VERA FILES AT 10: BIR finds Code-NGO liable for P4.86B tax for PEACe Bonds
10 years, 10 stories.
Tag Archives: Code-NGO
SC issues TRO on PEACe bond tax
THE Supreme Court on Tuesday granted the petition of eight of the country's largest banks for a temporary restraining order on the Bureau of Internal Revenue ruling imposing a 20 percent final withholding tax on the controversial 10-year Poverty Eradication and Alleviation Certificates (PEACe) bonds.
8 banks ask SC to stop gov’t from withholding tax on PEACe Bonds
By Interaksyon.com
EIGHT banks on Monday asked the Supreme Court to stop the government from imposing a 20-percent final withholding tax on P35 billion worth of the controversial Poverty Eradication and Alleviation Certificates (PEACe) government bonds, which will mature on Tuesday, October 18. (Read the full report here)
Revised BIR ruling includes final PEACe Bond holders in tax coverage
THE Bureau of Internal Revenue modified on Monday its Oct. 7 ruling to include “all subsequent holders” of the PEACe Bonds, in addition to the original buyer, the Caucus of Development NGO Networks (Code-NGO), as liable to pay the 20 percent final withholding tax on the bonds that mature Tuesday.
BIR finds Code-NGO liable for P4.86B tax on PEACe Bonds
By LUZ RIMBAN and YVONNE T. CHUA
THE BUREAU of Internal Revenue has found the Caucus of Development NGO Networks (Code-NGO) liable to pay close to P5 billion in taxes for its purchase of the so-called PEACe Bonds 10 years ago.
