aug-12 4,095.32 4,081.33 13.99 P-3149 Global City Car Lease & Transport Corp. 8550 19-Sep-12 370.29 363.67 6.62 P-3150 Global City Car Lease & Transport Corp. 8549 19-Sep-12 138.21 135.00 3.21 P-3151 Global City Car Lease &. Transport Corp. 8673 26-Sep-12 184.50 181.21 3.29 P-3207 No Ka Oi (Phils.) Int'l, Inc. 24377 23-Jul-12 4,239.65 4,163.94 75.71 P-3209 Papertone Corporation 1017 12-Sep-12 2,571.43 1,428.57 1,142.86 P-3210 Passion Cooks, Inc. 188 29-Aug-12 1,607.14 267.86 1,339.28 P-3409 Headstrong Philippines, Inc. 1983 26-Sep-12 31,920.00 232,688.30 4,230.70 36,960.00 34,440.00 21,120.00 21,120.00 16,800.00 19,200.00 6,120.00 4,860.00 18,900.00 17,874.00 7,605.00 P-3426 Asia Select, Inc. 7704 3-Oct-12 1,623.60 7,044.72 128.09 1,886.16 930.66 2,732.39 P-3427 Asia Select, Inc. 7705 3-Oct-12 719.03 3,706.30 67.40 472.57 2,582.10 P-3428 Asia Select, Inc. 7703 3-Oct-12 1,504.80 5,922.16 107.68 1,339.68 724.94 2,460.42 P-3429 Asia Select, Inc. 7602 5-Sep-12 1,483.20 3,869.72 70.36 1,649.57 807.31 P-3430 Asia Select, Inc. 7517 25-Jul-12 1,695.00 2,722.32 49.50 1,076.82 P-3431 Asia Select, Inc. 7556 15-Aug-12 2,377.37 3,693.80 67.17 1,383.60 P-3432 Asia Select, Inc. 7453 4-Jul-12 1,693.20 4,963.46 90.25 807.31 2,553.20 P-3480 BAYANTEL 915363 26-Sep-12 182.04 357.57 6.51 182.04 P-3481 BAYANTEL 895873 4-Jul-12 182.04 667.46 12.15 182.04 182.04 133.49 P-3482 BAYANTEL 904339 12-Sep-12 182.04 357.57 6.51 182.04 P-3541 Schneider Electric Philippines 2656 11-Jul-12 8,400.00 8,250.00 150.00 P-3542 Schneider Electric Philippines 2657 11-Jul-12 5,357.14 5,261.48 95.66 P-3701 Schneider Electric Philippines 2952 12-Sep-12 7,800.00 7,660.71 139.29 P-3702 Taurus Electrical Services 50 22-Aug-12 94,340.18 92,655.53 1,684.65 P-3225 Salt & Light Ventures, Inc. 11659 19-Sep-12 17,400.00 17,100.00 300.00 P-3255 Professional Skills Enrichment 67524 26-Sep-12 15,660.00 3,475.11 39,304.89 11,460.00 15,660.00 P-3256 Premium Security & Investigation Agency, Inc. 66989 12-Sep-12 6,703.84 440.61 6,263.23 P-3262 Premium Security & Investigation Agency, Inc. 66580 25-Jul-09 3,776.98 3,521.88 873.78 618.68 P-3384 Premium Security & Investigation Agency, Inc. 66195 18-Jul-12 6,663.16 113.95 6,549.21 P-3117 Excelsior Tours and Transport 769 12-Sep-12 7,200.00 7,058.57 141.43 P-3466 DHL Express (Philippines) Corp. 2115959 16-Sep-12 33.60 33.60 794.00 794.00 P-3468 DHL Express (Philippines) Corp. 2093820 12-Sep-12 2,521.00 2,616.98 1,198.00 3.60 58.78 33.60 1,198.00 P-3470 DHL Express (Philippines) Corp. 2084806 15-Aug-12 33.60 33.60 700.00 700.00 P-3472 DHL Express (Philippines) Corp. 2075927 25-Jul-12 33.60 33.60 1,958.00 1,958.00 P-3471 DHL Express (Philippines) Corp. 2075926 25-Jul-12 33.60 1,273.60 633.00 633.00 1,240.00 P-3473 DHL Express (Philippines) Corp. 2074533 18-Jul-12 33.60 33.60 810.00 810.00 Subtotal 3rd Quarter of CY2012 P578,963.48 P493,357.78 