One solution that often gets overlooked is tapping into the vast pool of unutilized GPUs—those owned by individuals and enterprises that are only used some of the time. There are enough GPUs out ...

In cases of excess quarterly payments or unutilized creditable withholding taxes, the filing of the annual income tax return is considered the payment of the tax. The BIR is then given a 180-day ...

The Court of Tax Appeals (CTA) has been consistent with its stand that in a claim for refund, before the unutilized input VAT of prior quarters can be applied to the current quarter’s output tax ...

Tapping unutilized funds for unprogrammed projects such as those under the Philippine Health Insurance Corp. (PhilHealth) will significantly boost the country’s economy and help achieve the government ...

SECTION 112 of the Tax Code (Republic Act [RA] 8424, as amended) states that a taxpayer may claim for refund or request for issuance of tax credit certificate for its excess unutilized input ...

ISLAMABAD: The Petroleum Division has prepared a summary for the Economic Coordination Committee (ECC) of the Cabinet regarding the Third-Party Access (TPA) to government-contracted unutilized ...

Before this, Jaro disclosed the breakdown of this amount, saying that P4.1 billion from its total budget was unutilized in 2019, P2.2 billion in 2020, over P970 million in 2021, and over P820 ...

The COA cited the government hospital’s “failure to establish a good working system for procurement, property and inventory ...

MANILA, Philippines — A lawmaker questioned the Commission on Higher Education (CHEd) on Thursday about its P8 billion unutilized funds from 2019 to 2022, saying that the amount could have been ...