The Court of Tax Appeals (CTA) has denied the petition of a private individual who sought a reversal of the warrant of distraint or levy (WDL) and warrant of garnishment (WOG) issued against him by the Bureau of Internal Revenue (BIR). The CTA ruled that petitioner Danilo N. Matias failed to appeal...
The Court of Tax Appeals (CTA) has denied for lack of merit the petition of Green Cross, Inc. which sought the refund of P117.9 million in alleged erronously paid taxes to the Bureau of Internal Revenue (BIR). From Nov. 16, 2018 to Dec. 17, 2019, Green Cross paid excise taxes amounting to...
The Court of Tax Appeals (CTA) has denied for lack of jurisdiction the petition of Suburbia Automotive Ventures, Inc. against the P46.05 million tax assessments issued by the Bureau of Internal Revenue (BIR). The BIR issued a preliminary assessment notice (PAN) dated Sept. 6, 2010 assessing...
The Court of Tax Appeals (CTA) has denied for lack of jurisdiction the petition filed by a businesswoman against the Bureau of Customs (BOC) over the seizure of seven vintage magazines stuffed with collectible banknotes. Collectible banknotes, like vintage magazines, "are sought after by collectors...
The Philippines has emerged as a prime investment destination through tax reforms that have created a favorable business environment for foreign investors, according to a report of property advisory firm Colliers. The report published on Friday, Feb. 28, cited the Corporate Recovery and Tax...
The Court of Tax Appeals (CTA) has cancelled and set aside the P48.5 million in local franchise taxes assessed for collection by the Cagayan provincial government against Smart Communications, Inc. for the years 2011 to 2015. “We find that petitioner’s (Smart Communications) franchise...
The Court of Tax Appeals (CTA) has denied the petition of Nippon Express Philippines Corporation for a tax refund of P18.7 million from the Bureau of Internal Revenue (BIR). Nippon Express filed an application for tax credits or refunds before the BIR on July 13, 2020 in the amount of...
Senator Sherwin Gatchalian has called on the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR) to immediately suspend a rule requiring members of cooperatives to obtain their respective tax identification numbers (TINs) before they are granted tax exemption privileges. ...
The Court of Tax Appeals (CTA) has denied the petition of E-Power Security and Investigation Services, Inc. which sought the suspension of the collection of the disputed tax liability for taxable year 2015 by the Bureau of Internal Revenue (BIR). On Nov. 21, 2022, the CTA's first division dismissed...
The Court of Tax Appeals (CTA) has denied for lack of jurisdiction the petition of Dole Philippines, Inc.-Stanfilco Division against the Davao City local government and its officials led by former mayor Rodrigo R. Duterte on environmental tax assessments. Dole Philippines, which is engaged in the...
The government is offering tax deductions to private donors supporting six priority programs in this year's list of the state planning agency National Economic and Development Authority (NEDA). Earlier this month, NEDA came out with the 2025 National Priority Plan (NPP), which listed down key...
BACOLOD CITY – Sen. Francis Tolentino pushed the removal of the 12 percent Value-Added Tax on power rates to reduce the cost of electricity and lower the prices of goods and services that rely on power. TOLENTINO In an interview at Nature’s Village Resort in Talisay City, Negros Occidental on...
