Can I read Doctrine of Equitable Recoupment Explained on EtoBox?

Doctrine of Equitable Recoupment Explained by Camille Britanico is a document available to read on EtoBox.

What is Doctrine of Equitable Recoupment Explained about?

The Supreme Court held that the Court of Tax Appeals erred in applying the doctrine of equitable recoupment. The doctrine is not recognized under Philippine law and allows taxes barred by the statute of limitations to be offset against unrelated tax liabilities. This could tempt tax collectors to delay collections to later recoup barred taxes, and taxpayers to delay refund claims to offset future taxes. Prescription applies equally and has the salutary effect of promoting timely tax assessment, collection,

Author

Camille Britanico

Language

EN