Sec extends the deadlines for posting of additional securities deposit and substitution of securities deposit to align the same with the deadline of the audited financial statements
Php 12 million refunds of customs duties granted; Petroleum Fuel purchased and delivered to an ecozone for the production of glass products is exempt from customs duties and taxes.
Php 54 million real property tax assessment upheld; Real property tax exemption arising from tax incentives is a question of fact subject to prior exhaustion of administrative remedies.
Php 37 million local business tax assessment canceled; City treasurer must be authorized to file a case in the form of City Charter or Resolution; Common carriers are exempt from local business tax.
