Lorenzo Shipping wins petition to drop BIR’s P2B tax case
The Philippine Commission on Tax Appeals (CTA) has granted Lorenzo Shipping Corporation’s (LSC) petition to cancel the P2-billion tax deficiency case filed against the…
BIR ruling clears up VAT exemption for int’l cargo, passenger transport
A newly released ruling of the Bureau of Internal Revenue (BIR) clarified the coverage of value-added tax (VAT) exemptions for the passenger and cargo…