Close  
  • share this

SMB gets P761-M windfall

/ 12:19 AM June 20, 2017

The Court of Tax Appeals has ordered the Bureau of Internal Revenue (BIR) to refund San Miguel Brewery Inc. (SMB) P761.06 million in wrongfully imposed taxes in 2012.

The tax court’s Second Division reiterated previous rulings that the BIR cannot re-classify the brewery’s San Mig Light brand as a “variant” of the older Pale Pilsen brand.

ADVERTISEMENT

As a variant of the Pale Pilsen brand, the BIR demanded that SMB pay a tax of P20.57 per liter but SMB argued San Mig Light should be classified a “new brand” at only P15.49 per liter.

“It has been consistently ruled that  ‘San Mig Light’ is a new brand and not a variant,” the court said, referring to at least four en banc decisions in favor of SMB from September 2012.

FEATURED STORIES

Read Next
LATEST STORIES
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Court of Tax Appeals, San Mig Light, San Miguel Brewery Inc., San Miguel Pale Pilsen
For feedback, complaints, or inquiries, contact us.
newsinfo

Rock and roll nuns’ biggest gig for Pope

January 18, 2019 05:46 AM

sports

Broner fires up fight hype

January 18, 2019 05:45 AM

newsinfo

Albayalde: Court right forum to explain

January 18, 2019 05:42 AM

newsinfo

Duterte to make pitch for BOL in Cotabato assembly

January 18, 2019 05:40 AM

globalnation

Filipino priest wanted in Texas

January 18, 2019

newsinfo

Ex-military comptroller, wife acquitted

January 18, 2019

sports

Broner fires up fight hype

January 18, 2019

newsinfo

DOJ junks Rappler plea

January 18, 2019




© Copyright 1997-2019 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.