Home Corporate CTA voids P212.48-million BIR tax assessment vs San Roque Power Corporate CTA voids P212.48-million BIR tax assessment vs San Roque Power July 21, 2026 | 12:05 am CTA.JUDICIARY.GOV.PH THE Court of Tax Appeals (CTA) has canceled the Bureau of Internal Revenue’s (BIR) P212.48-million deficiency tax assessment against San Roque Power Corp., ruling that its ancillary service revenues were subject to the zero-percent value-added tax (VAT) rate and that payments to a Japanese contractor for services performed abroad were not subject to Philippine withholding taxes. In a decision penned by Associate Justice Marian Ivy F. Reyes-Fajardo and promulgated on…
Author: BusinessWorld
Source: BusinessWorld Philippines
