The NIRC states that the taxpayer must respond to the notice of assessment and file a protest within 30 days
Mergers, tax exemptions
In ruling that the parties were not liable for Donor’s Tax, the BIR pointed out that in mergers, there is no intention to donate since it is undertaken purely for business purposes
Income tax holiday for RE developers
On 14 December 2022, the Bureau of Internal Revenue released BIR Ruling 404-2019 in favor of EDC Burgos Wind Power…
Liberality in administrative agencies
In resolving this issue, Respondent CBAA was duty-bound to review the factual antecedents of the case and to apply thereon the pertinent provisions of the law
When waiting means everything
According to the Court of Tax Appeals Third Division, the Light Rail Transit did not protest the formal assessment notice, rendering the assessment final and unappealable