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CREATE: More VAT confusion | Atty Irwin C Nidea Jr

The quest for a definite answer to the question what is the proper VAT treatment of a sale to a registered business enterprise (RBE) inside the ecozone? is a continuing saga. The first chapter started when Revenue Regulation (RR) 9-2021 wasreleased. RR 9-2021 was issued to implement the imposition of 12 percent…

CTA junks bid of PMFTC to recover ₧2 7B in taxes

Leading cigarette manufacturer Philip Morris Fortune Tobacco Corp. (PMFTC) has lost its bid to recover P2.7 billion in tax refund representing excise taxes paid for cigarette packs containing less than 20 sticks for the taxable period starting January 1, 2014 until December 31, 2015. In a 24-page decision, the Court…

Dispur assured us of protecting tribal land: CCTOA

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