Wednesday 16 January 2019
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inquirer - 8 month ago

COA rebuffs DOE, SolGen plea to let Malampaya gas firms keep P146.8-B underpayments

The Commission on Audit has rebuffed the appeal of the Department of Energy and the Office of the Solicitor-General to let the Malampaya gas consortium keep about P146.8 billion in underpayments that were not collected by the government. In a 15-page decision dated Jan. 24 and made public this week, COA sustained its April 6, 2015 ruling that the government should not have shouldered the consortium s income tax liabilities in computing its share of net revenues derived from the offshore natur

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