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Tax Assessment Protest Procedures by Gillian Briones is a document available to read on EtoBox.
What is Tax Assessment Protest Procedures about?
1. This document discusses a case regarding the proper computation of excise tax on cigarettes. 2. It involves two conflicting BIR rulings - one that excluded VAT from the tax base, and one that included VAT. The latter ruling revoked the former. 3. While the latter ruling correctly stated the law, it cannot be applied retroactively if it would prejudice the taxpayer. Retroactive application in this case would assess deficiency excise tax on the taxpayer.
- Author
- Gillian Briones
- Language
- EN