Tag page - franchise tax

House of Representatives (Ellson Quismorio/ MANILA BULLETIN)                    Power grid operator National Grid Corporation of the Philippines (NGCP) has been religiously paying its three percent franchise tax as mandated by law.  This was...

The Court of Tax Appeals (CTA) has denied the petition of Bohol Light Company, Inc. (BLCI) to reverse a regional trial court (RTC) ruling that the firm has "no clear and categorical exemption from other local taxes." Assailed by the BLCI was the March 31, 2016 decision issued by the Tagbilaran...

The Court of Tax Appeals (CTA) has denied the claim for refund of P36.7 million in franchise tax sought by the Davao City Water District (DCWD) from the Bureau of Internal Revenue (BIR) for taxable years 2003 to 2011. With its ruling, the CTA as a full court denied the petition filed by DCWD which...

Senate Deputy Minority Leader Senator Risa Hontiveros on Monday, August 14 said the Energy Regulatory Commission (ERC) should look into the National Grid Corporation of the Philippines’ (NGCP) account books and check whether it is correct to impose only a three percent franchise tax from the...

President Ferdinand "Bongbong" Marcos Jr. has asked the House Committee on Ways and Means chairman to study the possibility of removing the 12 percent value-added tax (VAT) component of public utilities, especially electricity. Albay 2nd district Rep. Joey Salceda This was revealed by the committee...