The Court of Tax Appeals (CTA) has ordered the Bureau of Internal Revenue (BIR) to refund San Miguel Holdings Corp. (SMHC) the P50.62-million it paid for surcharges on its documentary stamp tax liabilities for the year 2011.
In a 28-page decision dated June 5, the court’s Second Division partially granted the petition of SMHC—the infrastructure arm of the Ramon Ang-led San Miguebin pickingl Corp.—to get a refund for the tax it paid under protest.
The CTA, however, allowed the BIR to keep the principal amount of P59.32 million as basic tax, saying it is proper to impose the DST on SMHC’s advances from its parent company and other affiliates.

bin picking