CTA Rejects Nestle’s Petition on Sweetened Beverage Taxes
Manila: The Court of Tax Appeals (CTA) has turned down a petition filed by Nestle Philippines Inc. questioning the imposition of sweetened beverage taxes (SBT) over its line of malt-flavored drink. According to Philippines News Agency, in a 13-page decision dated Aug. 7, the CTA’s Second Division dismissed for lack of jurisdiction the suit filed by Nestle, and also turned down the firm’s motion for the suspension of collection of taxes as it ‘is deemed moot and academic.’ Nestle had questioned the Bureau of Internal Revenue’s revenue memorandum circular (RMC) and letters directing it to pay SBT on Milo products