Connect with us

Hi, what are you looking for?

News

CTA denies manpower firm’s appeal to cancel tax liabilities

THE Court of Tax Appeals (CTA) has denied the appeal of Service Resources, Inc. to cancel its deficiency income taxes worth P9.5 million for taxable years 2009, 2010, and 2011.

In a decision on June 3 and made public on June 7, the CTA Second Division ruled the manpower firm failed to comply with the 30-day prescribed period of filing assessment disputes provided by the Local Government Code of 1991.

“In sum, considering the petitioner failed to file a timely appeal with the court of competent jurisdiction within 30 days from the lapse of the respondent city treasurer to decide the protest, the first notice of assessment became conclusive and unappealable,” according to copy of the ruling penned by CTA Associate Justice Jean Marie A. Bacorro-Villena.

“Considering that the first notice already attained finality, the court finds no need to tackle the other arguments raised by the petitioner (Service Resources).”

The petitioner is an independent contractor registered with the Department of Labor and Employment (DoLE), with its office based in Pasig City.

The respondent is the Pasig City treasurer, who issued a deficiency tax assessment to the company for under-declaring its gross sales for the years 2008 to 2010.

Under the Local Government Code, a taxpayer has 30-days to appeal a denial of protest or a dispute to a court of “competent jurisdiction,” otherwise the assessment will be rendered conclusive and unappealable.

The manpower firm argued the assessments were arbitrarily issued without properly examining its books of accounts and other records. It added that the assessment should have been canceled for the city treasurer’s blatant disregard of guidelines.

The Pasig City treasurer said that the tax assessments were made in good faith and the burden of proof is on the taxpayer to show it is not liable to pay deficiency taxes.

“It is noted that even if we are to consider the propriety of the petitioner’s filing of the prior petition, the outcome of the case would not be different since the petitioner also failed to comply with the provisions of Section 195 of the Local Government Code,” the tax court said.

“Likewise, the petitioner’s posturing appears a mere afterthought following the denial of its prior petition for lack of jurisdiction.” — John Victor D. Ordoñez

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

News

REUTERS TRADE Secretary Alfredo E. Pascual’s intention to join more free trade agreements received backing from major business chambers, who declared support for participating...

News

NATIONAL IRRIGATION ADMINISTRATION PHOTO RELEASE SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) declined by 82.31% year on year to P7.905 billion in May,...

News

PHILIPPINE STAR/ MICHAEL VARCAS AGRICULTURE and fisheries planning needs to be more “bottom-up” to better meet the needs of farmers and fisherfolk, steering away...

News

REUTERS ERIC BROTEN had planned to sow about 5,000 acres of corn this year on his farm in North Dakota, but persistent springtime rains...

News

(First of two parts) Family-run businesses require structures that are necessary to ensure a smooth transition. In the Philippines, the wealth of ultra-high net...

News

THOUSANDS of supporters of President Ferdinand “Bongbong” R. Marcos, Jr. are unfazed by the rain during a free concert held in Manila on the...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Financial Advisors

The healthcare ecosystem is one that has thrived on the cusp of scientific progress, benefitting enormously from the winds of change in the technological...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.