Research
Maybank Research Downgrades Semirara Mining and Power Corporation to Hold from Buy; Price Target is PHP17
PSE:SCC
PSE:SCC
3 stories mentioning PSE:SCCUpdated 8h ago
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Research
CLSA Upgrades Semirara Mining and Power to Accumulate from Reduce; Price Target is PHP22.30
PSE:SCC
Asia
Semirara Mining Retains Tax-Exempt Status on Fuel Imports, Supreme Court Rules
Semirara Mining and Power's (PSE:SCC) tax-exempt status on fuel imports has been upheld by the Supreme Court of the Philippines, according to a decision issued on Jan. 20 and released last week.Under the ruling, the government has been mandated to refund 27.3 million Philippine pesos collected as value-added tax to the company.The high court's Third Division upheld an earlier Court of Tax Appeals ruling in favor of the mining company after rejecting a petition filed by the Internal Revenue commissioner.The Local Government Code is limited to local government taxation and does not extend to national internal revenue taxes, Associate Justice Maria Filomena D. Singh wrote in the ruling.
PSE:SCC
