CTA orders P96.5-M excise tax refund to Shell Pilipinas

THE Court of Tax Appeals (CTA) has ordered the Commissioner of Internal Revenue (CIR) to refund or issue a tax credit certificate worth P96.49 million to Pilipinas Shell Petroleum Corp., now known as Shell Pilipinas Corp., for excise taxes paid on imported Jet A-1 fuel later sold to international air carriers. In a 27-page decision […]