About this document
PNOC Tax Compromise Agreement Invalid by Cali is a document available to read on EtoBox.
The Supreme Court ruled that the compromise agreement between the Philippine National Oil Company (PNOC) and the Bureau of Internal Revenue (BIR) was void. PNOC had sought to settle its tax liability arising from interest earned from bank placements by paying 30% under Executive Order 44. However, EO 44 only applied to disputed assessments or delinquent accounts pending as of December 31, 1985. PNOC
- Author
- Cali
- Language
- EN