Court grants P2-M tax refund of PAL

THE Supreme Court (SC) has upheld a decision of the Court of Tax Appeals (CTA) ordering the Bureau of Internal Revenue (BIR) to refund to the Philippine Airlines (PAL) the amount of more than P2 million representing its erroneously paid excise tax in 2008.

In its decision, the SC’s Second Division denied the petition for review on certiorari filed by the BIR as it affirmed the assailed decision and resolution of the CTA en banc, dated April 30, 2014 and December 16, 2014, respectively.