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What is Yutivo Sons Hardware Tax Deficiency Case about?

The Supreme Court ruled on a tax dispute involving Yutivo Sons Hardware Company, which was ordered to pay a significant sales tax deficiency and surcharge amounting to over P2.2 million. The Court of Tax Appeals had previously determined that Southern Motors, Inc., a subsidiary of Yutivo, was created to evade taxes; however, the Supreme Court found insufficient evidence to support this claim, stating that the organization of SM was legitimate and not solely for tax evasion. Ultimately, the Supreme Court rev

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bvsmdl

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EN