Monday, June 17, 2024

Tag: UST Hospital

UST Hospital’s official statement on labor dispute with union

(Editor's note: The following is the official statement of the UST Hospital administration sent to the Varsitarian office today, March 21, 2019 (Thursday) on...

BIR loses in tax case vs UST

July 8, 2015, 9:38 a.m. - A TECHNICALITY has prevented tax authorities from collecting P171.5 million from the University in a tax dispute involving UST Hospital.

The Court of Tax Appeals favored UST in a decision dated March 2, junking the Bureau of Internal Revenue’s (BIR) claim that UST Hospital needed to pay an extra P171.5 million in income taxes and a compromise penalty of P56,000. An audit found that the hospital failed to declare more than P700 million in income in 2006.