HONDA CARS MAKATI, INC. v. COMMISSIONER OF INTERNAL REVENUE

REPUBLIC OF THE PHILIPPINES COURT OF TAX APPEALS QUEZON CITY SECOND DIVISION HONDA CARS MAKATI, INC. CTA CASE NO. 8638 Petitioner, Members: CASTANEDA, JR., Chairperson -versus- CASANOVA, and COTANGCO-MANALASTAS,JJ. COMMISSIONER OF Promulgated: INTERNAL REVENUE, JAN 14 2016 / " Respondent. j / J:lll , .�. X- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - X DECISION COTANGCO - MANALASTAS,~ : STATEMENT OF THE CASE This Petition for Review 1 filed by Honda Cars Makati, Inc. on April 12, 2013, seeks the refund or issuance of tax credit certificate (TCC) in the amount of P25,812,793.00, allegedly representing its excess and unutilized creditable withholding tax (CWT) for calendar year (CY) 2010. STATEMENT OF FACTS Petitioner Honda Cars Makati, Inc. is a corporation duly organized and existing under the laws of the Rcpublic of the Philippines. 2 It is a registered taxpayer of the Bureau of Internal Revenue (BIR), with Taxpayer Identification Number V (TIN) 000-220 -239-000 .3 Petitioner is engaged in the sale, distribution , service, and repair of automobiles, and it was t Docket, pp. 6- 12. 2 Par. 3, Admitted Facts, Joint Stipulation of Facts and Issues (JSFI), docket, p. 176. 3 Par. 6, Admitted Facts, ,JSFI, docket, p. 177.

DECISION CTA CASE NO. 8638 incorporated with the following primary purpose as stated in its Amended Articles of Incorporation4 , to wit: "To engage in the sale and distribution, service and repair of automobiles, motor cars, motor trucks, wagons, buggies, carriages and other mechanically propelled vehicles, and vehicle engines, parts, accessories, supplies, and other articles; to operate chain stores and general merchandising pertaining to motor vehicles, to build, maintain, lease or otherwise acquire, own, hold and operate warehouses, agencies, structures, services centers and showrooms which may be used in connection with the business of the Corporation; to buy, sell and generally deal in all kinds of merchandise, fixtures, and chattels relating to motor vehicles; to acquire and own patents, improvements and franchises, and to operate under such patents, improvements and franchises, any commercial dealings pertaining to the matters and things enumerated herein."s On the other hand, respondent 1s the duly appointed Commissioner of the Bureau of Internal Revenue vested with authority, among others, to act upon and approve claims for refund or tax credit of overpaid or erroneously paid internal revenue taxes. Respondent holds office at the 5th Floor, BIR National Office Building, Agham Road, Diliman, Quezon City. On April 15, 2011, petitioner manually filed its Annual Income Tax Return (ITR) for CY 20 10 with the BIR Large Taxpayers-Assistance Division II. 6 On the same date, petitioner filed with the BIR, through the Electronic Filing and Payment System (EFPS), an electronic copy of its Annual ITR for CY 20107 , with filing Reference No. 121100004683610.8 On February 18, 2013, petitioner filed with the BIR Large Taxpayers Excise Audit Division II a letter-request for refund V of or issuance of TCC for its alleged excess and unutilized CWT for CY 2010 in the amount ofP25,812,793.00. 9 4 Exhibit "P-1 ", docket, pp. 377-387. s Par. 5, Admitted Facts, JSFI, docket, p. 177. 6 Par. 8, Admitted Facts, JSFI, docket, p. 177. 7 Exhibit "P-6", docket, pp. 395-397. s Par. 9, Admitted Facts, JSFI, docket, p. 177. 9 Par. 10, Admitted Facts, JSFI, docket, pp. 177 178.

DECISION CTA CASE NO. 8638 To date, respondent has neither approved nor denied petitioner's administrative claim for the refund of or issuance of TCC for excess and unutilized CWT for CY 201 0. 10 Thus, on April 12, 2013, petitioner filed the instant Petition for Review. 11 Within the extended time granted by the Court, 12 respondent filed her Answer 13 on June 8, 2013, interposing the following special and affirmative defenses: "'SPECIAL AND AFFIRMATIVE DEFENSES 4. She reiterates and re-pleads the preceding paragraphs of this 1\.nswer as part of her Special and 1\.ffirmative Defenses. The instant claim for tax refund is tainted with procedural infirmity due to petitioner's failure to submit complete documents in support of its administrative claimfor refund. 5. Basic as a hornbook principle is that, taxes are the lifeblood of the nation through which the government agencies continue to operate and with which the State effects its functions for the welfare of its constituents. Ilence, tax refunds are in the nature of tax exemptions and are to be interpreted in the strictest manner. Considering that tax refunds consist of monetary amounts which are currently in the hands of the government, the validity of petitioner's claim should be meticulously verified. With these, to claim for a refund, petitioner should adduce every single document that will prove its entitlement to its claim. It is imperative to prove therefore every minute aspect of its case. 6. Hence, in order to be entitled to the refund being sought, the taxpayer must satisfactorily comply with the following requisites: 1. The claim must be filed with the CIR within V the two-year period from the date of payment of the tax; 1o Par. 12, Admitted Facts, JSFI, docket, p. 178. 11 Docket, pp. 6-12. 12 Orders dated May 8, 2013 and June 10, 2013, docket, p. 61 and p. 66. 13 Docket, pp. 67 77.

