About this document
VAT Exemption on PSALM Asset Sales by Vel June is a document available to read on EtoBox.
The Supreme Court ruled that: 1. The sale of power plants by PSALM to private entities is not subject to VAT because PSALM is carrying out a governmental mandate to privatize assets, not conducting commercial activity. 2. The Secretary of Justice has jurisdiction over disputes solely between government agencies based on Presidential Decree 242. 3. The sale of the power plants cannot be considered an incidental transaction by PSALM in the course of business because the assets were transferred to PSALM sp
- Author
- Vel June
- Language
- EN