Agdao Coop: Turnover Ceremony to Brgy Paciano Bangoy

Davao City. Agdao Coop turn over BPAT equipment and 2 trisikad units for Brgy Paciano Bangoy, the equipment turn over was graced by Agdao Coop under the SPS Committee headed by Board member Ruby Calderon, Dept Head Nonet Datulayta, Committee Officer Evangeline Gutang, and GM Patrimonio. The Barangay officials headed by Brgy Captain Eleno Layese and his Councilors were very grateful as well as the Peace and Order council of the Brgy.

Recognition of 2017 Performance

Agdao Coop Awarding of 2017 Performance

Congratulations to

 

BM Patrick Lumantas of Agdao Coop Digos Branch  

 

BM John Gestopa of Agdao Coop Toril Branch

 

BM Laurence Raciles of Agdao Coop Claveria Branch

 

BM Fermin Uy of Agdao Coop Obrero Branch

Picture GIF for Christmas Greetings

 

 

 

 

 

Bible Verses for Christmas Greetings!

John 1:14 (NIV)

The Word became flesh and made his dwelling among us. We have seen his glory, the glory of the one and only Son, who came from the Father, full of grace and truth

Isaiah 7:14 (NIV)

Therefore the Lord himself will give you a sign: The virgin will conceive and give birth to a son, and will call him Immanuel.

Galatians 4:4-5 (NIV)

⁴ But when the set time had fully come, God sent his Son, born of a woman, born under the law, ⁵ to redeem those under the law, that we might receive adoption to sonship

Isaiah 9:6-7New International Version (NIV)

⁶ For to us a child is born,
    to us a son is given,
    and the government will be on his shoulders.
And he will be called
    Wonderful Counselor, Mighty God,
    Everlasting Father, Prince of Peace.
⁷ Of the greatness of his government and peace
    there will be no end.
He will reign on David’s throne
    and over his kingdom,
establishing and upholding it
    with justice and righteousness
    from that time on and forever.
The zeal of the Lord Almighty
    will accomplish this.

Micah 5:2New International Version (NIV)

² “But you, Bethlehem Ephrathah,
    though you are small among the clans^[a] of Judah,
out of you will come for me
    one who will be ruler over Israel,
whose origins are from of old,
    from ancient times.”

1 John 5:11New International Version (NIV)

¹¹ And this is the testimony: God has given us eternal life, and this life is in his Son.

Mutual Fund Companies in the Philippines

Source: Pinoy Money Talk

In the Introduction to Philippine Mutual Funds article, you’ve seen what a mutual fund is and what types exist in the Philippines. Here now is a list of mutual fund companies who are members of the Investment Company Association of the Philippines.

* For a more updated list, see Pinoy Money Talk 2014 Complete List of Mutual Fund Companies and 2011 List of Mutual Funds in the Philippines with Contact Details

Stock Funds

• ATR- Kim Eng Equity Opportunity Fund – www.mutualfund.com.ph
• DWS Deutsche Philippine Equity Fund, Inc.
• First Metro Save and Learn Equity Fund – www.fami.com.ph
• Philam Strategic Growth Fund, Inc. – www.philamfunds.com
• Philequity Fund, Inc. – www.philequity.net
• Philequity PSE Index Fund Inc.
• Sun Life Prosperity Phil. Equity Fund, Inc. – www.sunlifefunds.com
• United Fund, Inc.

Index Funds

• Philippine Stock Index Fund Corp.
  

Balanced Funds

• ALFM Growth Fund, Inc.
• First Galleon Family Fund, Inc.
• First Metro Save and Learn Balanced Fund Inc.
• GSIS Kinabukasan Fund
• MFCP Kabuhayan Fund – www.mutualfund.com.ph
• Optima Balanced Fund, Inc.
• Philam Fund, Inc. – www.philamfunds.com
• Sun Life Prosperity Balanced Fund, Inc. – www.sunlifefunds.com
• Sun Life Prosperity Dollar Advantage Fund, Inc. – www.sunlifefunds.com

