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Tax Deduction Dispute: Algue, Inc. Case by Reycy Ruth Trivino is a document available to read on EtoBox.

1) The private respondent Algue filed a letter protesting its tax assessment 4 days after receiving notice of assessment. A warrant was issued before this protest was considered. 2) The Court of Tax Appeals found that the P75,000 payment claimed as a business expense deduction was a legitimate payment to individuals for services promoting a new corporation. 3) The petitioner argued the payments were fictional and a tax dodge. However, Algue

Author

Reycy Ruth Trivino

Language

EN