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

The Philippine Court of Tax Appeals Jan. 27 issued a decision in CTA Case No. 10809, clarifying the validity of assessments for alleged tax deficiencies. The taxpayer, a domestic corporation, challenged deficiency assessments for final withholding VAT (FWVAT), documentary stamp tax (DST), and compromise penalties for 2015, arguing that the assessments were time-barred and that its Philippine Amusement and Gaming Corporation (PAGCOR) license exempted it from such taxes. The Commissioner of Internal Revenue (CIR) disagreed, contending that the assessments were timely and supported by law, particularly regarding FWVAT on payments to a nonresident supplier. On appeal, the Court of Tax ...