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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 »

SC reversal on tax refund case alarms investors

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Foreign businessmen from several foreign chambers of commerce have voiced their concern over a recent Supreme Court ruling that denied the value-added tax (VAT) refund claims of a large foreign investor in the country.

Posted: April 21st, 2013 in Headlines | 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 »

SC orders BIR to refund P360M to developer

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FBDC

The Supreme Court has ordered the Bureau of Internal Revenue to return about P360 million to property developer Fort Bonifacio Development Corp. (FBDC), which claimed it overpaid the government in value-added taxes (VAT) from the 1997 purchase of sale of lots at Global City.

Posted: September 22nd, 2012 in Latest Business Stories,Property Guide | Read More »

Property developer to get back P359.6B tax overpayment after SC ruling

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FBDC

The Supreme Court ordered the Bureau of Internal Revenue to refund real property developer Fort Bonifacio Development Corp. (FBDC) a P359.65 million overpayment of output value-added tax (VAT) for the first quarter of fiscal year 1997 in connection with the sale and lease of lots in Taguig.

Posted: September 21st, 2012 in Latest Business Stories | Read More »

DoF readies P9B tax refund for businesses

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The finance and budget departments are still preparing the guidelines for a five-year value-added tax refund worth a total of P9 billion for this year alone, according to Internal Revenue Commissioner Kim S. Henares.

Posted: June 4th, 2012 in Editor's Pick,Headlines | Read More »

Shell to contest SC decision on tax refund

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Shell Philippines Exploration BV (SPEX) has tapped Royal Boskalis Westminster N.V. of Netherlands for the installation of a depletion compression platform at the Malampaya gas field off Palawan—part of a planned $750-million Phase III expansion for the field.

Pilipinas Shell Petroleum Corp. is set to file a motion for reconsideration on or before May 22 this year to contest the Supreme Court decision that junked the oil firm’s petition to get a tax refund amounting to P95 million.

Posted: May 17th, 2012 in Latest Business Stories | Read More »

SC junks Shell’s bid for P95-M tax refund

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Shell Philippines Exploration BV (SPEX) has tapped Royal Boskalis Westminster N.V. of Netherlands for the installation of a depletion compression platform at the Malampaya gas field off Palawan—part of a planned $750-million Phase III expansion for the field.

The Supreme Court has rejected Pilipinas Shell Petroleum Corp.’s claim for a refund of more than P95 million in excise taxes which it had paid to the Bureau of Internal Revenue (BIR).

Posted: May 12th, 2012 in Latest Business Stories | Read More »

SC orders BIR to refund P58-M tax paid by San Miguel Corp.

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The Supreme Court today (Tuesday) affirmed the decision of the Court of Tax Appeals ordering the government to refund P58-million tax paid by San Miguel Corporation.

Posted: December 6th, 2011 in Latest Business Stories | Read More »

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