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

The Philippine Court of Tax Appeals Nov. 19 issued a decision in CTA EB No. 2867, clarifying the validity of assessments for alleged tax deficiencies. The taxpayer, a domestic corporation, challenged assessments for deficiency income tax (IT), VAT, final withholding VAT (FWVAT), and documentary stamp tax (DST), as well as compromise penalties (CP) for taxable year (TY) 2013. The Commissioner of Internal Revenue (CIR) contended that the assessments were valid because the taxpayer failed to file a valid administrative protest. The taxpayer disagreed and argued that the assessed deficiency taxes should be void. On appeal, the Court of Tax Appeals, ...