DECISION CTA CASE NO. 8638 2. It must be shown on the return that the income received was declared as part of the gross income; and 3. The fact of withholding must be established by a copy of a statement duly issued by the payor to the payee showing the amount paid and the amount of the tax withheld. 7. Ilowever, compliance with the afore-quoted requirements will not suffice if petitioner failed to comply with the prescribed checklist of requirements to be submitted involving claims for unutilized creditable withholding tax pursuant to Revenue Memorandum Order (RMO) No. 53-98 (Checklist of Documents to be Submitted by a Taxpayer upon Audit of his Tax Liabilities as well as of the Mandatory Reporting Requirements to be Prepared by a Revenue Officer, all of which comprise a Complete Tax Docket). To be sure, RMO No. 53-98 was issued to identify the documents required from a taxpayer during audit of the application for refund. In obedience to the provisions of RMO No. 53-98, xxx: 8. Further, Revenue Regulation 2-2006 (Mandatory Attachments of the Summary Alphalist of Withholding Agents of Income Payments Subjected to Tax Withheld at Source (SAWT) to Tax Returns With Claimed Tax Credits due to Creditable Tax Withheld At Source and of the Monthly Alphalist of Payees (MAP) Whose Income Received Have Been Subjected to Withholding Tax to the Withholding Tax Remittance Return Filed by the Withholding Agent/Payor of Income Payments) provides: XXX XXX XXX 9. Simply put, petitioner must prove compliance with RR 53-98 and 2-2006, to give support to the validity of its claim for unutilized creditable withholding tax for calendar year 2010. Verily, administrative issuances have the force and effect of law. They benefit from the same presumption of validity and constitutionality enjoyed by statutes. Failure of the petitioner to prove compliance with the above-mentioned requirements in the administrative level will likely render its Petition for Review vulnerable and shows the weakness of its claim. XXX XXX XXX 11. In the case at bar, although petitioner submitted v supporting documents relevant to its claim for tax credit before this before this Honorable Court, it miserably failed to substantiate its administrative claim for refund filed with

DECISION CTA CASE NO. 8638 respondent, it failed to submit the complete requirements under RMO No. 52-98. There is no record of petitioner ever submitting the complete documents required to substantiate its administrative claim for refund. This is a requirement established by law and jurisprudence. 12. In cases such as this, before judicial inquiry into the issue of whether taxpayers, in general, arc entitled to a refund/tax credit under substantive law may be considered, they have an initial burden to discharge. They must prove that they complied with all the administrative requirements continuing up to judicial review. In other words, before trial de novo proceeds and disposes of the issue of refund entitlement under substantive law, it must first be proved that there was procedural compliance in pursuing the administrative claim leading to the appellate proceedings. XXX XXX XXX Petitioner miserably failed to exhaust administrative remedies before elevating the case to the Honorable Court 15. Well settled is the rule that, the party aggrieved by a decision of an administrative official should first apply for review of such decision by higher administrative authority before seeking judicial relief, otherwise his court suit may be dismissed for prematurity or lack of cause of action. XXX XXX XXX 17. In the instant case, it may be gleaned that the administrative claim for the issuance of a tax credit certificate was filed with the l3ureau of Internal Revenue only on 18 February 2013 and the Petition for Review was filed with the Court of Tax Appeals on 12 April 2013. ~vidently, respondent was not given sufficient time and information to evaluate petitioner's administrative claim for refund, nor was she given sufficient facts to evaluate the administrative claim. XXX XXX XXX 21. A situation arises wherein taxpayers will file their administrative and judicial claims at a point when the two-year period is about to prescribe, as what had happened in the instant case. Respondent is thus, v deprived of her function to act on the administrative claim for refund filed by taxpayers. Taxpayers can always find justification for judicially filing their claims for refund

