Ga onbeperkt met Magzter GOLD
Krijg onbeperkte toegang tot meer dan 9000 tijdschriften, kranten en Premium-verhalen voor slechts
Poging GOUD - Vrij
Eastern Petroleum wins tax case
Business Mirror
|March 23, 2026
THE Court of Tax Appeals (CTA) has barred the Bureau of Internal Revenue (BIR) from collecting P849.14 million from Eastern Petroleum Corporation representing its supposed deficiency taxes for taxable year 2014.
In a 16-page decision, the CTA’s Special Second Division held that the tax assessments issued by the BIR against Eastern Petroleum are “invalid” due to its failure to provide the due dates for the payment of the subject deficiency taxes.
The tax court upheld the oil company’s argument that the final assessment notice (FAN) issued by the BIR is void for being violative of its right to due process.
The petitioner pointed out that it received the formal letter of demand (ELD) and FAN on October 24, 2019 but was issued on October 22, 2019.
The FLD and FAN indicated a due date of September 30, 2019 for payment of the deficiency taxes.
Dit verhaal komt uit de March 23, 2026-editie van Business Mirror.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Business Mirror
Business Mirror
Obiena couldn't leap high enough against elite field
ERNEST JOHN “EJ” OBIENA could only clear 5.70 meters at the World Indoor Athletics Championships in Torun on Sunday to settle for a share of ninth place behind the unbeatable Armand Duplantis.
1 min
March 23, 2026
Business Mirror
PHL islands fixed-link project moves forward
A LONG-PLANNED fixed link connecting the Philippines’ three major island groups is moving a step closer to realization, asa feasibility study fora proposed Luzon—Visayas long-span bridge or undersea road tunnel is set to begin this year, while a separate study for a Visayas—Mindanao crossing is scheduled for 2027, a leader of the House of Representatives said on Sunday.
2 mins
March 23, 2026
Business Mirror
Why women are key to Manila's UN Security Council campaign
As the Philippines campaigns for a coveted Security Council seat, it is touting Filipina peacekeepers and a hard-won autonomy deal at home as proof it can help reshape how the UN keeps the peace.
5 mins
March 23, 2026
Business Mirror
Eala progresses in Miami Open
ALEX EALA talked about how she progressed from last year's tournament after she advanced to the round of 16 of the Miami Open following a 6-3, 7-6 (2) victory over Poland’s Magda Linette on Sunday in Miami, Florida.
1 min
March 23, 2026
Business Mirror
Central bankers around the world in a tough spot
MONETARY policymakers from the US to Europe to Japan all held the line on interest rates this week as they assess the economic fallout from a war-driven spike in energy costs.
2 mins
March 23, 2026
Business Mirror
230 people rescued as flash flooding hits Hawaii and officials warn 120-year-old dam could fail
Muddy floodwaters from severe rains inundated streets, pushed homes off their foundations, swallowed vehicles and prompted evacuation orders for thousands of residents in towns north of Honolulu on Friday as officials warned of the possible failure of a 120-year-old dam.
3 mins
March 23, 2026
Business Mirror
Fertilizer shock escalates as new supply risks emerge
THE war in the Middle East has created major disruptions to global supplies of nitrogen-based crop nutrients.
3 mins
March 23, 2026
Business Mirror
Remote villages get cheaper drinking water
THE Department of Environment and Natural Resources (DENR) said clean drinking water is now accessible to some of the most isolated barangays in the country.
2 mins
March 23, 2026
Business Mirror
Reig sends strong message with victory in Davao
IRIENOLD REIG JR. announced his arrival as Philippine triathlon’s next big force by claiming a breakthrough victory in the BYD IRONMAN 70.3 Davao presented by Aboitiz along the blistering stretch of the Davao Coastal Road on Sunday.
1 min
March 23, 2026
Business Mirror
Marina Antonio and her fashion dynasty
THIS Women's Month presented the perfect opportunity to celebrate the phenomenal fashion designer Marina Antonio, who is being given a fitting tribute by the women she nurtured, influenced and inspired—her daughter Malu Veloso, grandchildren Vicky and Letlet Veloso, and great-grandchild Hannah Barrera.
4 mins
March 23, 2026
Listen
Translate
Change font size