CTA clears buy-and-sell firm of P180M tax liability over BIR

CTA clears buy-and-sell firm of P180M tax liability over BIR's wrong audit procedure

The Court of Tax Appeals (CTA) has voided the P180 million deficiency tax assessment by the Bureau of Internal Revenue (BIR) against a buy-and-sale company due to a defective procedure in examining the firm's financial statements.
The court en banc affirmed the earlier decision of one of its divis

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, Bureau Of Internal Revenue , Letter Of Authority , Tax Appeals , Internal Revenue , Golden Brew Marketing , Quezon City , Associate Justice Marian Ivy ,

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