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What is La Carlota Sugar Central Tax Exemption Case about?

The La Carlota Sugar Central imported fertilizers for use on five haciendas owned by Elizalde. The Central Bank imposed a 17% exchange tax on the import. La Carlota filed for a refund, claiming exemption under Section 2 of RA 601. The Auditor General denied the exemption, finding the import was not for planters or farmers directly or through cooperatives as required. The Supreme Court affirmed, holding the law clearly exempts only imports by planters/farmers directly or through cooperatives. Exempting impor

Author

Alyssa Guevarra

Language

EN