THE Supreme Court has rejected Taganito Mining Corp.'s (TMC) claim for refund of excess input value added tax (VAT) paid on domestic purchases of taxable goods and services and importation of goods worth more than P42 million in 2008.

In a 24-page decision penned by Chief Justice Alexander Gesmundo, the high tribunal's First Division denied the petitions for review of the Bureau of Internal Revenue (BIR) and TMC for lack of merit.

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