The Philippine Supreme Court issued a Temporary Restraining Order (TRO) to stop the enforcement of the Court of Tax Appeals (CTA) ruling which ordered Saranggani Congressman Manny Pacquiao and his wife Jinkee to post a cash bond in the amount of P3,298,514,894.35 (US$74.9 Million) or a surety bond in the amount of P4,947,772,341.53 (US$112.4 Million), as a condition for suspending the collection of alleged deficiency 2008 and 2009 income tax and value added tax by the Bureau of Internal Revenue while their appeal is still being heard.
The CTA (First Division) was further ordered to proceed with CTA Case No. 8683 with “deliberate dispatch”. [Click Here To Read More]
The CTA (First Division) was further ordered to proceed with CTA Case No. 8683 with “deliberate dispatch”. [Click Here To Read More]
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