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Olizon vs. Central Bank: Tax Refund Case by Michael De Castro is a document available to read on EtoBox.

The Central Bank of the Philippines collected special excise taxes from Olizon for foreign exchange transactions, but later conceded the tax was illegal. Olizon sued to recover the payments, arguing they were made due to a mistake in interpreting the law. The Central Bank appealed, claiming it could only refund with proof and the suit was essentially against the state without consent. The court held the suit was not against the government but the Central Bank, which as an entity can sue and be sued, so stat

Author

Michael De Castro

Language

EN