The Court of Tax Appeals (CTA) has denied the petition filed by Oceanagold Philippines, Inc., which sought from the Bureau of Internal Revenue (BIR0 a refund or tax credits for P155.5 million in excise taxes which it claimed were illegally assessed and collected in 2017. Oceanagold, a mining...
The Court of Tax Appeals (CTA) has dismissed for lack of jurisdiction the petition filed by an overseas Filipino worker (OFW) against the Bureau of Customs (BOC) which forfeited his luxury vehicle in 2018. The case started when OFW Allan U. Garcia sought to import his white 2012 Lamborghini...
The Court of Tax Appeals (CTA) has denied the petition of Nestle Philippines, Inc. for a refund of P1.26 billion for Sweetened Beverage Tax (SBT) for its MILO products. Nestle claimed it is not liable to pay the SBT on its removals of MILO products, which is a powdered chocolate malt flavored...
The Court of Tax Appeals (CTA) has ruled in favor of the Bureau of Internal Revenue (BIR) as it denied the petition filed by Valle Verde Country Club, Inc. which sought a P7.449 million refund for output value-added tax (VAT) on membership fees, assessment dues, and other charges from April 2018 to...
The Court of Tax Appeals (CTA) has upheld the dismissal of the P18.9 million tax case against Altimax Broadcasting Co., Inc. for failure of the Bureau of Internal Revenue (BIR) to observe due process. In a 20-page decision promulgated on Oct. 3, 2023 and written by Associate Justice Ma. Belen M....
The Court of Tax Appeals (CTA) has granted P3.1 million out of the P5.5 million refund sought by the Philippine Airlines, Inc. (PAL) for the excise taxes the firm paid for imported wines, liquors and cigarettes in 2009 for consumption in its international flights. In its Oct. 5, 2023 decision, the...
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...
(Noel Pabalate/ MANILA BULLETIN) The House of Representatives and the Senate have approved in the bicameral conference committee meeting an amendment to the National Internal Revenue Code exempting overseas Filipino workers (OFWs) who derive their income...
The Department of Energy (DOE) is batting for comprehensive review of the taxes being levied on petroleum products as well as those for electricity generation – with the end goal of scrapping taxes that are being imposed on other taxes. Energy Secretary Raphael P.M. Lotilla primarily indicated...
The Court of Tax Appeals (CTA) has cancelled and set aside the P8.04 million documentary stamp tax (DST) deficiencies for taxable year 2008 allegedly incurred by Montalban Methane Power Corporation, a firm engaged in Clean Development Mechanism Project under the United Nations Convention on Climate...
After 11 weeks of financial torment at the gasoline stations, consumers can finally heave a sigh of slight relief as oil prices will be on rollback at the pumps by Tuesday (September 26), based on the calculation of the oil companies. According to the industry players, the price of diesel products...
Albay 2nd district Rep. Joey Salceda (left), Marikina City 2nd district Rep. Stella Quimbo (Rep. Salceda's office) The top economists in the House of Representatives have aired their concerns over the proposal to suspend excise tax on fuel as a remedy to the...
