PMFTC pledges P10 billion in agriculture, BPO investments
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Coronavirus pandemic slams revenues of Philippines top 1000 firms
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MANILA - The Court of Tax Appeals (CTA) ruled in favor of the government and against cigarette manufacturer PMFTC, Inc.'s excise tax refund claim for the PHP2.7 billion it paid in 2014 and 2015 for packs containing less than 20 sticks. The tribunal "has no recourse but to dismiss the petition considering that the two-year prescriptive period (under the Tax Code) is not only mandatory but is also jurisdictional," stated the November 25 decision penned by Associate Justice Juanito Castaneda Jr. of the CTA 2nd Division. Jurisdiction refers to the power of a court to decide on a particular case on the merits granted by the law and cannot be waived. Republic Act 10351, or the Sin Tax Reform of 2012, states that all cigarettes, whether packed by hand or by machine, shall only be packed in 20s and through other packaging combinations that shall result in not more than 20 sticks. In case of cigarettes packed in not more than 20 sticks, whether in 20 sticks, 10 sticks, or other pa