DECISION CTA CASE NO. 8638 before this IIonorable Court because the two-year period is about to prescribe. With this scenario, this Honorable Court becomes an indirect avenue for processing administrative claim for refund, which function rightfully belongs to the Commissioner of Internal Revenue. lienee, before resort to the courts can be obtained, all administrative remedies available should first be exhausted. XXX XXX XXX Claims for refund are construed strictly against the taxpayer and in favor of the Government. 24. Time and again, it has been held that the right of taxation cannot easily be surrendered, statutes granting tax exemptions are considered as a derogation of the sovereign authority. Statutes that grant tax exemptions are construed strictissimi juris against the taxpayer and liberally in favor of the taxing authority. The general rule is that claimants of tax refunds bear the burden of proving the factual basis of their claims. /\gain, taxes are the lifeblood of the nation. Therefore, statutes that allow exemptions are construed strictly against the grantee and liberally in favor of the g o v e r n m e n t.. " ' The case was then set for a Pre-Trial Conference on August 15, 2013.14 On September 12,2013, upon motion ofpetitioner, 15the Court commissioned Ms. Milagros F. Padcrnal as the Independent Certified Public Accountant (ICPA) for the case. 16 Respondent filed her Pre-Trial Bricf17 on September 9, 2013 while petitioner's Pre-Trial Briefl8 was filed on October 2, 2013. Thereafter, the parties filed their ~Joint Stipulation of Facts and Issues 19 on October 2, 2013. This was approved V and adopted by the Court in the Pre-Trial Ordcr20 promulgated on October 7, 2013. 14 Notice of Pre-Trial Conference, July 10, 2013, docket, p. 79. 15 Motion to Commission Independent Certified Public Accountant, docket, pp. 80-83. 16 Docket, p. 103. n Docket, pp. 91J-97. 18 Docket, pp. 106-119. 19 Docket, pp. 176 179. 20 Docket, pp. 181 184.

DECISION CTA CASE NO. 8638 During trial, petitioner presented the following witnesses: Mr. Francis Dennis C. Lardizabal, its Finance Manager, and Ms. Ma.. Mila.gros F. Pa.dcrnal, the Court-commissioned ICPA. On October 10, 2013, petitioner filed a. Motion to Take Judicial Notice (Of Evidence Presented in CTA Case No. 8466) 21 . This was denied by the Court in the Rcsolution22 dated November 28, 2013. Petitioner filed its Formal Offer of Evidence23 on March 24, 2014. In a. Rcsolution21 dated \June 10, 2014, the Court "a1Pd2-m"6"it'"tPe"-Pd1-26p--e11t""it'io""PnP-e-71r"'4s'""EPx"-Ph8-"ib1' i5"t"Ps -"9"P"P-'-1"1"P5' --"11P0"-"2' """P' P-"-1P16-03"-"1'""P"' P-"-1P46-"1-'11"""P' -""5PP"--' ' > ' ' ' > > ' ' > ' 17", "P-18", "P-19", "P-31", "P-32", "P-32-1 to P-32-113", "P- 32- 115 to P"P-3-322-4-9416"2'5"tPo-3P2--5429036"to, "PP--3323-"7,5"1P"-' 3"3P--132to-7P53-33to-8P"-, 32-4623", "P-34" "P-34-1" "P-34-2" "P-34-3" "P-34-4" "P-34-5" "P-34- , > ' ' ' ' ' 6", "P-35", "P-35-1 ", "P-35-2", "P-35-3", "P-35-4", "P-35-5", "P- 3 68"-1' "tPo-3P6--318"-'8"0P5-03"6,-2"P" '-3"8P--83065-32" 'to"PP--3368--48"0' 9"0P"-,3 7""P'-3"8P--3880"9'2"Pto- 3 P-38-8316", "P-38-8318 to P-38-8440"' "P-38-8442 to P-38- 8549", "P-38-8551 to P-38-8609", "P-38-8611 to P-38-8877", "P-38-8879 to P-38-8933" , "P-38-8935" ' "P-38-8937 to P-38- 9316", "P-38-9318 to P-38-9547", "P-38-9548 to P-38-1 01 75", "P-38- 10 177 to P-38- 10398" "P-38- 10400 to P-38-1 0760" "P- ' > ' 38-10762 to P-38-12441", "P-39", "P-39-1 to P-39-2282", "P- 39-2285 to P-39-3506", "P-39-3508 to P-39-4340", "P-39-4342 to P-39-5 6"P4-64"0' -6"P",-4"0P"-'41"P",-4"0P--14"1'-1"Pt-o40P--24"1' -8"P9-04"0, -"3P" '- "P-40- 4t"o' "P-40-5", 41-892 P-4 1-2053", "P-4 1-2055 to P-4 1-5954"' "P-4 1-5957 to P-4 1- 9165", "P-41-9167 to P-41-9189", "P-41-9192 to P-41-12832", "P-41- 12834 to P-4 1- 12868" "P-4 1-12870 to P-4 1- 16996" "P- ' > > ' 41-16998 to P-41-17288", "P-42", "P-42-1", "P-43", "P-43-1", ""PP--4447"",' "P-44- 1 to P-44 --43"",' ""PP--4485"",' ""PP--4485--11"t'o"PP--4468"-'39"P78-4"6, -"1P"-' "P-4 7-1 to P-4 7 4596"-4' "7P4-05"0, ""' P"-P5-75"1," '"P"P-5-572-1" ' "P -P5-35"7' -"4P1-"5,5""P' "-5P8-5",6""'P"-P59-5"6, -"1P-to60P"-, to "P-61"' "P-61 -a" ' "P-62"' "P-62-a"' "P-64"' "P-64-a"' "P-71" ' "P- v 71-1 to P-71-285", "P-71-287 to P-71-932", "P-71-934 to P-71- 3852" "P-72" "P-72- 1 to P-72- 16" "P-73" "P-74" "P-75" "P- 75-1 ' P-75-' 347> 4", "P-76", "P-76-' 1 to P-' 76-28",' "P-77",' "P- to 21 Docket, pp. 185-193. 22 Docket, pp. 283-285. 23 Docket, pp. 346 376. 24 Docket, pp. 480 482.