P85,605.70 FOURTH QUARTER OF CY 2012 P-3756 Asia Select, Inc. 7780 7-Nov-12 P1,869.92 P1,836.53 P33.39 P-3757 Asia Select, Inc. 7860 28-Nov-12 1,398.83 1,373.83 25.00 P-3758 Asia Select, Inc. 7864 28-Nov-12 1,086.54 1,067.13 19.41 P-3772 BAYANTEL 922738 14-Nov-12 19,200.00 18,857.15 342.85 P-3778 Businessworks, Inc. 3516 28-Nov-12 13,284.00 2,214.00 11,070.00 P-3792 Design Muscle, Inc. 335 19-Dec-12 2,280.00 2,239.29 40.71 P-3793 Design Muscle, Inc, 334 19-Dec-12 1,200.00 1,178.57 21.43 P-3821 Fuji Xerox Philippines, Inc. 154689 17-Oct-12 15,171.43 14,494.13 677.30 P-3823 Fuji Xerox Philippines, Inc. 169967 28-Nov-12 3,846.19 3,674.49 171.70 P-3825 Fuji Xerox Philippines, Inc. 169977 12-Dec-12 12,095.64 11,879.65 215.99 P-3830 Global City Car Lease & Transport Corp. 8976 28-Nov- 12 91.93 90.29 1.64 P-3834 Headstrong Philippines, Inc. 2037 26-Dec-12 5,712.00 5,610.00 102.00 P-3837 IBM Philippines, Inc. 21720 31-Oct-12 81,734.40 81,705.47 28.93 P-3870 Passion Cooks, Inc. 226 19-Dec-12 3,857.14 642.86 3,214.28 P-3918 Taurus Electrical Services 58 10-Oct-12 196,403.31 192,896.11 3,507.20 P-3982 Seven Seven Global Services, Inc. 1536 21-Nov-12 10,043.48 28,883.48 14,160.00 33,000.00 P-4021 Hewlett-Packard Philippines 126684 19-Dec-12 83,728.64 11,429.05 98,364.15 26,064.56 P-4036 Fuji Xerox Philippines, Inc. 169995 26-Dec-12 12,095.64 15,318.64 278.52 3,501.52 P-4037 Fuji Xerox Philippines, Inc. 169964 28-Nov-12 6.31 4,706.33 85.57 4,785.59 P-4042 Fuji Xerox Philippines, Inc. 167613 10-Oct-12 35,114.26 40,654.27 739.17 6,279.18 P-4062 Businessworks, Inc. 3525 26-Dec-12 17,820.00 6,480.00 32,400.00 8,100.00 12,960.00 P-4063 BAYANTEL 917495 31-Oct-12 182.04 715.14 13.01 546.11 P-4064 BAYANTEL 917497 31-Oct-12 182.04 715.14 13.01 546.11 P-4065 BAYANTEL 917496 31-Oct-12 182.04 715.14 13.01 546.11 P-4068 Asia Select, Inc. 7781 7-Nov-12 933.19 1,407.36 25.59 499.76 P-4069 Asia Select, Inc. 7744 17-Oct-12 2,737.84 3,608.23 65.61 936.00 P-4085 Johnson Controls IFM Phils. Co. 3072 14-Nov-12 73,059.39 71,754.75 1,304.64 P-4133 BAYANTEL 916481 3-Oct-12 182.04 178.79 3.25 P-4134 BAYANTEL 916168 10-Oct-12 182.04 178.79 3.25 P-4135 BAYANTEL 922737 4-Nov-12 57,600.00 56,571.43 1,028.57 P-4144 Crown Worldwide Movers, Inc. 25630 19-Dec-12 18,000.00 47,464.00 536.00 18,000.00 12,000.00 P-4145 Crown Worldwide Movers, Inc. 25631 19-Dec-12 6,000.00 5,893.00 107.00 P-4155 DHL Express (Philippines) Corp. 2149384 21-Nov-12 58.78 33.60 25.18 P-4168 Fuji Xerox Philippines, Inc. 169994 26-Dec-12 23,752.64 23,328.49 424.15 P-4285 Innove A/C 361167 19-Dec-12 138.75 32,836.65 597.04 1,800.72 31,035.11 138.75 160.18 160.18 P-4286 Innove A/C 359669 28-Nov-12 138.75 61,370.63 1,115.84 138.75 138.75 31,035.11 31,035.11 P-3977 SGV & Co. 101196 2-Jan-12 2,998.99 30,686.47 2,425.71 24,155.40 5,957.79 P-4023 Headstrong Philippines, Inc. 2038 26-Dec-12 17,280.00 543,870.38 