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What is Inheritance Tax Dispute in Lorenzo Case about?

This case involved donors tax assessments on political contributions made by petitioners to a Senatorial candidate. The Court ruled that the contributions were considered donations under the Civil Code and thus subject to donors tax per the National Internal Revenue Code. While the BIR had not previously assessed donors tax on political contributions, the Court held that the BIR could make new interpretations of tax laws and was not estopped from correcting previous flawed interpretations. The petitioners

Author

Jaime Pinugu

Language

EN