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Caltex vs COA: OPSF Tax Offset Ruling by Praisah Marjorey Picot is a document available to read on EtoBox.

What is Caltex vs COA: OPSF Tax Offset Ruling about?

Caltex claimed that it should be allowed to offset taxes owed to the Oil Price Stabilization Fund (OPSF) against reimbursements it was owed from the fund. The Commission on Audit disallowed the offsetting. The Court ruled that taxes cannot be the subject of offsetting or compensation because the government and taxpayer are not creditors/debtors to each other. Further, the purpose of the OPSF is for public interest in stabilizing oil prices, so contributions to the fund are considered taxes that must be remi

Author

Praisah Marjorey Picot

Language

EN