House Ways and Means Committee chair and Albay 2nd district Rep. Joey Salceda welcomed Department of Finance (DOF) Secretary Ralph Recto's withdrawal of the proposed tax increase on capital gains, which the lawmaker previously opposed. Salceda earlier objected to Recto's suggestion in the draft of...
Panfilo "Ping" Lacson (Lacson's office) Alyansa para sa Bagong Pilipinas senatorial candidate Panfilo "Ping" Lacson is batting for additional incentives for local government units (LGUs) as a way to improve their local tax collection while...
The Court of Tax Appeals (CTA) has denied the petition of Sony Philippines, Incorporated for a tax refund of P60 million representing alleged unutilized creditable withholding taxes (CWT) for the fiscal year that ended on March 31, 2019. Sony Philippines filed an application for tax credits or...
The Court of Tax Appeals (CTA) has denied the P40 million tax refund sought by the Lepanto Consolidated Mining Company for its alleged unutilized input value-added tax (VAT) attributable to zero-rated sales for 2018. In its petition, Lepanto Consolidated Mining said that it exported all of its...
(Unsplash) Alyansa para sa Bagong Pilipinas senatorial bet Benhur Abalos has reiterated his call to abolish the value-added tax (VAT) on electricity, as well as taxes on fuel exclusively used for power generation. This, as Filipinos...
The Court of Tax Appeals (CTA) has denied the petition of Sankyu-ATS Consortium-B against the Bureau of Internal Revenue (BIR) for P2.5 million tax refund for alleged excess and unutilized input value-added tax (VAT) for the fourth quarter of 2018. Sankyu-ATS, a logistics services firm, filed on...
BIR Commissioner Romeo D. Lumagui Jr. Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. is confident that the government’s main tax agency will meet its ₱3.23 trillion collection goal this year after it exceeded its first quarter targets. “Based on the progress of...
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,...
