Saturday, April 5, 2014

Aneco fights back with petition to collect taxes

Manila Standard Today
By Alvin T. Guanzon | Apr. 05, 2014 at 12:01am

BUTUAN CITY—Agusan del Norte Electric Cooperative Inc. said it will file a motion for reconsideration before the Regional Trial Court Branch 3 over its Writ of Preliminary Mandatory Injunction stopping the collection of value-added taxes and other impositions, an official said.

ANECO’s Finance and Administrative chief Rodolfo Ranoco told the media on Thursday that the order needed to be revisited but no refund would be made on taxes already paid for on power generation, system loss and subsidy.

“The court ordered us to refrain collecting taxes on March 31, 2014 as this was the date the writ was issued and so from there on we will not collect taxes anymore only from March 31 onwards,” he told dxBC-RMN.

“And since we are definitely filing Motion for Reconsideration, ANECO will treat those supposedly tax payments as arrears because the moment the court reverses its earlier decision, we will collect that again.”

The tax entries printed in ANECO billings will remain pending ANECO’S motion, Raneco said.

The injunctive relief granted to the petitioner-consumers led by City Council Sergio Pascual covered among other items, VAT on revenue or systems loss, VAT on revenues on distribution, supply, metering, exempted from lifeline subsidy of electricity to electric coop members and Income Tax or income from Cooperative Development Authority-registered operations.

In granting the injunction, the court cited the Certification of Tax Exemption issued by the Bureau of Internal Revenue on December 7, 2011 to ANECO as a cooperative under the CDA without any bearing on its privileges claimed under the National Electrification Administration as a power distributor. source

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