Tax court upholds power firm’s P101-M refund
The Court of Tax Appeals has upheld an earlier decision to grant power generation and distribution firm First Philippine Utilities Corp.’s (FPUC) refund claim worth P100.9 million, enjoining the Bureau of Internal Revenue (BIR) from collecting any penalty assessments it issued against the company. In a 16-page decision promulgated on May 24, the appellate court […]
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