The aggregate P20-billion refund ordered by the Energy Regulatory Commission (ERC) and reflected in electric bills had eased consumers’ financial burden while the country wades through the economic hurdles of the pandemic, according to the regulatory agency. The payback mandate to customers since...
The Commission on Audit (COA) has disallowed in audit some P318.572 million representing tax refunds that were issued despite alleged violations of the complete documentary requirements and “mandatory and jurisdictional conditions” in its grant by the Bureau of Internal Revenue (BIR) . Bureau...
Senator Risa Hontiveros on Sunday, August 15 decried the audacity at which the National Grid Corporation of the Philippines (NGCP) warned of future increases in electricity rates if it continues to contract suppliers for larger power reserves. Hontiveros said she is wondering how the NGCP is bold...
The Court of Tax Appeals (CTA) has rejected the P4.4-million tax refund petition of Philippine Airlines (PAL) for the importation of cigarettes and liquor for its in-flight and commissary supplies. (Photo from Philippine Airlines Facebook page) PAL paid the amount in 2012 and 2013, but did so under...
Electricity consumer group Power for People Coalition (P4P) has again criticized Department of Energy (DOE) Secretary Alfonso Cusi, who it described as more preoccupied with political intramurals than his supposed main function with the agency. DOE Secretary Alfonso Cusi (Ariel Fernandez/ MANILA...
The Value Added Tax (VAT) refund system of the Bureau of Internal Review (BIR) is working efficiently with a success rate of 90 to 95 percent, according to tax experts. This was disclosed by tax experts at the virtual webinar “Tax Talks: BIR Revenue Regulation 09-2021 VAT on Purchases by...
The Court of Tax Appeals (CTA) has turned down the petition of a foreign cigarette company to get back from the Bureau of Internal Revenue (BIR) more than P305 million in advance excise tax payments due to its failure to submit complete tax refund documents. (Photo by Pawel Czerwinski/ Unsplash)...
The Court of Tax Appeals (CTA) has ordered the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) to refund to the Philippine Airlines (PAL) the more than P402 million in specific taxes that it paid in protest for importing aviation gas. (Photo from PAL Facebook page) The court en...
The Civil Service Commission (CSC) announced Saturday, May 8, 2021, that it will refund the P500 examination fee to the registered examinees of the cancelled March 15, 2020 Career Service Examination-Pen and Paper Test (CSE-PPT) starting this May. (CSC Facebook Page) Under its Resolution No....
The Energy Regulatory Commission (ERC) has approved P13.885 billion worth of refund to Manila Electric Company (Meralco) that will translate to rate reduction of P0.1528 per kilowatt hour (kWh) in their customers’ electricity bills by next month. (MANILA BULLETIN) As mandated by the regulatory...
Power utility giant Manila Electric Company (Meralco) has applied for regulatory approval on its proposal to refund to its customers P13.885 billion cost over-recoveries arising from the implementation of its actual weighted average tariff (AWAT) within the lapsed regulatory period from July 2015...
The Energy Regulatory Commission (ERC) has tapped mid-tier accounting and advisory firm Roxas Cruz Tagle and Co., a member company of BDO International Ltd., to be its third party consultant in the audit of refunds carried out by power utility giant Manila Electric Company....
