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MANILA, Philippines --- The Commission on Audit has lifted the notice of charge (NC) it earlier imposed on 13 mining companies engaged in black sand mining in Cagayan during the Aquino administration. In a decision dated June 11 but made public only on TueCagayan black sand miners win COA tax case
MANILA, Philippines --- The Commission on Audit has lifted the notice of charge (NC) it earlier imposed on 13 mining companies engaged in black sand mining in Cagayan during the Aquino administration. In a decision dated June 11 but made public only on Tuesday, the COA lifted the P94.8-million NC it had imposed on the mining companies due to alleged tax deficiencies. «The issuance of the NC was premature considering that the auditors failed to consider the assessment period and assessment procedure of the BIR (Bureau of Internal Revenue),» the COA said. It explained that it was the BIR and not COA auditors that was in charge of collecting taxes The case stemmed from the disco...Keep on reading: Cagayan black sand miners win COA tax case Read more