The Court of Tax Appeals (CTA) has denied the petition of Avaloq Philippines Operating Headquarters which sought from the Bureau of Internal Revenue (BIR) a tax refund of P3 million for its zero-rated sales for the 3rd and 4th quarters of 2017.Avaloq Philippines is engaged in the sourcing and...
The Court of Tax Appeals (CTA) has denied the petition of Philippine Airlines, Inc. (PAL) which sought a refund of more than P20 milion it paid under protest in 2019 for excise taxes on imported liquor and tobacco products.In a decision promulgated last Jan. 24, the CTA as a full court rules that...
For "lack of jurisdiction," the Court of Tax Appeals (CTA) has dismissed the petition filed by Schaeffler Philippines, Inc. seeking a tax refund of P10.27 million from the Bureau of Internal Revenue (BIR).Schaeffler, a firm engaged in the manufacture of high-precision components and systems for...
The Court of Tax Appeals (CTA) has denied the petition of Deutsche Knowledge Services Pte., Ltd. which sought an additional refund or tax credit for P8.2 million for the second quarter of taxable year 2019.Deutsche Knowledge is the Philippine branch of a multinational company organized and existing...
For lack of jurisdiction, the Court of Tax Appeals (CTA) has dismissed the petition filed by HP PPS Philippines, Inc. which sought P165.2 million tax refund or tax credits from the Bureau of Internal Revenue (BIR) for fiscal year 2017.HP PPS, a firm engaged in computer and peripheral equipment...
The Court of Tax Appeals (CTA) has denied the petition filed by SL Harbor Bulk Terminal Corporation to compel the Bureau of Internal Revenue (BIR) to issue tax credit for P10.33 million as alleged erroneously paid taxes.SL Harbor filed its administrative claim for tax credit on June 26, 2020 for...
The Commission on Audit (COA) has disallowed another set of tax credit certificates (TCCs) granted to several textile companies, the Department of Finance (DOF) said.
In a report by the COA Special Audits Office to Finance Secretary Carlos G. Dominguez III, the commission said it has...