24,463.78 12,000.00 18,720.00 36,960.00 5,400.00 10,800.00 9,000.00 13,200.00 14,688.00 7,920.00 5,219.60 5,741.56 13,500.00 10,800.00 15,840.00 16,320.00 36,960.00 25,200.00 21,120.00 14,400.00 21,120.00 25,200.00 16,320.00 26,400.00 14,400.00 2,880.00 19,200.00 26,400.00 32,760.00 16,320.00 13,200.00 15,120.00 20,160.00 7,785.00 P-4038 Fuji Xerox Philippines, Inc. 169966 28-Nov-12 9,007.77 45,330.44 1,525.30 3,846.19 9,007.77 3,846.19 21,147.82 P-3824 Fuji Xerox Philippines, Inc. 169965 28-Nov-12 9,007.77 8,605.64 402.13 P-3819 FTL Hotels, Inc. 45721 28-Nov-12 11,088.24 10,712.88 375.36 P-4147 DHL Express (Philippines) Corp. 2118102 3-Oct-12 33.60 33.60 2,059.00 2,059.00 P-4157 DHL Express (Philippines) Corp. 2153538 5-Dec-12 2,324.00 2,357.60 710.00 33.60 710.00 Subtotal 4th Quarter of CY 2012 P1,598,335.09 P1,395,599.42 P202,735.67 TOTAL P6,673,158.87 P3,558,519.28 P3,114,639.59 C. Input VAT on purchase of services wherein the supporting official receipt pertains to a different transaction P149,209.52 SECOND QUARTER OF CY 2012 P-2475 Maxicare Healthcare Corp. 0131314 1-Mar-12 P149,209.52 - P149,209.52 Subtotal 2nd Quarter of CY 2012 P149,209.52 - P149,209.52 GRAND TOTAL P6,887,263.01 P3,558,519.28 P3,328,743.73 With regard to the input taxes on current purchases of capital goods exceeding P1Million with an aggregate amount of P6,262,594.20, the ICPA noted that these were included in petitioner's input VAT claim in full amount. 117 cDSAEI Pursuant to Section 110 (A) (2) of the NIRC of 1997, as amended, as implemented by Section 4.110-3 of RR No. 16-05, input VAT on capital goods purchases attributable to zero-rated sales may be claimed either in full during the month of acquisition, or spread over a period of time, depending on the aggregate acquisition cost of the capital goods in the calendar month. If the aggregate acquisition cost exceeds P1Million, the claim for input tax should be spread over 60 months or the estimated useful life of the capital goods, whichever is shorter. On the other hand, if aggregate acquisition cost does not exceed P1Million, the total input taxes shall be allowed as credit/refund in the month of acquisition. As correctly found by the ICPA, out of the P6,262,594.20 input VAT incurred by petitioner on current purchases of capital goods exceeding P1Million for CY 2012, only the input VAT amortization of P159,292.83 related to the P1,337,412.43 input VAT properly supported by VAT invoices shall be creditable for the four quarters of CY 2012, as follows: 118 Findings Reference to ICPA Report 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Allowable Input Tax 119 Purchase of capital goods exceeding one (1) million with properly supported invoices Annex 10 1Q-a, Annex 10 2Q-a, Annex 10 3Q-a, Annex 10 4Q-a P144,774.43 P234,597.19 P702,496.41 P255,544.40 P1,337,412.43 P159,292.83 Other Findings on purchase