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SC blocks P3.58-B tax collection vs Robinsons Convenience Stores

Business World Philippines

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January 12, 2026

THE Supreme Court (SC) has ruled in favor of Robinsons Convenience Stores, Inc., dismissing a petition by the Commissioner of Internal Revenue (CIR) and barring the government from collecting P3.58 billion in alleged deficiency taxes for the 2010 taxable year.

- — Erika Mae P. Sinaking

In a decision promulgated on Aug, 27, 2025, and made public on Jan. 8, the high court’s Third Division found no grave abuse of discretion on the part of the Court of Tax Appeals (CTA), which had earlier halted the Bureau of Internal Revenue (BIR) from enforcing collection measures against the retailer.

The SC said the tax assessments were void and could no longer be enforced.

Business World Philippines'den DAHA FAZLA HİKAYE

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Chicago soybeans, corn slip ahead of USDA report

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time to read

1 mins

January 13, 2026

Business World Philippines

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Ayala Land partners with Abba's Orchard for Vermosa campus

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January 13, 2026

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The Pitt and The Studio win top TV honors

time to read

3 mins

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time to read

2 mins

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Meralco rates go down in January

OVER EIGHT MILLION customers of Manila Electric Co. (Meralco) will see lower electricity bills this month as the power distributor announced a rate cut on Monday.

time to read

1 mins

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Business World Philippines

Peso slips vs dollar as markets eye Fed policy path

THE PESO slipped against the dollar on Monday as markets keep a close eye on the US Federal Reserve, with data showing it could keep rates steady but with fresh attacks by US President Donald J. Trump on Fed Chair Jerome H. Powell threatening its independence.

time to read

2 mins

January 13, 2026

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Seeking VAT zero-rating certainty after CREATE MORE

Have you ever heard of a rule so often in school that it simply stayed with you?

time to read

5 mins

January 13, 2026

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Miguel Tabuena fails to secure LIV Golf stint

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time to read

1 min

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Aboitiz Foods acquires Singapore animal nutrition company

ABOITIZ EQUITY Ventures, Inc. said its food unit, through subsidiary Gold Coin Management Holdings Pte. Ltd. (GCMH), has completed the acquisition of Singapore-based Diasham Resources Pte. Ltd., expanding its specialty animal nutrition portfolio and manufacturing footprint in Asia.

time to read

1 min

January 13, 2026

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