The Court of Tax Appeals (CTA) has turned down the petition of a Lipa City-based automotive wiring harness and weld cap manufacturer to get back from the Bureau of Internal Revenue (BIR) more than P53 million in unused input value-added tax (VAT) payment for late filing.
Source: mb.com.ph
Latest Posts in "Philippines"
- Economists Warn Scrapping VAT Could Trigger Fiscal and Economic Crisis
- Cavite Rep Files Bill to Abolish 12% VAT, Proposes Alternative Taxes
- Rep. Barzaga Files Bill to Abolish 12% VAT on All Goods and Services
- Kiko Barzaga Proposes Abolishing 12% VAT for Greater Financial Freedom in the Philippines
- VAT Reduction to 10% Risks Fiscal Deficit, Benefits Wealthy, Warns Philippine Finance Department