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SC junks BIR bid to collect P300-M in corporate taxes from PAL

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The Supreme Court building in Manila. INQUIRER FILE PHOTO

The Supreme Court has denied for lack of merit the petition of the Bureau of Internal Revenue to reverse a Court of Tax Appeals ruling that stopped them from collecting over P300 million in corporate income tax from the Philippine Airlines.

Posted: October 18th, 2013 in Latest Business Stories | Read More »

Coca-Cola’s petition for tax refund denied

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coca-cola

The Court of Tax Appeals has denied the petition of Coca-Cola Bottlers Philippines Inc. for a refund of some P80.4 million in value-added tax that the company claims it overpaid in 2008.

Posted: May 27th, 2013 in Latest Business Stories | Read More »

Pagcor told to pay P48M in fringe benefit tax

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Going to higher authority will not save a taxpayer from his obligations, Philippine Amusement and Gaming Corp. (Pagcor) learned in a costly way.

Posted: February 25th, 2013 in Latest Business Stories | Read More »

PAL gets P2.1M tax refund for in-flight booze

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INQUIRER FILE PHOTO

The Court of Tax Appeals (CTA) has ordered the Bureau of Internal Revenue and the Bureau of Customs (BOC) to refund Philippine Airlines P2.1 million in excise taxes it had paid in 2008.

Posted: February 8th, 2013 in Latest Business Stories | Read More »

Court of Tax Appeals rulings favor Waterfront, PAL

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The Court of Tax Appeals foiled the taxman’s pursuit of arrears from Waterfront Cebu City Hotel and Casino, ruling that the company even exceeded its dues.

Posted: January 21st, 2013 in Headlines | Read More »

Court orders BIR to refund P15.29-M VAT to mining firm

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The Court of Tax Appeals has ordered the Bureau of Internal Revenue (BIR) to refund or issue a tax credit certificate worth P15.29 million in favor of Semirara Mining.

Posted: April 5th, 2012 in Latest Business Stories | Read More »

Court orders BIR to return P19M in taxes wrongly collected from sugar co-op

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The Court of Tax Appeals has ordered the Bureau of Internal Revenue (BIR) to refund over P19 million in advance value added tax (VAT) erroneously collected from a sugar producers’ cooperative.

Posted: February 24th, 2012 in Latest Business Stories | Read More »

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