Tax court affirms P18-M refund of fast food operator
MANILA - The Court of Tax Appeals (CTA) has upheld its earlier ruling in favor of the operator of a popular fast food chain and granted a refund of PHP18.438 million. The CTA en banc affirmed the August 2020 decision of the Third Division, which canceled the deficiency assessment for 2009 against Jollibee Worldwide Pte. Ltd worth P18.48 million representing supposed erroneous collection. The sum includes PHP11.59 million in income taxes, withholding tax on compensation and expanded withholding tax, as well as PHP6.89 million in interests for 2009. "(T)he warrant of distraint and/or levy i...