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Tax Refund Case: Procter & Gamble vs. BIR by Lou Ann Ancao is a document available to read on EtoBox.

What is Tax Refund Case: Procter & Gamble vs. BIR about?

This document summarizes a tax case between the Commissioner of Internal Revenue and Procter & Gamble Philippine Manufacturing Corporation regarding a tax refund claim. Procter & Gamble Philippines paid taxes on dividends declared to its US parent company. It claimed a refund under a tax sparing provision, arguing it overpaid taxes that should have been subject to a preferential 15% rate instead of the standard 35% rate. The Commissioner denied the refund. The Court of Tax Appeals ruled in favor or Procter

Author

Lou Ann Ancao

Language

EN