of capital goods exceeding one (1) million Purchase of services supported by documents other than VAT invoices Annex 10 1Q-b, Annex 10 2Q-b, Annex 10 3Q-b, Annex 10 4Q-b - 247,351.95 112,401.09 4,528,282.01 4,888,035.05 - Purchase of capital goods exceeding one million supported by photocopied Invoices Annex 10 2Q-c - 37,146.72 - - 37,146.72 - TOTAL P144,774.43 P519,095.86 P814,897.50 P4,783,826.41 P6,262,594.20 P159,292.83 In sum, out of the declared total amount of P148,152,889.37 input VAT on current purchases for the four quarters of CY 2012, only the amount of P106,599,836.04 is validly supported by documents, computed as follows: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Input VAT on current purchases P35,639,735.47 P34,788,247.18 P40,624,082.35 P37,100,824.37 P148,152,889.37 Less: Disallowances Per ICPA Findings P8,758,156.94 P8,108,531.92 P5,770,603.85 P9,483,715.52 P32,121,008.23 Per this Court's further verification A. Input VAT on domestic purchases of services supported by Official Receipts but the amount of Input VAT claim is not separately indicated - 59,865.18 5,029.44 - 64,894.62 B. Input VAT on purchases of services supported by Official Receipts wherein the amount of claim is more than the amount reflected in the Official Receipts 2,555,791.57 270,506.65 85,605.70 202,735.67 3,114,639.59 C. Input VAT on purchase of services wherein the supporting official receipt pertains to a different transaction - 149,209.52 - - 149,209.52 Input VAT on current purchases of Capital Goods exceeding P1Million 144,774.43 519,095.86 814,897.50 4,783,826.41 6,262,594.20 Less: Allowable Input Tax Credit for the period of claim 120 (3,016.13) (18,823.28) (53,865.14) (83,588.28) (159,292.83) Total Disallowances P11,455,706.81 P9,088,385.85 P6,622,271.35 P14,386,689.32 P41,553,053.33 Substantiated Input VAT P24,184,028.66 P25,699,861.33 P34,001,811.00 P22,714,135.05 P106,599,836.04 However, records do not show that petitioner submitted its VAT invoices/official receipts proving the existence of its reported input VAT carry-over from previous quarter in the total amount of P260,050,405.20. 121 Thus, only the total valid input VAT of P106,599,836.04 should be applied against the reported output VAT liability for CY 2012 of P5,480,879.29. 122 Consequently, only the remaining input VAT of P101,118,956.75 can be attributed to the entire zero-rated sales amounting to P7,088,991,662.84 and only the input VAT of P68,879,499.15 is attributable to the valid zero-rated sales of P4,825,937,556.72, computed as follows: EDCcaS 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Valid Input VAT P24,184,028.66 P25,699,861.33 P34,001,811.00 P22,714,135.05 P106,599,836.04 Less: Output tax due 1,365,017.94 1,307,329.96 1,483,282.57 1,325,248.82 5,480,879.29 Excess Input VAT P22,819,010.72 P24,392,531.37 P32,518,528.43 P21,388,886.23 P101,118,956.75 