The right to recover versus the right to assess

 Economy
Aug 052015
 

Vigilantibus sed non dormientibus jura subveniunt. The law aids the vigilant, not those who slumber on their rights.
Last June, no less than the Court of Tax Appeals (CTA) reminded us of the truth and application of this time-honored doctrine of law in an action for recovery of erroneously paid taxes (CTA Case No. 8147 dated 22 October 2014 as amended on June 10, 2015). In this case, the taxpayer was issued a Preliminary Assessment Notice (PAN) in connection with a tax investigation covering the taxable year 2002. Due to the execution of four consecutive waivers, the PAN was issued only in 2008, or five years after the filing of the tax return.

PCSO: Lone bettor wins P53.988M in Megalotto 6/45 draw

 News
Jun 282013
 
PCSO: Lone bettor wins P53.988M in Megalotto 6/45 draw

A lone lotto bettor became P54.988 million richer after hitting the jackpot in the Philippine Charity Sweepstakes Office’s Megalotto 6/45 draw Friday night. The PCSO said the bettor got the correct combination of 20-19-42-18-32-01 to win the night’s jackpot worth P53,987,876. But as in the past, the PCSO is not likely to make public the winner’s name, for security reasons. On Thursday night, a lone winner bagged the P33.917-million jackpot of the PCSO’s Lotto 6/42 draw. Last June 6, two lotto bettors got the winning combination of 22-13-05-19-25-10 to win the Lotto 6/42 jackpot worth P39,462,944. On June 4, a lone lotto bettor became P90.996 million richer after hitting the jackpot in the PCSO Superlotto 6/49 draw. Last April 30, two lucky bettors shared P95,932,278 after getting the combination to the Superlotto 6/49 draw jackpot. But the biggest lotto prize in recent history was still in November 2010, when a lone bettor won some P741.176 million for getting the winning combination 11-16-42-47-31-37.  —  ELR, GMA News

Lone winner bags P33.917M Lotto 6/42 jackpot

 News
Jun 272013
 
Lone winner bags P33.917M Lotto 6/42 jackpot

A lone winner bagged the P33.917-million jackpot of the Philippine Charity Sweepstakes Office Lotto 6/42 draw Thursday night. The PCSO said the winner got the combination of 38-27-32-35-22-08 to win the night’s jackpot worth P33,917,556.00. The PCSO the winner’s name. Meanwhile, no one won the Superlotto 6/49 draw for Thursday night. The combination was 33-46-30-44-18-41 for the jackpot worth P46,648,476. On Wednesday, no one won the PCSO’s Grand Lotto draw that featured a prize of P153,004,061.20. Last June 6, two lotto bettors got the winning combination of 22-13-05-19-25-10 to win the Lotto 6/42 jackpot worth P39,462,944. On June 4, a lone lotto bettor became P90.996 million richer after hitting the jackpot in the PCSO Superlotto 6/49 draw. The PCSO said the bettor got the winning combination of 20-05-45-35-26-21 to win the night’s jackpot worth P90,996,106.40. Last April 30, two lucky bettors shared P95,932,278 after getting the combination to the Superlotto 6/49 draw jackpot. But the biggest lotto prize ever won was the November 2010 Grand Lotto draw, when a lone bettor won some P741.176 million for getting the winning combination 11-16-42-47-31-37. — DVM, GMA News

NDRRMC: National quake drill set on June 10

 News
Jun 062013
 
NDRRMC: National quake drill set on June 10

One week after a magnitude-5.7 quake jolted Cotabato, the National Disaster Risk Reduction and Management Council will hold a nationwide simultaneous earthquake drill this Monday, June 10. The NDRRMC said its chairman and Defense Secretary Voltaire Gazmin will lead the drill at Barangay San Vicente in San Manuel town in Pangasinan at 9 a.m. of Monday. “The drill shall include San Roque Dam in its scenario and aims to gauge the response of the local government surrounding communities,” it said. Gazmin will be joined by NDRRMC executive director Eduardo del Rosario and Philippine Institute of Volcanology and Seismology head Renato Solidum Jr. in leading the drill. In Pangasinan, local officials including Governor Amado Perez and San Manuel Mayor Alain Jerico Perez are also expected to attend. “This activity is part of the ongoing disaster preparedness activities of the NDRRMC-Office of Civil Defense,” the NDRRMC said. Last June 1, a magnitude-5.7 quake hit Cotabato and caused damage to several houses and schools, forcing may students to miss the first week of school.  The quake has prompted the provincial council to declare a state of calamity over Cotabato. —KG, GMA News