CTA refunds P19.8-M tax overpayment to Cebu firm
MANILA - The Court of Tax Appeals (CTA) has granted a claim filed by the Cebu City-based Philippine Mining Service Corp. (PMSC) for a refund of PHP19.8 million in taxes it overpaid in 2016. In its decision dated Oct. 29, the tax court granted the petition filed by PMSC for a refund or a tax credit certificate for PHP19,802,406 representing PMSC's unapplied excess input value-added tax (VAT) from zero-rated sales from July to December 2016. First formed in 1980, the firm provides financial and technical assistance to the exploration and use of dolomite extracted by the Dolomite Mining Corp....
Source: philippinetimes.com