Divide by Total Declared Zero-Rated Sales 1,357,072,819.34 2,216,508,365.74 1,562,760,446.83 1,952,650,030.93 7,088,991,662.84 Multiply by Valid Zero-Rated Sales 963,228,031.37 1,465,271,326.41 1,044,863,441.53 1,352,574,757.41 4,825,937,556.72 Excess Input VAT attributable to Valid Zero-Rated Sales P16,196,559.58 P16,125,216.28 P21,741,925.70 P14,815,797.58 P68,879,499.15 Petitioner's input VAT was not applied against any output VAT liability. Petitioner's input VAT claim of P147,159,034.53 was carried-over by petitioner in its succeeding Quarterly VAT Returns for the first 123 and second 124 quarters of CY 2013 as part of the allowable input taxes "Others". Nevertheless, the said amount remained unutilized until the same was deducted as "VAT Refund/TCC Claimed" in its Quarterly VAT Returns for the second, third and fourth quarters of CY 2013, as shown below: CTA Case No. Input VAT Claim Period when the claim was deducted Exhibit 125 8720 P35,343,482.10 2nd Quarter of CY 2013 P-37 8736 34,618,094.91 8754 40,305,286.80 3rd Quarter of CY 2013 P-38 8767 36,892,170.72 4th Quarter of CY 2013 P-39 Total P147,159,034.53 Therefore, the subject claims no longer formed part of the excess input VAT of P85,136,686.89 126 as of the end of the fourth quarter of CY 2013 that was carried over to the succeeding taxable quarters of CY 2014. 127 As such, it eliminates the possibility that the present claims would be applied to future output VAT liability. WHEREFORE , premises considered, the instant Petitions for Review are PARTIALLY GRANTED . Accordingly, respondent is ORDERED TO REFUND or ISSUE A TAX CREDIT CERTIFICATE in favor of petitioner in the amount of P68,879,499.15, representing the latter's unutilized excess input VAT attributable to its zero-rated sales for the four quarters of CY 2012. SO ORDERED. (SGD.) JUANITO C. CASTAEDA, JR. Associate Justice Cielito N. Mindaro-Grulla and Jean Marie A. Bacorro-Villena, JJ. , concur. Footnotes 1. Issue, Pre-Trial Order, CTA Case No. 8720, Docket (Vol. I), p. 453. 2. Petition for Review, CTA Case No. 8720, Docket (Vol. I), pp. 15-16. 3. Petition for Review, CTA Case No. 8736, Docket, p. 26. 4. Petition for Review, CTA Case No. 8754, Docket, p. 18. 5. Petition for Review, CTA Case No. 8767, Docket, p. 26. 6. Exhibit "P-2", CTA Case No. 8720, Docket (Vol. III), p. 1790. 7. Par. 2, Stipulation of Facts, Joint Stipulation of Facts and Issues (JSFI), CTA Case No. 8720, Docket (Vol. I), p. 431. 8. Exhibit "P-1", CTA Case No. 8720, Docket (Vol. IV), p. 3238. 9. Par. 1, Stipulation of Facts, JSFI, CTA Case No. 8720, Docket (Vol. I), p. 430. 10. Exhibit "P-4", CTA Case No. 8720, Docket (Vol. III), pp. 1801-1805. 11. Exhibit "P-4-a", CTA Case No. 8720, Docket (Vol. III), pp. 1806-1809. 12. Exhibit "P-5", CTA Case No. 8720, Docket (Vol. III), pp. 1830-1834. 13. Exhibit "P-4-b", CTA Case No. 8720, Docket (Vol. III), pp. 1810-1813. 