Monday, September 28, 2020

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

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


7 Commandments To Revitalize The Country Safely

Medical experts recommend strict health protocols for public transportation.

Alibaba Cloud Launches New Digital Ecosystem Strategy In The Philippines

This will help local businesses adapt further to the new normal!

EDC Donates PCR Machines To Enhance Negros Oriental’s COVID-19 Resiliency

Energy Development Corporation donates equipment worth P8.5-million to Negros Oriental.

CeMAP, PISI Express Full Support For Bayanihan To Recover As One Act

The Cement Manufacturers Association of the Philippines and Philippine Iron and Steel Institute announce full support to the recently signed Bayanihan to Recover as One Act.

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

7 Helpful Apps For Your Online Classes

Make your online classes easier to deal with with these apps!

PLDT Assures Stable Internet Connection During Maintenance Works

PLDT assures its users that their connection would be stable during its emergency maintenance works.

Taguig Inaugurates COVID-19 ‘Mega-Complex’ Facility

Taguig City inaugurates its COVID-19 mega-complex facility which will host the new city-run Molecular Laboratory, the Lakeshore Mega-quarantine facility, and the Lakeshore National Testing Facility.

Palace Believes AFP Not Involved In Fake FB Accounts

Malacañang believes that none of the fake accounts taken down by Facebook are accounts managed by the Armed Forces of the Philippines.

CA Junks Suit Filed By Customs Exec Accused Of Corruption

The Court of Appeals dismisses for lack of merit a petition filed by Bureau of Customs official Teodoro Jumamil questioning his suspension by the Office of the Ombudsman.

Mayor Labella Releases Video On Protocols Vs. COVID-19

The video features millennial twins singing the song 'Igsuon Ko'!

Bacolod Cops Put Up Food Bank

The BCPO Food Bank currently has 14 sacks of rice, 2 boxes of canned goods, and 4 boxes of instant noodles gathered through donations.

DSWD Starts Release Of P793-M Pension To Soccsksargen Seniors

The DSWD in Soccsksargen has started the release of about PHP793 million in social pension of indigent senior citizens.

PH Displays ‘Int’l Leadership’ For Call To Address Climate Change

The Institute for Climate and Sustainable Cities, an international climate and energy policy group based in the Philippines, lauds the Philippine government for its display of "international leadership" at the 75th United Nations General Assembly.

PRO-11 To Unveil Covid Testing Facility In October

The chief of the PRO-11 is optimistic the COVID-19 molecular testing laboratory inside their headquarters will be inaugurated next month.