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Sandigan affirms tax credit scam raps vs textile trader

The Sandiganbayan has finished the trial of the graft and estafa cases filed against textile company owner Grace Chingkoe in connection with the multibillion-peso tax credit scam in the 1990s.

COA voids textile firms ₧390-M illegal TCCs | Bernadette D Nicolas

THE Commission on Audit (COA) disallowed another set of illegal tax perks worth P390.04 million that were granted to textile companies from 2008 to 2014, bringing the current total of invalidated tax credit certificates (TCCs) received by these firms to P3.41 billion. Citing a report from the COA Special Audits…

COA disallows new set of TCCs—DOF

The Commission on Audit (COA) has disallowed another set of tax credit certificates (TCCs) granted to several textile companies, the Department of Finance (DOF) said. In a report by the COA Special Audits Office to Finance Secretary Carlos G. Dominguez III, the commission said it has disallowed new

Textile-firm TCCs voided by COA in 6 years now ₧3B | Bernadette D Nicolas

THE Commission on Audit (COA) has so far invalidated P3 billion in tax credits that were found to have been illegally issued to several textile companies from 2008 to 2014. Citing a report from COA Special Audits Office, the Department of Finance (DOF) said another set of tax credit certificates…

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