14. Exhibit "P-4-c", CTA Case No. 8720, Docket (Vol. III), pp. 1814-1816. 15. Exhibit "P-6", CTA Case No. 8720, Docket (Vol. III), pp. 1836-1840. 16. Exhibit "P-6-a", CTA Case No. 8720, Docket (Vol. III), pp. 1841-1845. 17. Exhibit "P-4-d", CTA Case No. 8720, Docket (Vol. III), pp. 1817-1819. 18. Exhibit "P-4-e", CTA Case No. 8720, Docket (Vol. III), pp. 1820-1822. 19. Exhibit "P-7", CTA Case No. 8720, Docket (Vol. III), pp. 1847-1850. 20. Exhibit "P-7-a", CTA Case No. 8720, Docket (Vol. III), pp. 1851-1854. 21. Exhibit "P-4-f", CTA Case No. 8720, Docket (Vol. III), pp. 1823-1825. 22. Exhibit "P-4-g", CTA Case No. 8720, Docket (Vol. III), pp. 1826-1829. 23. Exhibit "P-8", CTA Case No. 8720, Docket (Vol. III), pp. 1856-1860. 24. Par. 4, III. Statement of Facts and Proceedings, Petitioner's Memorandum, Docket (Vol. VII), pp. 4888-4889. 25. Par. 6, III. Statement of Facts and Proceedings, Petitioner's Memorandum, Docket (Vol. VII), p. 4889. 26. Exhibits "P-24" and "P-24-a", CTA Case No. 8720, Docket (Vol. IV), pp. 3161-3166. 27. Exhibits "P-25" and "P-25-a", CTA Case No. 8720, Docket (Vol. IV), pp. 3167-3172. 28. Exhibits "P-26" and "P-26-a", CTA Case No. 8720, Docket (Vol. IV), pp. 3173-3178. 29. Exhibits "P-27" and "P-27-a", CTA Case No. 8720, Docket (Vol. IV), pp. 3179-3184. 30. Petition for Review, CTA Case No. 8720, Docket (Vol. I), pp. 6-18. 31. Petition for Review, CTA Case No. 8736, Docket, pp. 14-29. 32. Petition for Review, CTA Case No. 8754, Docket, pp. 6-21. 33. Petition for Review, CTA Case No. 8767, Docket, pp. 14-29. 34. CTA Case No. 8720, Docket (Vol. I), pp. 57-71. 35. CTA Case No. 8736, Docket, pp. 77-83. 36. CTA Case No. 8754, Docket, pp. 49-59. 37. CTA Case No. 8767, Docket, pp. 62-72. 38. CTA Case No. 8720, Docket (Vol. I), pp. 110-111. 39. CTA Case No. 8720, Docket (Vol. I), pp. 112-116. 40. CTA Case No. 8720, Docket (Vol. I), pp. 400-413. 41. CTA Case No. 8720, Docket (Vol. I), pp. 430-438. 42. CTA Case No. 8720, Docket (Vol. I), p. 450. 43. Minutes of the Hearing dated September 9, 2014, CTA Case No. 8720, Docket (Vol. I), pp. 472-473; Minutes of the Hearing dated October 21, 2014, CTA Case No. 8720, Docket (Vol. II), pp. 1624-1626; Minutes of the Hearing dated May 10, 2016, CTA Case No. 8720, Docket (Vol. IV), pp. 3325-3326. 44. Minutes of the Hearing dated November 13, 2014, CTA Case No. 8720, Docket (Vol. II), pp. 1640-1641; Minutes of the Hearing dated January 20, 2015, CTA Case No. 8720, Docket (Vol. II), pp. 1682-1683. 45. Order dated November 28, 2017, CTA Case No. 8720, Docket (Vol. V), pp. 4074-4075. 46. CTA Case No. 8720, Docket (Vol. III), pp. 1739-1788. 47. CTA Case No. 8720, Docket (Vol. IV), pp. 3196-3201. 48. CTA Case No. 8720, Docket (Vol. IV), pp. 3202-3204. 49. CTA Case No. 8720, Docket (Vol. IV), pp. 3205-3209. 50. CTA Case No. 8720, Docket (Vol. IV), pp. 3216-3221. 