Health care provider wins tax dispute case
MANILA - The Court of Tax Appeals (CTA) ruled in favor of a health care management firm contesting PHP419.7 million in deficiency value-added tax (VAT) assessment for 2012. The CTA en banc denied for lack of merit the Bureau of Internal Revenue (BIR) petition and affirmed the First Division's earlier ruling in favor of Maxicare Healthcare Corporation, which claimed it was deprived of due process. In September 2015, Maxicare received a preliminary assessment notice (PAN) for PHP618,251,527.72, inclusive of penalties and surcharges, for 2012, which the health maintenance organization (HMO) c...
Source: philippinetimes.com