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Showing 1–24 of 39 articles for “tax credit”

Irrevocability of Tax Credit Options: A Guide for Philippine Corporations

Philippine corporations must choose carefully between refunds and tax credit carry-over—once chosen, the option is irrevocable under the NIRC.

Tax Credit Transfers: Protecting Transferees in Good Faith and Upholding Due Process

The Supreme Court shields innocent transferees of tax credit certificates from reassessment, affirming due process in tax collection.

VAT Refund Claims: Equitable Estoppel and Strict Interpretation of Tax Laws

Supreme Court ruling on VAT refund claims, transitional input tax credits, and the strict interpretation of tax laws in Fort Bonifacio Development Corporation v. CIR.

VAT Refund Rights Real Property Inventory AND Transitional Input TAX Credit

Navigating Tax Credit Claims: The Mandatory vs Directory Interpretation of Deadlines

The Supreme Court clarifies when VAT refund deadlines are mandatory and when taxpayers get relief from strict compliance.

Grave Misconduct of Tax Credit Evaluator: Physical Verification Is a Duty, Not an Option

The Supreme Court affirms dismissal of a DOF evaluator for grave misconduct after he failed to physically verify a tax credit applicant's facilities, allowing a P867,680 fraud.

Grave Misconduct for Negligent Tax Credit Evaluation: Eijansantos v. SPTF 156

The Supreme Court rules that an evaluator's failure to physically verify tax credit claims constitutes grave misconduct, not mere negligence.

Tax Refund vs Tax Credit: Execution Requirements in Local Tax Disputes

Philippine Supreme Court clarifies when a writ of execution is needed for tax refunds or tax credits in local tax disputes.

Ombudsman's Immunity Power Prevails: Protecting Whistleblowers in Corruption Cases

Supreme Court affirms Ombudsman's power to grant immunity to accused-turned-state-witness in tax credit scam, overriding Sandiganbayan's objections.

Unlocking VAT Refunds: The Transitional Input Tax Credit Principle in Philippine Law

Philippine Supreme Court clarifies that prior tax payment is not required to claim the 8% transitional input tax credit under the NIRC.

Tax Refund or Tax Credit Carry Over: Understanding Irrevocability in Philippine Tax Law

The Supreme Court explains why choosing the carry-over option for excess income tax credits is irrevocable under the National Internal Revenue Code.

VAT Compliance Strict Invoicing Requirements FOR Tax Credit Claims IN THE Philippines

Philippine Supreme Court ruling on strict VAT invoicing requirements for zero-rated sales tax credit claims.

Irrevocable Choice: Tax Credit Carry-Over and Refund Rules in the Philippines

Philippine Supreme Court clarifies that choosing to carry over excess tax credit bars refund claims, but the credit can be used indefinitely.

Unutilized Creditable Withholding Tax: Proving Claims for Refund or Tax Credit

The Supreme Court clarifies what a taxpayer must prove to claim a refund of unutilized creditable withholding taxes, and what need not be proven.

Irrevocable Choice: Understanding Tax Credit Carry-Over in the Philippines

Philippine Supreme Court explains why choosing tax credit carry-over over refund is irrevocable under the 1997 National Internal Revenue Code.

The Critical Omission: Why "Zero-Rated" Must Appear on VAT Invoices for Tax Credit Refund Claims

Philippine Supreme Court rules that failing to print on its sales invoices. The CTA En Banc affirmed this denial, and J.R.A. elevated the matter to the Supreme Court.

Irrevocability of Tax Credit Option: Understanding the Asiaworld Properties Case

The Supreme Court clarifies that choosing to carry over excess income tax credits bars refund claims for those amounts in later years.

Tax Credit Certificates: Good Faith Transferees Protected Despite Fraudulent Origins

Philippine Supreme Court rules that a good faith transferee of tax credit certificates cannot be reassessed when the original grantee committed fraud.

VAT Refund Apportionment When Exempt Sales Affect Tax Credit Claims

Philippine Supreme Court clarifies when VAT refunds on capital goods must be apportioned if a taxpayer also has exempt sales.

VAT Credits for Real Estate Dealers: The Transitional Input Tax Rule

The Supreme Court ruled that real estate dealers may claim 8% transitional input tax credit on land inventory, not just improvements.

Irrevocable Tax Options: Understanding the Finality of Choosing Between Tax Credit and Refund

Philippine Airlines' Supreme Court win clarifies when tax options become irrevocable and how franchise tax exemptions work.

Senior Citizen Discounts: Tax Credit vs. Deduction Under RA 7432

The Supreme Court clarifies that under RA 7432, the 20% senior citizen discount is a tax credit, not a mere deduction from gross income.

Misdirected Appeals: Why Filing in the Wrong Court Can Cost You Your Case

Learn how filing an appeal in the wrong court can doom your case, based on a Philippine Supreme Court ruling on tax credits.

Senior Citizen Discounts: Defining meant only the acquisition cost of medicines, not the full discount amount.

The Issue: Tax Credit vs. Tax Deduction The central legal question was whether the 20% senior citizen discount should be claimed as a tax credit or as a tax de