THE Court of Tax Appeals (CTA) said it granted a motion for reconsideration sought by Grand Plaza Hotel Corp., in effect cancelling the company’s 2008 tax deficiency of over P508 million, citing the absence of a valid payment deadline.

THE Court of Tax Appeals (CTA), sitting en banc, upheld the rejection of a VAT refund claim made by Carmen Copper Corp. worth over P70 million, citing jurisdiction rules after the company failed to act within the required period.

TWO WORKER representatives on the Metro Manila Wage Board said the reported P25 wage hike for the region is inadequate, ahead of the new wage order’s official announcement today.

THE WORLD BANK and the government are preparing a $17.3-million project seeking to improve the latter’s capacity to implement water management projects.

SENATOR Sherwin T. Gatchalian said the proposed Network Freedom Act filed in the Senate may provide for a nine-month lock-in period for mobile devices before users are allowed to change telecommunications networks.

SENATOR LEILA M. DE LIMA has filed a resolution calling for an inquiry into the possible displacement of families in Metro Manila from the two construction projects under the government’s ‘Build, Build, Build’ infrastructure program.

THE SENATE COMMITTEE on civil service, government reorganization and professional regulation is pushing for the passage of two bills that will provide night-shift differential pay and hazard pay to government workers.

The Regional Trial Court (RTC) of Makati released its decision on the petition of banks seeking the invalidation of Bureau of Internal Revenue (BIR) Revenue Regulations (RR) No. 4-2011, which prescribed the rules for the proper allocation of costs and expenses for banks and financial institutions, for income tax reporting purposes. The RTC ruled that RR No. 4-2011 is unconstitutional, and ordered a permanent injunction on its implementation.

MALACAÑANG said the reported P25 minimum wage increase for Metro Manila is not yet official and remains under review, after labor and employer representatives claimed knowledge of information contained in the National Capital Region (NCR) wage order ahead of its release.

THE 47,000 metric tons (MT) of rice awarded to bidders in the latest import auction will arrive by Dec. 1, Agriculture Secretary Emmanuel F. Piñol said.

THE Department of Transportation (DoTr) said a commercial agreement with China for the Subic-Clark Railway may not be ready for signing when Chinese President Xi Jinping visits next month.

THE GOVERNMENT will take no action to ensure that airlines will operate out of the proposed Bulacan International Airport, signalling that the project needs to convince carriers to transfer to the new facility on its own commercial merits.