Latest Breaking News On - 019 against the firm court likewise canceled and set aside quot for being void formal letter of demand final assessment notice fld fan issued taxable year 2013 sum involved alleged deficiency income tax - Page 1 : comparemela.com
MANILA - The Court of Tax Appeals (CTA) has granted a petition filed by broadcasting firm Altimax Broadcasting Co. questioning a PHP18-million tax assessment on it by the Bureau of Internal Revenue (BIR). In an 18-page decision promulgated October 6 written by Associate Justice Juanito C. Castaneda, Jr. and released online recently, the court granted the petition for review filed by the firm and set aside the BIR's warrant of distraint and levy (WDL) dated Jan. 31, 2019 against the firm. The court likewise canceled and set aside "for being void" the formal letter of demand the final assessment notice (FLD/FAN) issued against the firm for taxable year 2013. The sum involved alleged deficiency income tax, value-added tax, and expanded withholding tax liabilities, for the year 2013 amounting to PHP18.90 million, including interest, surcharge, and penalties. The firm claimed that the WDL "has no legal basis" and that the assessment for unpaid taxes is null and void