THE Supreme Court has rejected San Miguel Corp.'s bid to claim a P30.4-million tax refund, the Bureau of Internal Revenue (BIR) said on Wednesday.

BIR Commissioner Romeo Lumagui Jr. said the high court, in an April 12, 2023 decision, had ruled that the conglomerate was not entitled to a refund of documentary stamp taxes (DST) on intercompany advances made in 2009 based on Section 179 of the National Internal Revenue Code (NIRC).

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details