Philippines Court of Tax Appeals Issues Decision Clarifying Validity of Assessments for Alleged Tax Deficiencies

The Philippine Court of Tax Appeals Nov. 12 issued a decision in CTA Case No. 10654, clarifying the validity of assessments for alleged tax deficiencies. The taxpayer, a corporation, challenged assessments for alleged deficiency income tax (IT), withholding tax on compensation (WTC), expanded withholding tax (EWT), VAT, final withholding VAT (FWVAT), and withholding tax on the purchase of land for the 2008 taxable period. The taxpayer argued that, among other things, the relevant assessments were issued beyond the periods allowed by law. The Commissioner of Internal Revenue (CIR) disagreed, contending that the taxpayer was liable for the deficiency taxes assessed ...