51. CTA Case No. 8720, Docket (Vol. IV), pp. 3223-3225. 52. CTA Case No. 8720, Docket (Vol. IV), pp. 3228-3229. 53. CTA Case No. 8720, Docket (Vol. IV), pp. 3264-3266. 54. CTA Case No. 8720, Docket (Vol. IV), pp. 3267-3280. 55. CTA Case No. 8720, Docket (Vol. IV), pp. 3284-3288. 56. CTA Case No. 8720, Docket (Vol. IV), pp. 3304-3305. 57. CTA Case No. 8720, Docket (Vol. IV), pp. 3330-3340. 58. CTA Case No. 8720, Docket (Vol. IV), pp. 3501-3504. 59. CTA Case No. 8720, Docket (Vol. V), pp. 3510-3515. 60. Minutes of the Hearing, CTA Case No. 8720, Docket (Vol. V), pp. 3516-3518. 61. CTA Case No. 8720, Docket (Vol. V), pp. 3522-3526. 62. CTA Case No. 8720, Docket (Vol. V), pp. 3536-3537. 63. CTA Case No. 8720, Docket (Vol. V), pp. 3538-3553. 64. CTA Case No. 8720, Docket (Vol. V), pp. 3567-3604. 65. CTA Case No. 8720, Docket (Vol. V), pp. 3622-3628. 66. CTA Case No. 8720, Docket (Vol. V), pp. 3634-3637. 67. CTA Case No. 8720, Docket (Vol. VI), pp. 4090-4102. 68. CTA Case No. 8720, Docket (Vol. VI), pp. 4528-4531. 69. CTA Case No. 8720, Docket (Vol. VI), pp. 4537-4538. 70. CTA Case No. 8720, Docket (Vol. VII), pp. 4550-4553. 71. CTA Case No. 8720, Docket (Vol. VII), pp. 4873-4876. 72. CTA Case No. 8720, Docket (Vol. VII), p. 4882. 73. Case No. 8720, Docket (Vol. VII), p. 4924. 74. Case No. 8720, Docket (Vol. VII), pp. 4887-4922. 75. Issue, Pre-Trial Order, Case No. 8720 Docket (Vol. I), p. 453. 76. Par. 2, Stipulation of Facts, Joint Stipulation of Facts and Issues (JSFI), CTA Case No. 8720, Docket (Vol. I), p. 431. 77. Pars. 7, 23 and 25, Memorandum (For Respondent), Docket (Vol. V), pp. 3542 and 3549. 78. G.R. No. 207112, December 8, 2015. 79. G.R. No. 202922, June 19, 2017. 80. G.R. No. 230412, March 27, 2019. 81. Three (3) copies of the Application for VAT Credit/Refund (BIR Form No. 1914); SEC Certificate of Registration; BIR Certificate of Registration; Monthly VAT Declaration with attached summary list of purchases; Quarterly VAT Return with attached summary list of sales and purchases; Schedule/Details of Purchases with photocopies of VAT invoices and official receipts; Certification of Zero-rated Sales and Taxable Sales; Certification of Inward Remittances; Schedule/Details of Taxable and Zero-rated Sales with photocopies of VAT official receipts; and Intergroup Service Agreements. 82. October 20, 2013 fell on a Sunday. 83. November 23 and 24, 2013 fell on a Saturday and Sunday, respectively. 84. January 5, 2014 fell on a Sunday. 85. G.R. No. 153205, January 22, 2007. 86. Exhibit "P-1", Docket (Vol. IV), p. 3238. 87. Exhibits "P-15" to "P-15.42", "P-90" to "P-96", "P-4319" to "P-4351", and "P-4353" to "P-4358". 88. Exhibits "P-11", "P-44" to "P-89", "P-4359" to "P-4378", and "P-4380". 89. Exhibits "P-13" to "P-13.26", "P-13.28" to "P-13.31", "P-97" to "P-100", "P-4382" to "P-4386", "P-4388", "P-4390", and "P-4392" to "P-4393". 