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  • Tax court hits online gaming firm with P30.7-M VAT deficiency

    Tax court hits online gaming firm with P30.7-M VAT deficiency

    MANILA – The Court of Tax Appeals (CTA) has ordered an online gaming company to pay more than P30 million in deficiency value-added tax (VAT) for 2019. In a 24-page decision dated July 28, the CTA Special Second Division directed I-Cyberworld Biz, an online gaming firm based in Kamuning, Quezon City, to settle PHP30.7 million…