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China Bank vs. BIR: Tax Collection Case by Francis Leo Tianero is a document available to read on EtoBox.

This case involves a petition by China Banking Corporation (CBC) challenging a decision of the Court of Tax Appeals upholding a deficiency documentary stamp tax assessment issued by the Bureau of Internal Revenue against CBC for tax years 1982 to 1986 related to foreign exchange transactions. The main issue is whether the right of the BIR to collect the assessed taxes is barred by prescription. The Supreme Court rules that prescription has set in because more than 3 years had passed since the assessment was

Author

Francis Leo Tianero

Language

EN