philippines - Tax & Revenue

Tax Court orders P44-M Refund to San Miguel

MANILA, Jun 14 (PNA) - The Court of Tax Appeals (CTA) has granted a tax refund/credit of PHP44.48 million to San Miguel Brewery Inc. over excise taxes imposed on its beer products collected four years ago.
Date: 14 June 2019; Type: Legal News; Source: Philippine News Agency

Congress approves Higher Tax on Tobacco

MANILA, Jun 3 (PNA) - The House of Representatives on Tuesday adopted the Senate version of the measure that aims to raise the excise tax on tobacco products.
Date: 04 June 2019; Type: Legal News; Source: Philippines News Agency

Senate OKs Tobacco Tax Hike Bill with New Amendments

MANILA, Jun 4 (PNA) - The Senate approved on third and final reading a bill seeking to increase the excise tax on tobacco products after reconsidering its passage to propose new amendments.
Date: 04 June 2019; Type: Legal News; Source: Philippine News Agency

Senate okays Tobacco Tax hike Bill on Third Reading

MANILA, Jun 3 (PNA) - The Senate on Monday approved on third and final reading a measure seeking to increase the excise taxes on tobacco products in a bid to reduce smoking prevalence among Filipinos and to generate additional funding for the government's Universal Health Care program.
Date: 03 June 2019; Type: Legal News; Source: Philippine News Agency

PRRD certifies Bill seeking Higher Tobacco Excise Tax

MANILA, May 29 (PNA) - President Rodrigo R. Duterte has certified as urgent Senate Bill 2233, which seeks to increase excise taxes on tobacco products.
Date: 29 May 2019; Type: Legal News; Source: Philippine News Agency

Estate Tax Amnesty rules finalized by June

MANILA, May 27 (PNA) - The Bureau of Internal Revenue (BIR) has conducted public consultations to discuss the proposed Revenue Regulations (RR) to implement the provisions of Republic Act 11213 relative to the Estate Tax Amnesty, officials of the bureau's Public Information and Education Division said in a statement on Monday.
Date: 27 May 2019; Type: Legal News; Source: Philippines News Agency

CTA stresses Discretionary Power of Revenue Agency to abate Taxes

MANILA, May 20 (PNA) - A ruling by the Court of Tax Appeals (CTA) en banc has stressed revenue officials' discretionary power to abate a tax liability under certain circumstances.
Date: 20 May 2019; Type: Legal News; Source: Philippine News Agency

Zenaida N Valencia and 4 Others v People of the Philippines

Date: 04 April 2019; Court: Court of Tax Appeals; Citation: CTA EB Crim No. 042; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Saturn Holdings Corporation

Date: 04 April 2019; Court: Court of Tax Appeals; Citation: CTA EB No. 1747; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Island Quarry and Aggregates Corporation

Date: 05 April 2019; Court: Court of Tax Appeals; Citation: CTA EB No. 1750; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Sabre Travel Network

Date: 08 April 2019; Court: Court of Tax Appeals; Citation: CTA EB No. 1806; Source: Court of Tax Appeals

Kodec Precision Inc v Commissioner of Internal Revenue

Date: 08 April 2019; Court: Court of Tax Appeals; Citation: CTA EB No. 1762; Source: Court of Tax Appeals

Hedcor Inc v Commissioner of Internal Revenue

Date: 08 April 2019; Court: Court of Tax Appeals; Citation: CTA EB No. 1761; Source: Court of Tax Appeals

Gamma Gray Marketing v Commissioner of Customs

Date: 10 April 2019; Court: Court of Tax Appeals; Citation: CTA Case No. 9855; Source: Court of Tax Appeals

SM Residences Corp v The Commissioner of Internal Revenue

Date: 10 April 2019; Court: Court of Tax Appeals; Citation: CTA Case No. 9395; Source: Court of Tax Appeals

Colt Commercial Inc v The Commissioner of Internal Revenue

Date: 10 April 2019; Court: Court of Tax Appeals; Citation: CTA Case No. 9340; Source: Court of Tax Appeals

Commissioner of Internal Revenue v Wellington Investment & Manufacturing Corporation

Date: 11 April 2019; Court: Court of Tax Appeals; Citation: CTA EB No. 1773; Source: Court of Tax Appeals

San Miguel Brewery Inc v Commissioner of Internal Revenue

Date: 11 April 2019; Court: Court of Tax Appeals; Citation: CTA Case No. 9223; Source: Court of Tax Appeals

Tullett Prebon (Philippines) Inc v Commissioner of Internal Revenue

Date: 12 April 2019; Court: Court of Tax Appeals; Citation: CTA Case No. 9320; Source: Court of Tax Appeals

Monza SPV-AMC (Asset Management Co) Inc v Commissioner of Internal Revenue

Date: 15 April 2019; Court: Court of Tax Appeals; Citation: CTA Case No. 9153; Source: Court of Tax Appeals

INDUSTRY UPDATES

Ambushed fiscal named Mindoro judge

MANILA, Jun 21 (PNA) - A female prosecutor who was shot and wounded as she was entering her home in Oriental Mindoro last June 10 is among the newly-appointed judges, Justice Secretary Menardo Guevara announced on Friday.

