THE Court of Tax Appeals (CTA) has rejected an appeal by Pilipinas Kyohritsu, Inc. to review its claim for P38.68 million in excess value-added tax (VAT) for 2012, citing late filing of the petition. The 11-page CTA First Division decision was dated Nov. 8 and made public on Nov. 11 filed on time. “Prescription has […]
Tag: filing
Ruling party row: Pacquiao expelled by Duterte group; Pimentel dismisses pronouncement
THE RULING PDP-Laban party under President Rodrigo R. Duterte on Sunday announced that Senator Emmanuel “Manny” D. Pacquiao has been automatically expelled for filing his certificate for presidential candidacy under a different party, but the other faction led by the party founder’s son dismissed the pronouncement. Mr. Pacquiao on Friday filed his candidacy under the Progressive Movement for the Devolution of Initiatives (PROMDI), noting the party’s alliance with PDP-Laban […]
Agencies rehearse possible scenarios during COC filing
AS PART of preparations for the filing of the certificates of candidacy (COC) for the May 2022 local and national elections, the Commission on Elections (Comelec)-Cebu City, the Cebu City Police Office and the Cebu City Disaster Risk Reduction and Management Office conducted a simulation exercise on Thursday, Sept. 30, 2021. Police Capt. Edgar Labe, […]
House approves ease of paying taxes bill on 2nd reading
HOUSE LEGISLATORS approved a measure on second reading Monday that would ease the process of filing taxes in order to encourage taxpayers to pay their dues. House Bill 8942 or the Ease of Paying Taxes Act seeks to simplify rules and processes in filing and paying taxes, such as removing venue restrictions and introducing a medium taxpayer classification. The measure would also remove the […]
On to the tax audit period
Physical exhaustion, sleepless nights, and anxiety are among the words that some might use to describe the experience of taxpayers and their accountants in this tax season just concluded, an ordeal heightened by the effects of the pandemic and lockdowns. Thinking about the tax filing season, I remember Sisyphus, from Greek mythology, who was made […]