DECISION CTA CASE NO. 8638 "7P8-"8' "P - 79 -" 8' "P- 79- 1 to P-79- 2 117" "' "P-79-2 119 t o P -79 -26 118t"o' to 0" ' "P 0- 1 P -80- 13"' " P-81 ' "P-82" ' "P- 8 3' '' " P. - 83- . P-83-2983", "P-84", "P-84-1 to P-84-14", and "P-85". The Court, however, denied the admission of Exhibits "P-19-1 ", "P- 32-114", "P-32-492", "P-32-752", "P-32-4624", "P-37-1 to P- "3P7--3284-"8' 5"5P0-"3, 8"-8P0-3581-"8' 6"1P0-"3, 8"-8P0-3981-"8' 8"7P83"8, -8"3P1-378"-'89"P34-3"8, -8"P4-4318"-' "8P9-3368"-'1"0P7-6318"-,93"P17-3"9' -"2P2-3883-9to54P8-"3' "P-38- 10 "1P7-63"9' -"3P5-0378"-,10"P3-9399"-' 9-2284", 4 341" 5' "P- 3 9-56 4 7" 1' "P-4 1-891" "P -41 - 20 5 4" '4 "P -41-59 5 5 to P- 4 1-59 "P-4 1 -9 66" ' "P-4 1'- 91 90 P- 1- 9191" ' 1- 6" , to "P-4 . 12833", "P-41-12869", "P-41-16997", "P-71-286", "P-71-933" and "P-79-2118" for not being found in the record. Petitioner filed an Omnibus Motion25 on ~June 30, 2014, which included a Motion for Reconsideration (Re: Resolution dated ~June 10, 2014). The Court in a Resolution26 dated October 22, 2014, admitted Exhibits "P- 19-1 ", "P-32- 114", "P- 32-492", "P-32-752", "P-32-4624", "P-37-1 to P-37-24", "P-38- 8051 ", "P-38-8091", "P38-8317", "P-38-8441 ", "P-38-8550", "P-38-861 0", " P - 3 8 - 8 8 7 8 " ' " P - 3 8 - 8 9 3 4 " ' "P-38-8936" ' "P-38- . . 9317", "P-38-9548", "P-38-1 0 176", "P-38-1 0399", "P-38- "1P0-74611-"8'9"1P",-3"9P-2-4218-320to54P",-39"P-2-4218-45"9' 5"5P-3to9-3P5-0471"-5' 9"P56-3"9, -4"P34-411"-' 9166" ' "P-4 1-91 90 to P - 4 1 -91 9 1 " ' "P-4 1- 12833"' "P-4 1- . 12869", "P-41-16997", "P-71-933", and "P-79-2118". During the May 7, 2014 hearing, respondent's counsel manifested that respondent has no evidence to present.27 Within the extended time granted by the Court 28 , petitioner filed its Memorandum29 through registered mail on December 17, 20 14 which was received by the Court on January 7, 2015. On the other hand, respondent's Memorandum3� was filed on ~January 30, 2015, within the extended time granted by the Court 31 . Thereafter, in a V Resolution32 dated February 3, 2015, the case was declared submitted for decision. 2s Docket, pp. 487 495. 26 Docket, pp. 551-552. 27 Minutes of Hearing dated May 7, 201-1, docket, p. 1178. 28 Order dated November 28, 20111, docket, p. 562. 29 Docket, pp. 563-5811 30 Docket, pp. 600-608. 31 Orders dated November 26, 20111, January 9, 2015 and January 27, 2015, docket, pp. 558, 593, and 599. 32 Docket, p. 610.

