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More tax credits from textile industry rejected - BusinessWorld Online

More tax credits from textile industry rejected - 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.

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COA disallows again TCCs of textile firms worth ₧424M

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… ....

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P3.4 billion lost from tax credits to unqualified textile firms

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. ....

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P390 million more in illegal tax certificates discovered by CoA

P390 million more in illegal tax certificates discovered by CoA
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.

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COA voids textile firms' ₧390-M illegal TCCs | Bernadette D. Nicolas

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… ....

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