REVENUE MEMORANDUM CIRCULAR NO. 27-2020 issued on March 18, 2020 extends the deadline for the filing of applications for Value-Added Tax (VAT) Refund and ninety (90) day processing period pursuant to Section 112 of the Tax Code of 1997, as amended by Republic Act No. 10963 (TRAIN Law).
The filing of VAT refund application covering the quarter ending March 31, 2018 can still be accepted until April 30, 2020.
The 90-day period of processing VAT refund claims by the processing offices for those claims that are currently being evaluated and for those that may be received from March 16 to April 14, 2020 is suspended. The counting of the number of processing days shall resume after the lifting of the “community quarantine” by the President.