The ruling that bars consumers from seeking refund was contained in the SC’s decision that Maynilad Water and Manila Water are public utilities subject to the 12 percent return on investment and, thus, cannot recover from their consumers the corporate income taxes as operating expenses.
It stressed that the two water utilities should be compelled to refund the “illegally” passed on corporate income taxes to their respective water consumers. In GR Nos. 207444, 208207, 210147, 213227, and 219362, the SC affirmed the Concession Agreements entered into by MWSS with Manila Water and Maynilad, including the provision on arbitration clause.
“We are merely moving for partial reconsideration of the Court’s decision prohibiting the consumers from demanding a refund for our payment of their income tax for many years,” he said.
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: inquirerdotnet - 🏆 3. / 86 Read more »