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ASEAN Chamber of Commerce, UiTM ink MoU to collaborate in Various Areas

KUALA LUMPUR, Jun 22 (Bernama) - ASEAN Chamber of Commerce and Universiti Teknologi Mara (UiTM) have inked a memorandum of understanding (MoU) to pave the way for collaboration in various areas of entrepreneurship, including research.

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INDUSTRY UPDATES

President Jokowi to attend 34th ASEAN Summit in Thailand

Jakarta, Jun 20 (ANTARA) - Indonesian President Joko Widodo will attend the 34th ASEAN Summit in Bangkok, Thailand, from June 22 to 23, 2019.

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INDUSTRY UPDATES

PCC OKs East West purchase of PBCOM Auto Loan Portfolio

MANILA, Jun 19 (PNA) - The Philippine Competition Commission (PCC) approved the acquisition by East West Banking Corporation (East West) of the auto loan portfolio of Philippine Bank of Communications (PBCom).

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INDUSTRY UPDATES

RI hopes for Progress in Timor Leste joining ASEAN

Jakarta, Jun 19 (ANTARA) - The Indonesian government has expressed its hopes that the ongoing evaluation of Timor Leste will result in its becoming a member of the Association of Southeast Asian Nations (ASEAN).

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MyCC to focus Efforts on Monitoring Cement Industry

KUALA LUMPUR, Jun 19 (Bernama) - The Malaysia Competition Commission (MyCC) says it will focus its efforts on consistently monitoring the cement industry in order to complement the government’s initiative in protecting the welfare of consumers.

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Amended Code did not affect Conflict of Interest - Witness

KUALA LUMPUR, Jun 18 (Bernama) - The Code of Ethics for Administration Members and Members of Parliament was amended by the Cabinet in 2013 but did not affect the conflict of interest provision, according to a Cabinet former deputy secretary-general (Constitution and Communication).

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Court urges Johor PTG to meet Orang Asli to settle Compensation Issue

JOHOR BAHRU, Jun 18 (Bernama) - The High Court here today encouraged the state Land and Mines Office (PTG) to engage in discussions with the Seletar tribe Orang Asli of Kuala Masai with the aim of settling compensation due as a result of wrongful acquisition of their land in Stulang Laut.

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Ex-CJ speaks out against Lawyers' Tendency to seek Postponements

KUALA LUMPUR, Jun 16 (Bernama) - Former Chief Justice Tun Zaki Azmi has spoken out against the tendency by certain defence lawyers to seek postponements of cases being heard in court.

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New Competition Commission already under Fire

Myanmar’s professed commitment to competition reform has come under fire after the government packed the new Competition Commission with bureaucrats serving under a minister.

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INDUSTRY UPDATES

NA Deputies give Opinions on Revised Labour Code

Hanoi, Jun 12 (VNA) - The revised Labour Code will the focus during the sitting of lawmakers on June 12 in the ongoing 7th session of the 14th National Assembly.

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INDUSTRY UPDATES

Ability to pay Taxes Online a Boon for Vietnam’s Import-Export Businesses

Hanoi, Jun 6 (VNS/VNA) - Around 99 percent of import and export tax payments in Ho Chi Minh City are made online, according to the customs department.

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INDUSTRY UPDATES

OWWA joins Urban Poor Caravan

MANILA, Jun 8 (PNA) - The Overseas Workers Welfare Administration (OWWA) will be joining the Presidential Commission for the Urban Poor (PCUP) caravan to inform the public of its programs on overseas employment.

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Palace declares June 24 Holiday in Manila

MANILA, Jun 6 (PNA) - Malacañang has declared June 24 as a special, non-working holiday in the City of Manila in celebration of its 448th founding anniversary.

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INDUSTRY UPDATES

Legal Profession faces inherent Risks not Exclusive to NUPL

MANILA, Jun6 (PNA) - A state lawyer of the Office of the Solicitor General said Thursday the legal profession faces "inherent risks not exclusive to the National Union of People’s Lawyers (NUPL)".

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INDUSTRY UPDATES

DOJ forms Panel to probe Jacky Co Case

MANILA, Jun 6 (PNA) - A prosecution panel has been assigned for the preliminary investigation on the complaints filed against alleged Chinese drug lord Jacky Co and others implicated in the smuggling of PHP1.8 billion worth of illegal drugs into the country.

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INDUSTRY UPDATES

Myanmar still short of Judges, says Supreme Court

The number of judges in the country is just two thirds of the number required, according the 2018 annual report of the Union Supreme Court.

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INDUSTRY UPDATES

RCI on Judicial Misconduct is what People Want - Dr Mahathir

PUTRAJAYA, Jun 5 (Bernama) - The government agreed to set up a Royal Commission of Inquiry (RCI) on judicial misconduct because this is what the people want, said Prime Minister Tun Dr Mahathir Mohamad.

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