MANILAThe Court of Tax Appeals (CTA) has granted a tax refund/credit of PHP44.48 million to San Miguel Brewery Inc. over excise taxes imposed on its beer products collected four years ago.
In a 25-page decision dated June 13, the CTA's Special Second Division through Associate Justice Juanito C. Castaneda Jr. ordered the Commissioner of Internal Revenue to "refund or issue a tax credit certificate" in favor of San Miguel "for the erroneously, excessively and or illegally collected excise taxes on its San Mig Light and other beer products in bottles and cans for the taxable year 2015."
Associate Justice Catherine T. Manahan concurred with the ruling which partially granted San Miguel refundable excise taxes of PHP44.48 million.
San Miguel had originally sued to be refunded or be issued a tax credit certificate of PHP48.266 million for what it claimed was excessive or erroneous excise taxes collected on its beer products between Jan. 1,2015 to Dec. 31, 2015. (PNA)
Source: Philippines News Agency