Thursday, January 28, 2021

Manila Port Operator Ordered To Pay P33-M In Deficiency Tax

Manila Port Operator Ordered To Pay P33-M In Deficiency Tax

Spotlight

Synergeia Rolls Out Assessment Tests To Gauge Learning During Pandemic

With these new assessment tests, we'll finally know if distance education is indeed effective amid a pandemic.

Save The Children Philippines, BARMM Forge Partnership To Fulfill Children’s Rights

Save the Children Philippines brings hope to protect children from the horrors of gun battles especially in parts of Muslim Mindanao.

Save The Children PH Welcomes Smart Communication For Children’s Learning Access

Smart Communications, Inc. and Save the Children Philippines jointly donated four School-in-a-Bag packages for learning communities in the Bangsamoro Autonomous Region in Muslim Mindanao!

SM Scholar-Graduate Instills Leadership Competencies In Youth

An inspiring story of an SM Scholar alumna!

The Court of Tax Appeals (CTA) has ordered publicly-listed port operator, Asian Terminals Inc. (ATI), to pay the City of Manila PHP33.36 million representing deficiency in local business tax for the years 2013 and 2014.

In a 21-page decision dated September 25, 2019, the tax court’s Third Division, through Associate Justice Erlinda Uy, reversed and set aside the decision of the Manila Regional Trial Court (RTC Branch 7) in the case. Associate Justices Ma. Belen M. Ringpis-Liban and Maria Rowena Modesto-San Pedro concurred.

The RTC decision, reversed by the CTA had said ATI’s revenues earmarked for remittance to the Philippine Ports Authority (PPA) amounting to PHP1.443 billion for 2013 and PHP2 billion for 2014 are not part of ATI’s income, and therefore not subject to local business tax.

However, the CTA in reversing the lower court said, “(T)here is no competent, valid and authenticated documentation definitively showing the specific amounts of PHP1.443 (billion) for 2013 and PHP2.006 (billion) for 2014 were earmarked and remitted by respondent ATI to the Philippine Ports Authority (PPA)”.

The tax court thus ordered ATI to pay PHP33.3 million representing deficiency Local Business Tax for the said years. (PNA)

Latest News

PRRD OKs Limited F2F Classes In Medical, Allied Health Programs

President Duterte approves schools and Universities with medical allied programs to open face-to-face classes in GCQ areas.

Inter-Continental Online Conference To Discuss The Role Of Peace Education

The inter-continental peace conference has successfully made its way to discuss the role of peace education from 70 countries, including the Philippines.

PH Ready For Arrival Of Vaccines: Galvez

"Mayor, prepared po tayo," Secretary Galvez said to President Duterte, citing the facilities and deployment readiness of the country for Covid-19 inoculation.

SM Obtains Third Gold Award In Asia Sustainability Reporting

SM Investments Corporation (SMIC) becomes the sustainability reporting Gold Awardee in Indonesia for the third consecutive time!

Children’s Safety Is Duterte’s Primary Concern: Palace

Sa iyong palagay, hanggang anong edad ba dapat ang hindi muna pwedeng lumabas ng bahay?

Go Welcomes Nod For Cheaper, Safer Saliva Tests For Covid-19

Naniniwala si Sen. Christopher Bong Go na makakatulong ang paggamit ng saliva tests para sa Covid-19 sa pagpapaunlad muli ng industriya ng turismo sa bansa.

Salceda Files Bill To Modernize Gov’t Services

Albay Representative Joey Salceda files a bill seeking to streamline inefficient government processes to modernize the delivery of citizen services.

Palace Tackles Proposed Price Cap On Pork, Other Food Products

Mas magmamahal pa kaya ang presyo ng baboy?

DA To Mass-Produce New Test Kits For ASF In February

Good news! Rapid test kits for African swine fever will soon be available!

Synergeia Rolls Out Assessment Tests To Gauge Learning During Pandemic

With these new assessment tests, we'll finally know if distance education is indeed effective amid a pandemic.