- The Court of Tax Appeals partially granted the taxpayer’s appeal regarding tax deficiency assessments for 2015.
- The taxpayer was found liable for final withholding VAT (FWVAT) as PAGCOR licensees are not exempt from withholding obligations.
- The documentary stamp tax (DST) assessment was invalid because PAGCOR-licensed gaming operations are exempt from such taxes.
- The compromise penalty was invalid since the taxpayer did not consent to it.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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