Gear Up With Summer-Ready Watches Built For Everyday Toughness

Gear up for summer with watches that are built for everyday toughness. These timepieces are designed to withstand the elements and keep up with an active lifestyle.

Concentrix Strengthens Employee Security And Well-Being Through Comprehensive Benefits

Concentrix is dedicated to enhancing employee security and well-being through a wide range of comprehensive benefits.

Vivant Water 20 MLD Desalination Plant Partners With MCWD For Water Supply In Metro Cebu

Vivant Water has entered into a significant partnership with the Metropolitan Cebu Water District to secure water supply for Metro Cebu.

Balik Probinsya Tips: 4 Ways To Maximize Your Out Of Town Trip

Summer is here, and many are heading to their hometowns for family reunions or a much-needed break. Here are ways to enhance the experience.

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

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

45
45

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

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)