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What is Tax Refund Case: SMI-ED vs. BIR about?

The Supreme Court ruled that the Court of Tax Appeals has jurisdiction to determine the proper tax that should have been paid in cases involving tax refunds. While the CTA cannot perform assessments, it can identify the correct tax category when evaluating whether a refund is due. The Court also found that the PEZA-registered corporation did not qualify for tax incentives because it never commenced operations, and was subject to ordinary tax rates instead. However, the CTA incorrectly applied capital gains

Author

Zack

Language

EN