Legal Insights

Plain-language guides and case briefs on Philippine law — researched from the firm's law library of 184,000+ statutes, Supreme Court decisions, and agency issuances, and written so non-lawyers can understand and act on them.

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Jun 15, 2011 tax refund tax credit carry over national internal revenue code corporate taxation bir

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.