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For want of a nailâ€¦

For want of new spare parts, the year opened with chaos reigning at the Ninoy Aquino International Airport. ....

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CTA affirms P12-M tax credit for Kuwait Airways

MANILA - The Court of Tax Appeals (CTA) has affirmed the grant of a tax credit to the Kuwait Airways Corp. for PHP11.97 million representing its overpaid income tax for the year ending March 2016. In its 24-page decision dated June 16 and written by Associate Justice Lanee Cui-David, the tax court en banc affirmed the May 2021 decision of the CTA's Second Division on the case. The CTA en banc said no new or substantial arguments were made by the parties to persuade the tribunal to reverse the findings of the second division. In its May 2021 decision, the tax court's Second Division partially granted the firm's petition and ordered the issuance of the tax credit certificate (TCC). The amount represents overpaid income taxes on its Gross Philippine Billings (GPBs) for the year 2016. GPB refers to the amount of gross revenue derived from the carriage of persons, excess baggage, cargo, and mail originating from the Philippines in a continuous and uninterrupted flight, irrespect ....

Ad Daw Ah , United Arab Emirates , Saudi Arabia , City Of , United Kingdom , Abu Dhabi , Kuwait Airways , Kuwait Airways Corp , Second Division , Tax Appeals , Associate Justice Lanee Cui David , Gross Philippine Billings , Manila The Court Of Tax Appeals Cta Has Affirmed Grant Ofa Credit To Kuwait Airways Corp For Php11 97 Million Representing Its Overpaid Income Year Ending March 2016 In 24 Page Decision Dated June 16 And Written By Associate Justice Lanee Cui David , He Tax Court En Banc Affirmed The May 2021 Decision Of Cta 39s Second Division On Case Said No New Or Substantial Arguments Were Made By Parties To Persuade Tribunal Reverse Findings In Its , He Tax Court 39s Second Division Partially Granted The Firm Petition And Ordered Issuance Of Credit Certificate Tcc Amount Represents Overpaid Income Taxes On Its Gross Philippine Billings Gpbs For Year 2016 Gpb Refers To Revenue Derived From Carriage Persons , Excess Baggage , Nd Mail Originating From The Philippines Ina Continuous And Uninterrupted Flight , Rrespective Of The Place Sale Or Issue And Payment Ticket Passage Document Any International Carrier Doing Business In Philippines Paysa Tax 2 5 Percent Its Gpbsa Credit May Be Used As Converted Asa Cash Refund Cta Said Petitioner Filed Administrative Judicial Claims On Time There Was An Erroneous Overpayment Income Kuwait Airways Also Has Flights To Dubai Abu Dhabi United Arab Emirates , Saudi Arabia , Doha In Qatar , Istanbul In Turkey , Nd Beirut , Ebanon Pna ,