CTA denies P407-M tax refund claimed by OceanaGold

CTA denies P407-M tax refund claimed by OceanaGold

The Court of Tax Appeals (CTA) has denied anew the petition of Oceanagold Philippines, Inc. (OGPI) for a tax refund or tax credit of P407 million which it allegedly paid erroneously for the period July 2015 to December 2016.The ruling issued by the CTA as a full court affirmed the decision and resolution handed down by the tax court’s second division in 2023 and 2024, respectively.As a result of the division’s ruling, OGPI appealed before the CT…