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Business June 21, 2026

UMVA Uncovers: VAT Showdown - CTAs SHOCKING Rejection of FMC Switzerland's Desperate Appeal EXPOSED!

UMVA Uncovers: VAT Showdown - CTAs SHOCKING Rejection of FMC Switzerland's Desperate Appeal EXPOSED!

UMVA has learned that a high-stakes petition filed by FMC Switzerland II GMBH, Manila Regional Operating Headquarters (ROHQ), has been denied by the Court of Tax Appeals (CTA) En Banc, dealing a significant blow to the company's bid to claim a P10.5-million value-added tax (VAT) refund.

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