Stay updated with breaking news from Belen Ringpis. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
THE Court of Tax Appeals (CTA) has junked the bid of the Bureau of Internal Revenue (BIR) to recover P305.7 million alleged deficiency income taxes for the period 2004 to 2009 of former Pampanga Second District Rep. Juan Miguel “Mikey” T. Arroyo, and wife Angela M. Arroyo. In a 10-page decision penned by Associate Justice
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...