The Court of Tax Appeals (CTA) has denied the petition of Avaloq Philippines Operating Headquarters which sought from the Bureau of Internal Revenue (BIR) a tax refund of P3 million for its zero-rated sales for the 3rd and 4th quarters of 2017. Avaloq Philippines is engaged in the sourcing...
The Court of Tax Appeals (CTA) has denied the petition of Philippine Airlines, Inc. (PAL) which sought a refund of more than P20 milion it paid under protest in 2019 for excise taxes on imported liquor and tobacco products. In a decision promulgated last Jan. 24, the CTA as a full court rules that...
For "lack of jurisdiction," the Court of Tax Appeals (CTA) has dismissed the petition filed by Schaeffler Philippines, Inc. seeking a tax refund of P10.27 million from the Bureau of Internal Revenue (BIR). Schaeffler, a firm engaged in the manufacture of high-precision components and systems for...
Camarines Sur 2nd district Rep. LRay Villafuerte (Rep. Villafuerte's office) Camarines Sur 2nd district Rep. LRay Villafuerte is prodding the concerned agencies to go full blast in crafting the Value Added Tax (VAT) refund system for the local...
The Private Sector Advisory Council (PSAC) applauded the signing into law of a measure granting value-added tax (VAT) refunds to non-resident tourists. In a statement, Sabin Aboitiz, PSAC lead convenor and Aboitiz Group president and chief executive officer, said the new law, a key council...
The Bureau of Internal Revenue (BIR) fully supports the newly enacted Value-Added Tax (VAT) Refund for Non-Resident Tourists law (Republic Act No. 12079) to boost tourism and the economy. In a Facebook post, BIR Commissioner Romeo D. Lumagui Jr. said that the bureau “supports the VAT Refund...
The enactment into law of the measure providing for a Value Added Tax (VAT) Refund Mechanism for non-resident tourists will boost tourist arrivals in the Philippines beginning next year, Sen. Sherwin Gatchalian said. Gatchalian, chairman of the Senate Committee on Ways and Means, said he is...
The white sand beach of Boracay--arguably the crowned jewel of Philippine tourism (Unsplash) House Speaker Martin Romualdez has recognized the huge economic boost that the newly-signed value-added tax (VAT) refund law for foreign tourists will...
President Marcos has signed into law that aims to attract more non-resident tourists to the country by providing them a Value Added Tax (VAT) Refund System on locally purchased goods. President Ferdinand R. Marcos Jr. signs three measures on Dec. 9, 2024 at the Malacañan Palace. Among the...
The Manila Electric Company (Meralco) is expecting an official decision from the Energy Regulatory Commission (ERC) regarding the first three-year refund and approval for the next regulatory period. In a briefing on Monday, Oct. 28, Meralco Senior Vice President Jose Ronald Valles estimated a P16...
Senator Sherwin Gatchalian said he is certain that the Philippines would benefit from tourist arrivals in the upcoming holidays which could be in time for the enactment of the Value-Added Tax (VAT) refund for tourism. “I am hopeful that the measure will be enacted into law in...
Boracay, arguably the crown jewel of Philippine tourism The proposed measure that seeks to implement a value added tax (VAT) refund mechanism for non-resident tourists in a bid to encourage more spending is now one step away from becoming law. During...
