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Condo association dues subject to VAT—BIR

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The Bureau of Internal Revenue filed a criminal complaint against Golden Food Choice Trading & Industries Inc., which allegedly owed the government more than P323 million in taxes. AFP PHOTO

Association dues paid by residents of condominiums are still subject to value added tax (VAT), noting that recent rules on the issue remain valid, according to the Bureau of Internal Revenue (BIR).

Posted: June 26th, 2014 in Latest Business Stories | Read More »

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

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The Supreme Court (SC) has upheld the disqualification of three mining firms from exploration and extraction activities in the country because they were not Filipino corporations. 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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pagcor-logo

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 »

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