As you may be aware, Section 6(A) of the National Internal Revenue Code of 1997 or the Tax Code, as amended, provides the Bureau of Internal Revenue Commissioner or their duly authorized representative the power to authorize the examination and assessment of any taxpayer for the correct amount of tax.
As you may be aware, Section 6 of the National Internal Revenue Code of 1997 or the Tax Code, as amended, provides the Bureau of Internal Revenue Commissioner or their duly authorized representative the power to authorize the examination and assessment of any taxpayer for the correct amount of tax.
In the Supreme Court case of a domestic manufacturing corporation vs.
Having said that, bear in mind that it may not always be the case where effective tax rate will be applied. Based on the above case between the domestic manufacturing corporation and the CIR, it is evident that the crucial factor was whether the employees, to whom the compensation pertained, were individually identified or not. This way, the courts would be able to properly identify the withholding tax rate.
The Metro Pacific Group is looking for an investor who can finance the P7-billion expansion that would improve the traffic...
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