For decades, the sales patterns in the Philippines' sari-sari stores have offered a reliable micro-level view of consumer behavior and local economic conditions. However, recent data indicates a shift in these long-established trends, with a downturn in the sales of frequently purchased items like...
The Court of Tax Appeals (CTA) has denied for lack of jurisdiction the petition of FMC Switzerland II GMBH which sought P10.49 million tax refund from the Bureau of Internal Revenue (BIR) for 2019. FMC Switzerland filed before the BIR an administrative claim for valued-added tax (VAT) refund of...
The Court of Tax Appeals (CTA) has denied the petition of BSM Crew Service Centre Philippines, Inc. which sought a tax refund of P4.7 million from the Bureau of Internal Revenue (BIR) for 2017. BSM filed its petition for review before the CTA as a full court on Aug. 18, 2023 and assailed the...
The Court of Tax Appeals (CTA) has dismissed for lack of jurisdiction the petition of a Mindanao electric cooperative which sought to cancel the P23.5 million income tax assessment for 2018 issued by the Bureau of Internal Revenue (BIR). Dismissed was the petition filed by Bukidnon II Electric...
The Bureau of Internal Revenue (BIR) has secured a major victory in a ₱5.7-billion tax evasion case after the Department of Justice (DOJ) ruled in its favor. The case, which the BIR filed in February, resulted in the DOJ filing two criminal charges with the Court of Tax Appeals (CTA) on March 13,...
The Court of Tax Appeals (CTA) has denied the petition of Pacific Plaza Condominium Corporation which sought a tax refund of P3.18 million from the Bureau of Internal Revenue (BIR) In a petition, Pacific Plaza wanted to convince the CTA as a full court to reverse and set aside the decision of the...
The Department of Finance (DOF) is still considering slapping carbon tax as long as it won’t hike energy prices and instead facilitate the entry of green or environmentally sustainable investments. In a March 21 statement, the agency said it is working with the Washington-based multilateral...
The Court of Tax Appeals (CTA) has denied the petition filed by members of the Philippine Association of Meat Processors, Inc. (PAMPI) which challenged the implementation by the Bureau of Customs (BOC) of the increased tariff on the importation of mechanically deboned meat (MDM). Denied was the...
The Court of Tax Appeals (CTA) has ordered a businessman to pay the Bureau of Internal Revenue (BIR) P6.6 million in deficiency income and value-added taxes of his company for calendar year 2016. Redentor Agpuldo Tagala, proprietor of 7th Concept Trading and 7C Construction, filed a petition for...
Political uncertainty in the Philippines could intensify as former President Rodrigo Duterte’s influence on voters grows, potentially diverting attention from tax reforms and the proposed ₱200 wage increase. According to the Netherlands-based financial giant ING, midterm elections usually have...
Underscoring the need for government to help small businesses, former senator Bam Aquino said on Saturday, March 15, that a tax relief must be given to micro, small, and medium enterprises (MSMEs). Independent senatorial candidate Bam Aquino speaks to some micro-entrepreneurs and workers...
The Court of Tax Appeals (CTA) has affirmed the dismissal of the case filed against a businessman who was accused of non-payment of taxes amounting to P2.4 million. Faivo Pascual Bartolome, owner of Dashma Computer Systems and Services and Ilocostop Convenience Stores, was initially charged with...
