The Court of Tax Appeals (CTA) has ordered the Bureau of Internal Revenue (BIR) to refund or issue tax credits amounting to P43.9 million to Petron Corporation for the erroneously collected excise taxes on the firm’s importation of more than 9.7 million liters of alkylate in 2016 and 2017. Google...
The Court of Tax Appeals (CTA) has affirmed its division's ruling that cancelled the order for the payment of over P902 million taxes and compromise penalty, and more than P182 million in deficiency taxes issued by the Bureau of Internal Revenue (BIR) against Philusa Corporation, a firm engaged in...
The Court of Tax Appeals (CTA) has ordered the Bureau of Internal Revenue (BIR) to refund to British American Tobacco, Limited P305.8 million representing the unutilized advanced deposit in Internal Revenue Stamp Integrated System (IRSIS) and on credits for unused, spoiled, and bad order internal...
The Court of Tax Appeals (CTA) has denied the petition filed by FCF Minerals Corporation (FCF) -- a firm engaged in the exploration, development, and commercial operation of mineral claims -- to refund the P57.8 million taxes it paid for its imported equipment. In 2009, FCF and the government...
The Court of Tax Appeals (CTA) has denied the plea by a low-cost mass housing developer to get P4.6 million refund from the Bureau of Internal Revenue (DIR) for the taxes paid in 2012. In a decision promulgated last Aug. 24, the CTA’s special first division denied the petition filed by...
ILOILO CITY – MORE Electric and Power Corp. (MORE Power) has refunded 20 new customers here, more than a month after it started reimbursing bill deposits. TWENTY new electricity consumers in Iloilo City received a bill deposit refund from MORE Power. (MORE Power) “We implemented this program...
House of Representatives (MANILA BULLETIN) Makabayan bloc solons have refiled a bill seeking a uniform scheme for the refund and rebooking of airline tickets in flights affected by prolonged natural disasters or pandemics. The proposal is embodied in House Bill (HB) No.8556, or the Pandemic Airfare...
Senator Sherwin Gatchalian said he is optimistic that the Philippines has the potential to boost its reputation as a shopping destination. Sen. Sherwin Gatchalian (Senate PRIB Photo) This, once the proposed measure...
(Unsplash) A Mindanao lawmaker wants to institutionalize refunds or adjustments in the monthly billing of consumers for unannounced and unscheduled interruptions not caused by natural calamities. For this purpose, Davao Oriental 2nd district Rep. Cheeno Almario filed House Bill (HB) No.8191. "We...
ILOILO CITY – The Razon-owned MORE Electric and Power Corp. (MORE Power) has started refunding bill deposits of good-paying customers since it took over as the sole power distributor here in 2020. MORE Power President and CEO Roel Castro and Commissioner Alexis Lumbatan of the Energy Regulatory...
Senators are now seeking a refund of all the charges collected by the National Grid Corporation of the Philippines (NGCP) for its uncompleted transmission projects. Sen. Sherwin Gatchalian made the suggestion noting that the government has been looking for ways to lower the prices of electricity in...
Senator Sherwin Gatchalian (Senate PRIB) Senator Sherwin Gatchalian wants to boost foreign tourist arrivals in the country and create more jobs with the establishment of a mechanism for the refund of value-added tax (VAT). “To be truly competitive with its peers in the Asia Pacific region, the...
