The Court of Tax Appeals (CTA) has denied the petition of Pacific Plaza Condominium Corporation which sought a tax refund of P3.18 million from the Bureau of Internal Revenue (BIR) In a petition, Pacific Plaza wanted to convince the CTA as a full court to reverse and set aside the decision of the...
The Department of Finance (DOF) is still considering slapping carbon tax as long as it won’t hike energy prices and instead facilitate the entry of green or environmentally sustainable investments. In a March 21 statement, the agency said it is working with the Washington-based multilateral...
The Court of Tax Appeals (CTA) has denied the petition filed by members of the Philippine Association of Meat Processors, Inc. (PAMPI) which challenged the implementation by the Bureau of Customs (BOC) of the increased tariff on the importation of mechanically deboned meat (MDM). Denied was the...
The Court of Tax Appeals (CTA) has ordered a businessman to pay the Bureau of Internal Revenue (BIR) P6.6 million in deficiency income and value-added taxes of his company for calendar year 2016. Redentor Agpuldo Tagala, proprietor of 7th Concept Trading and 7C Construction, filed a petition for...
Political uncertainty in the Philippines could intensify as former President Rodrigo Duterte’s influence on voters grows, potentially diverting attention from tax reforms and the proposed ₱200 wage increase. According to the Netherlands-based financial giant ING, midterm elections usually have...
Underscoring the need for government to help small businesses, former senator Bam Aquino said on Saturday, March 15, that a tax relief must be given to micro, small, and medium enterprises (MSMEs). Independent senatorial candidate Bam Aquino speaks to some micro-entrepreneurs and workers...
The Court of Tax Appeals (CTA) has affirmed the dismissal of the case filed against a businessman who was accused of non-payment of taxes amounting to P2.4 million. Faivo Pascual Bartolome, owner of Dashma Computer Systems and Services and Ilocostop Convenience Stores, was initially charged with...
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...
