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THE Supreme Court has exonerated former First Gentleman Jose Miguel “Mike” Arroyo of any criminal liability in connection with the procurement of helicopters in 2009 amounting to P105 million. In a 19-page resolution, the Court’s Special Third Division reversed its previous ruling issued on January 27, 2020, which upheld an Office…
Published January 25, 2021, 1:41 PM More than 100 Filipino employees of the Asian Development Bank (ADB) have lost their appeal to recover P33.7 million in income tax remitted to the Bureau of Internal Revenue in 2012. The Court of Tax Appeals (CTA) en banc reversed the decision of one of its divisions granting the refund claim. The court’s Special Third Division stated that ADB workers were entitled to get back the payment as Revenue Memorandum Circular 31-2013 imposing the tax was issued only in 2013, which cannot be applied retroactively, only prospectively like other regulations. But th...