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SC upholds tax refund for PAL

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PAL. FILE PHOTO

The Supreme Court has upheld the Court of Tax Appeals’ order for the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC) to refund to Philippine Airlines some P4.55 million in excise taxes that PAL had paid, under protest, in 2007 for its imported cigarette and liquor supplies for its international flights.

Posted: September 19th, 2014 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 »

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 »

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