Ramco Systems Subsidiary Settles Philippines Tax Dispute for PHP 3 Mln

Ramco Systems Limited's wholly-owned subsidiary in the Philippines, Ramco System Inc. (RSI), has settled a tax dispute with the Commissioner of Internal Revenue (CIR) of the Philippines. Initially facing a demand of PHP 72.40 Million (approximately Rs. 112.00 Million) for the Financial Year 2022-23, which included various taxes and penalties, RSI filed an administrative protest. Following discussions, the CIR issued a 'Final Decision' on September 29, 2026, significantly reducing the demand. RSI has now paid the revised amount of PHP 3 Million (approximately Rs. 4.60 Million), including a compromise penalty, settling the matter.