Bond Funds

• AIG Global Bond Fund Phils., Inc.
• ALFM Dollar Bond Fund, Inc.
• ALFM Euro Bond Fund, Inc.
• ALFM Peso Bond Fund, Inc.
• Cocolife Fixed Income Fund, Inc.
• DWS Deutsche Philippine Fixed Income
• Ekklesia Mutual Fund Inc.
• First Metro Save and Learn Fixed Income
• Grepalife Dollar Bond Fund (USD$) – www.grepafunds.com
• Grepalife Fixed Income Fund, Inc. – www.grepafunds.com
• MAA Privilege Dollar Fixed Income Fund, Inc. – www.maa.com.ph
• MAA Privilege Euro Fixed Income Fund, Inc. – www.mutualife.com.ph
• Philam Bond Fund, Inc. – www.philamfunds.com
• Philam Dollar Bond Fund, Inc. – www.philamfunds.com
• Philam Managed Income Fund
• Philequity Dollar Income Fund Inc.
• Philequity Peso Bond Fund
• Prudential Fixed Income Fund Inc.
• Sun Life Prosperity Bond Fund, Inc. – www.sunlifefunds.com
• Sun Life Prosperity Dollar Abundance fund – www.sunlifefunds.com
• Sun Life Prosperity GS Fund – www.sunlifefunds.com

Money Market Funds

• ATR Kimeng Money Market Fund, Inc.
• Sun Life Prosperity Money Market Fund, Inc. – www.sunlifefunds.com

Proclamation No 269: Declaring The Regular Holidays and Special (Non-working) Days For the Year 2018

Mobile Phone Number - Smart and Talk N Text , Globe and Touch Mobile, Sun Prefix Number

Just in case

0813	Smart
0817	Globe (VOIP)
0905	Globe or Touch Mobile
0906	Globe or Touch Mobile
0907	Smart or Talk N Text
0908	Smart
0909	Smart or Talk N Text
0910	Smart or Talk N Text
0911	Smart (unreleased)
0912	Smart or Talk N Text
0913	Smart
0914	Smart
0915	Globe
0916	Globe or Touch Mobile
0917 09173 09175 09176 09178	Globe Globe postpaid
0918	Smart
0919	Smart or Talk N Text
0920	Smart, Talk N Text, Addict Mobile
0921	Smart or Talk N Text
0922	Sun Cellular
0923	Sun Cellular
0924	Sun Cellular
0925 09253 09255 09256 09257 09258	Sun Cellular Globe postpaid Sun postpaid Globe postpaid Globe postpaid Sun postpaid
0926	Globe or Touch Mobile
0927	Globe or Touch Mobile
0928	Smart
0929	Smart or Talk N Text
0930	Smart, Talk N Text, Red Mobile
0932	Sun Cellular
0933	Sun Cellular

0934	Sun Cellular
0935	Touch Mobile
0936	Globe or Touch Mobile
0937	ABS-CBN (Globe) – not part of unli call and text promos
0938	Smart, Talk N Text, Red Mobile
0939	Smart, Talk N Text, Red Mobile
0942	Sun Cellular
0943	Sun Cellular
0945	Globe
0946	Talk N Text
0947	Smart
0948	Talk N Text
0949	Smart
0950	Talk N Text
0955	Globe or Touch Mobile
0956	Globe
0965	Globe or Touch Mobile
0970	Smart
0973	Extelcom
0974	Extelcom
0975	Touch Mobile
0976	Globe or Touch Mobile
0977	Globe
0978	Next Mobile
0979	Next Mobile
0981	Smart
0989	Smart or Talk N Text
0994	Globe
0995	Globe
0996	Cherry Prepaid (Globe) – not part of unli call and text promos
0997	Globe or Touch Mobile
0998	Smart
0999	Smart (old Umobile prefix)

Commissioner of the Internal Revenue vs Philippine Daily Inquirer GR No. 213943 BIR 3 Year Prescription Period

SECOND DIVISION

March 22, 2017

G.R. No. 213943

COMMISSIONER OF INTERNAL REVENUE, Petitioner
vs

PHILIPPINE DAILY INQUIRER, INC., Respondent

D E C I S I O N

CARPIO, J.:

The Case

Before the Court is a petition for review1 assailing the 4 November 2013 Decision2 and the 1 August 2014 Resolution3 of the Court of Tax. Appeals (CTA) En Banc in CTA EB Case No. 905. The CTA En Banc affirmed the 16 February 2012 Decision4 and the 8 May 2012 Resolution5 of the CTA First Division in CTA Case No. 7853 which granted the petition for review filed by Philippine Daily Inquirer, Inc. (PDI) and cancelled the Formal Letter of Demand dated 11 March 2008 and Assessment No. LN # 116-AS-04-00-00038-000526 issued by the Bureau of Internal Revenue (BIR) for deficiency Value Added Tax. (VAT) and income tax. for the taxable year 2004.

