The Court of Tax Appeals (CTA) has denied the petition filed by FCF Minerals Corporation (FCF) -- a firm engaged in the exploration, development, and commercial operation of mineral claims -- to refund the P57.8 million taxes it paid for its imported equipment. In 2009, FCF and the government...
The Court of Tax Appeals (CTA) has denied the plea by a low-cost mass housing developer to get P4.6 million refund from the Bureau of Internal Revenue (DIR) for the taxes paid in 2012. In a decision promulgated last Aug. 24, the CTA’s special first division denied the petition filed by...
President Ferdinand "Bongbong" Marcos Jr. has approved the recommendation to implement the Value-Added Tax (VAT) Refund Program for foreign tourists by 2024 to boost tourist arrivals in the country. TOURISTS enjoy the sunset at world-famous Boracay Island in Malay town, Aklan province. (Tara Yap)...
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...
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)...
