The Philippines: Tax court denies San Miguel Corp. refund of P3.8 mln excise taxes paid in 2015
The Court of Tax Appeals (CTA) thumbed down the appeal of San Miguel Corp. (SMC) for a review of the court’s decision to deny the company’s claim for a refund of the P3.8-million excise taxes it paid in 2015 for its San Mig Light in Kegs product, the BusinessWorld Online reported on February 15.
In a decision published on CTA’s website on Feb. 4, it said that it dismissed SMC’s claim due to “lack of merit.”
SMC claimed that the court should have taken judicial notice of the required sworn statements on the net retail price of its product. Such sworn statements are the basis for the computation of excise tax on the product.
SMC claimed that it had already submitted the sworn statements to the Bureau of Internal Revenue (BIR).
However, the CTA ruled that SMC should have formally offered the said documents to the court.
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