The Department of Energy and Bureau of Internal Revenue are clashing over taxes reaching P18 billion
This is AI generated summarization, which may have errors. For context, always refer to the full article.MANILA, Philippines – State auditors ruled that the Department of Energy and Bureau of Internal Revenue should seek adjudication over the P18.4-billion excise tax assessment on the removal and export of condensates generated by the Malampaya project operations from 2005 to 2018.
In August 2011, the DOE settled just over half of it – P2.36 billion – covering the period from 2001 to the first half of 2005. In November 2018, the BIR assessed that the DOE owed them P18.4 billion in excise tax from July 2005 to September 2018. Subsequently, the BIR formally requested the DOE to settle its deficiencies, a move which the DOE failed to challenge within 30 days.
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