The Antecedent Facts

The facts of this case, as presented by the CTA, are as follows:

PDI is a corporation engaged in the business of newspaper publication. On 15 April 2005, it filed its Annual Income Tax Return for taxable year 2004. Its Quarterly VAT Returns for the same year showed the following:

	Date of Filing
For the First Quarter	20 April 2004
For the Second Quarter	16 July 2004
For the Third Quarter	18 October 2004
For the Fourth Quarter	21 January 20056

On 10 August 2006, PDI received a letter dated 30 June 2006 from Region 020 Large Taxpayers' Service of BIR under LN No. 116-AS-04-00- 00038. BIR alleged that based on the computerized matching it conducted on the information and data provided by third party sources against PDI's declaration on its VAT Returns for taxable year 2004, there was an underdeclaration of domestic purchases from its suppliers amounting to P317,705,610.52. The BIR invited PDI to reconcile the deficiencies with BIR's Large Taxpayers Audit & Investigation Division I (BIR-LTAID). In response, PDI submitted reconciliation reports, attached to its letters dated 22 August 2006 and 19 December 2006, to BIR-LTAID. On 21 March 2007, PDI executed a Waiver of the Statute of Limitation (First Waiver) consenting to the assessment and/or collection of taxes for the year 2004 which may be found due after the investigation, at any time before or after the lapse of the period of limitations fixed by Sections 203 and 222 of the National Internal Revenue Code (NIRC) but not later than 30 June 2007. The First Waiver was received on 23 March 2007 by Nestor Valeroso (Valeroso), OIC-ACTR of the Large Taxpayer Service. In a letter dated 7 May 2007, PDI submitted additional partial reconciliation and explanations on the discrepancies found by the BIR. On 30 May 2007, PDI received a letter dated 28 May 2007 from Mr. Gerardo Florendo, Chief of the BIR-LTAID, informing it that the results of the evaluation relative to the matching of sales of its suppliers against its purchases for the taxable year 2004 had been submitted by Revenue Officer Narciso Laguerta under Group Supervisor Fe Caling. In the same letter, BIR invited PDI to an informal conference to present any objections that it might have on the BIR's findings. On 5 June 2007, PDI executed a Waiver of the Statute of Limitation (Second Waiver), which Valeroso accepted on 8 June 2007.

In a Preliminary Assessment Notice (PAN) dated 15 October 2007 issued by the BIR-LTAID, PDI was assessed for alleged deficiency income tax and VAT for taxable year 2004 on the basis of LN No. 116-AS-04-00- 00038. The PAN states:

COMPUTATION OF DEFICIENCY VAT
Undeclared Income		₱1,007,565.03
Add: Overdeclared input VAT		1,601,652.43
Total undeclared income per Investigation		₱2,609,217.46
Less: Attributable input tax		715,371.17
VAT still payable per investigation		₱1,893,846.29
Add: Increments -
Interest from 1/26/05 to 11/15/07	₱1,062,629.37
Compromise penalty	25,000.00	1,087,629.37
Amount Due and Collectible		₱2,981,475.66
COMPUTATION OF DEFICIENCY INCOME TAX
Undeclared Gross Income		₱10,075,650.28
Less: Cost of Sales		7,153,711.70
Undeclared Net Income		₱2,921,938.58
Multiply by income tax rate		32%
Income tax still due per investigation		₱935,020.35
Add: Increments -
Interest from 4/16/05 to 11/15/07	₱483,648.88
Compromise penalty	20,000.00	503,648.88
Amount Due and Collectible		₱1,438,669.237