90. Exhibits "P-14" to "P-14.75", Docket (Vol. IV), pp. 3257 and 2897 to 2993. 91. G.R. No. 201326, February 8, 2017. 92. CTA EB Nos. 1244 and 1345, March 30, 2017. 93. Answer to Q-59 of Judicial Affidavit of Ms. Rachel M. Concepcion, Exhibit "P-29", Docket (Vol. I), pp. 137-138. 94. Annexes 1, 1-a, 1-b, 1-c and 1-d of Exhibit "P-31" (ICPA Report). 95. Exhibits "P-10", "P-10-a", "P-10-b", and "P-10-c", Docket (Vol. III), pp. 1870-1873. 96. Exhibits "P-101" to "P-978". 97. Exhibits "P-17" to "P-17-c", Docket (Vol. IV), pp. 3038-3068. 98. Exhibit "P-31". 99. Constantino Guadalquiver & Co., through its Partner, Ms. Katherine O. Constantino. 100. Sum of Petitioner's Zero-rated Sales declared per Quarterly VAT Returns for the Four Quarters of CY 2012: Docket, Vol. III, 1830-1861 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total (Exhibit "P-5") (Exhibit "P-6-a") (Exhibit "P-7-a") (Exhibit "P-8") Vatable Sales P11,375,149.50 P10,894,416.33 P12,360,688.08 P11,043,740.17 P45,673,994.08 Zero-Rated Sales 1,357,072,819.34 2,216,508,365.74 1,562,760,446.83 1,952,650,030.93 7,088,991,662.84 Total Sales P1,368,447,968.84 P2,227,402,782.07 P1,575,121,134.91 P1,963,693,771.10 P7,134,665,656.92 101. P. 10 of Annex 1-b, Exhibit "P-31". 102. Exhibit "P-508". 103. P. 7 of Annex 5-b, Exhibit "P-31". 104. P1,198,177.39 x 4,815.61/22,402.43. 105. P. 2 of Annex 1-c, Exhibit "P-31". 106. Exhibit "P-544". 107. P. 1 of Annex 5-c, Exhibit "P-31". 108. Exhibits "P-5", "P-6-a", "P-7-a", and "P-8", Docket (Vol. III), pp. 1830-1861. 109. Annexes 1 to 1-d, Exhibit "P-31". 110. Exhibits "P-5", "P-6-a", "P-7-a", and "P-8", Docket (Vol. III), pp. 1830-1861. 111. No. 7, p. 6, Exhibit "P-31". 112. Sum should be P147,159,016.16. Difference of P18.00. 113. Total input VAT on current purchases P148,152,889.37 Less: Purchases of capital goods exceeding P1 million 6,262,594.20 Current purchases excluding purchase of capital goods exceeding P1 million P141,890,295.17 114. Exhibits "P-23", "P-23-a", "P-23-b", and "P-23-c", Docket (Vol. IV), pp. 3098-3160. 115. Exhibits "P-1005" to "P-4315". 116. Pages 21-23 of the ICPA Report, Exhibit "P-31". 117. No. 7, p. 6, Exhibit "P-31". 118. Annex 10, Exhibit "P-31". 119. Annex 12, Exhibit "P-31". 120. Annex 12, Exhibit "P-31". 121. Line 20F, Exhibit "P-5", Docket Vol. III, p. 1830. CY 2012 1st Quarter Deferred on Capital Goods from Previous Quarter Line 20B P5,499,135.34 Others Line 20E 254,551,269.86 Total Line 20F P260,050,405.20 122. CY 2012 Output VAT Exhibit 1st Quarter P1,365,017.94 "P-5" 2nd Quarter 1,307,329,329.96 "P-6-a" 3rd Quarter 1,483,282.57 "P-7-a" 4th Quarter 1,325,248.82 "P-8" Total P5,480,879.29 123. Line 20E, Exhibit "P-36", Folder 5, Box 1. 124. Line 20E, Exhibit "P-37", Folder 5, Box 1. 125. Folder 5, Box 1. 126. Line 29, Exhibit "P-39", Folder 5, Box 1. 127. Exhibits "P-40" to "P-42", Folder 6, Box 1.