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THE Commission on Audit (COA) disallowed another set of tax credit certificates (TCCs) previously granted to textile firms worth P424.26 million, bringing the current total to P3.83 billion. In a statement on Monday, the Department of Finance said the latest set of TCCs that were disallowed by the audit body… ....
The government has lost P3.41 billion in revenue after granting tax credit certificates to textile firms unqualified for fiscal incentives, according to the Commission on Audit. ....
THE Commission on Audit (COA) disallowed another set of illegal tax perks worth P390.04 million that were granted to textile companies from 2008 to 2014, bringing the current total of invalidated tax credit certificates (TCCs) received by these firms to P3.41 billion. Citing a report from the COA Special Audits… ....
THE Commission on Audit (COA) has so far invalidated P3 billion in tax credits that were found to have been illegally issued to several textile companies from 2008 to 2014. Citing a report from COA Special Audits Office, the Department of Finance (DOF) said another set of tax credit certificates… ....
Invalidated textile tax credits reach P3 billion - BusinessWorld Online bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.