The Court of Tax Appeals (CTA) has stood by its ruling that rejected Melco Resorts Leisure Corp.’s P81.12-million refund claim allegedly representing illegally collected excess input value-added tax (VAT) for the first quarter of 2016.
In a 29-page decision dated July 11 and made public on July 17, the CTA full court said the firm failed to prove that it filed a timely claim for a refund, despite finding it entitled to tax privileges under the law.
Source: www.bworldonline.com
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