{"id":5246,"date":"2023-07-19T05:36:43","date_gmt":"2023-07-19T05:36:43","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/07\/19\/philippine-court-of-tax-appeals-denies-melco-resorts-leisure-corps-vat-refund-claim\/"},"modified":"2023-07-19T05:36:43","modified_gmt":"2023-07-19T05:36:43","slug":"philippine-court-of-tax-appeals-denies-melco-resorts-leisure-corps-vat-refund-claim","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/07\/19\/philippine-court-of-tax-appeals-denies-melco-resorts-leisure-corps-vat-refund-claim\/","title":{"rendered":"Philippine Court of Tax Appeals Denies Melco Resorts Leisure Corp\u2019s VAT Refund Claim"},"content":{"rendered":"<div>\n<p>The Court of Tax Appeals in the Philippines has confirmed its prior decision and denied Melco Resorts Leisure Corp\u2019s demand for a PHP 81.12-million (US$1.49-million) refund on VAT paid in the first quarter of 2016. The court judgement, delivered on July 11 and made public on Monday, noted the company\u2019s insufficient proof to back its refund request.<\/p>\n<p>While the court acknowledged that Melco Resorts Leisure Corp, a subsidiary of global casino operator Melco Resorts &#038; Entertainment Ltd, was entitled to certain tax benefits under the <strong><a href=\"https:\/\/igaming.org\/casino-news\/pagcor-reiterates-commitment-to-privatize-casino-filipino\/\" target=\"_blank\" rel=\"noopener\">Philippine Amusement and Gaming Corp<\/a><\/strong> (Pagcor) charter and Presidential Decree 1869, the company\u2019s submission allegedly lacked critical records. The court determined that there was a lack of documentation about the filing date of VAT returns and the payment of VAT allegedly passed on to the company by its suppliers.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative mb-10\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Katsubet\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Katsubet.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative\">\n\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Katsubet\" target=\"_blank\" rel=\"nofollow noopener\">Katsubet<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>5BTC or 111% + 111 Free Spins!<\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive 111% Welcome Bonus  + 111 Free Spins in Aztec Magic Deluxe\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/katsubet.partners\/p49d913a1\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Without the required paperwork, the court was unable to determine the timely and proper filing of a petition under the Tax Code for the refund or credit of wrongfully or unlawfully collected taxes, resulting in the rejection of Melco Resorts Leisure\u2019s VAT refund claim.<\/p>\n<p>Melco Resorts Leisure Corp manages the well-known City of Dreams Manila, a lavish casino resort in the heart of the Philippine capital\u2019s Entertainment City. The world-class amenities, luxurious gaming facilities, and unrivaled entertainment experiences have made the integrated resort famous.<\/p>\n<p>The court highlighted that Melco Resorts Leisure qualified for tax breaks under the Pagcor charter and Presidential Decree 1869. Companies licensed by Pagcor are exempt from most taxes, with the exception of a 5% franchise tax calculated on gross revenue earned from their operations, according to section 13 of the decree.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative mb-10\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative\">\n\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow noopener\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus &#8211; 350% bonus on your first deposit up to 5BTC\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/mirax.partners\/a5279d0cf\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The Philippines\u2019 Bureau of Internal Revenue (BIR) denied Melco Resorts Leisure Corp\u2019s request for a VAT tax refund, claiming that it did not meet the eligibility requirements. According to a 2013 memorandum, income from gaming operations is subject to a 12% VAT and is not eligible for tax credits.<\/p>\n<p>Melco Resorts Leisure Corp. may face financial consequences if the court refuses to give the VAT refund. The firm is a major player in the Philippine gaming sector as the operator of City of Dreams Manila. It is unclear how this decision would affect the company\u2019s financial performance and future operations.<\/p>\n<p>This decision offers insight on the complicated taxation structure in the Philippine casino industry and demonstrates the intense scrutiny focused on tax refund applications. Legal conflicts over tax concerns continue to be keenly observed by business stakeholders and government agencies alike as the industry evolves.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/philippine-court-of-tax-appeals-denies-melco-resorts-leisure-corps-vat-refund-claim\/\">Philippine Court of Tax Appeals Denies Melco Resorts Leisure Corp\u2019s VAT Refund Claim<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Court of Tax Appeals in the Philippines has confirmed its prior decision and denied Melco Resorts Leisure Corp\u2019s demand for a PHP 81.12-million (US$1.49-million) refund on VAT paid in the first quarter of 2016. The court judgement, delivered on July 11 and made public on Monday, noted the company\u2019s insufficient proof to back its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-5246","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5246","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=5246"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/5246\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=5246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=5246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=5246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}