DECISION CTA CASE NO. 8638 STATEMENT OF ISSUES The parties agreed that the main issue to be submitted for the Court's resolution is: "Whether or not petitioner is entitled to its claim for refund of or issuance of TCC for excess and unutilizcd CWT for CY 2010 in the amount of Php25,812,793.00." 33 The parties likewise agreed that the above-stated Issue may be broken down into the following sub-issucs: 1. Whether or not petitioner's excess and unutilizcd CWT for CY 2010 in the amount of P25,812,793.00 are duly substantiated by documentary evidence; 2. Whether or not the income from which the CWTs being claimed for refund were withheld was reported as part of the revenues declared in petitioner's AnnuallTR; 3. Whether or not petitioner carried over its excess and unutilizcd CWT for CY 2010 to the succeeding taxable periods; and 4. Whether or not petitioner filed its administrative and judicial claims for refund of excess and unutilized CWT for CY 201 0 within the two-year prescriptive period provided under Sections 204(C) and 229, Tax Code.34 RULING OF THE COURT Petitioner anchors its refund claim on Sections 58(D) and V 76 of the National Internal Revenue Code (NIRC) of 1997, as amended, which state: 33 Issues, JSFI, docket, p. 178. 34 Issues, JSFI, docket, p. 178.

DECISION CTA CASE NO. 8638 "SEC. 58. Returns and Payment of Taxes Withheld at Source. - XXX XXX XXX (D) Income of Recipient. - Income upon which any creditable tax is required to be withheld at source under Section 57 shall be included in the return of its recipient but the excess of the amount of tax so withheld over the tax due on his return shall be refunded to him subject to the provisions of Section 204; xxx." "SEC. 76. Final Adjustment Return. - Every corporation liable to tax under Section 27 shall file a final adjustment return covering the total taxable income for the preceding calendar or fiscal year. If the sum of the quarterly tax payments made during the said taxable year is not equal to the total tax due on the entire taxable income of that year, the corporation shall either: (A) Pay the balance of tax still due; or (B) Carry-over the excess credit; or (C) Be credited or refunded with the excess amount paid, as the case may be. In case the corporation is entitled to a tax credit or refund of the excess estimated quarterly income taxes paid, the excess amount shown on its final adjustment return may be carried over and credited against the estimated quarterly income tax liabilities for the taxable quarters of the succeeding taxable years. Once the option to carry-over and apply the excess quarterly income tax against income tax due for the taxable quarters of the succeeding taxable years has been made, such option shall be considered irrevocable for that taxable period and no application for cash refund or issuance of tax credit certificate shall be allowed therefor." r Based on the foregoing provisions, a corporation entitled to a tax credit or refund of the excess income taxes paid in a

DECISION CTA CASE NO. 8638 given taxable year has two options: (1) to carry over the excess credit or (2) to apply for the issuance of a tax credit certificate or to claim a cash refund. In case the option to carry over the excess credit is exercised, the same shall be irrevocable for that taxable period and no application for cash refund or issuance of tax credit certificate shall be allowed therefor. 35 The phrase "for that taxable period" merely identifies the excess income tax subject of the option, by referring to the taxable period when it was acquired by the taxpaycr.36 The corporation must signify in its annual corporate adjustment return (by marking the option box provided in the BIR form) its intention, whether to carry over the excess credit or to claim a refund. The two options are alternative and not cumulative in nature, that is, the choice of one precludes the other.37 In its Annual ITR38 for CY 2010, petitioner had total tax credits of P56,233,00 1.00, which consisted of the prior year's excess credits in the amount of P30,420,208.00 and creditable taxes withheld during the year 2010 in the amount of P25,812,793.00 (P4,487,980.00 plus P21,324,813.00). Petitioner claims that its income tax due for CY 2010 in the amount of P2,453,330. 70 was paid using a portion of its prior year's excess credits of P30,420,208.00. This leaves the prior year's excess credits in the amount of P27,966,877.30 and creditable taxes withheld during the year 2010 in the amount of P25,812,793.00 totaling P53,779,670.30 unutilized as of December 31,2010, as shown below: ---- --~---- -----����-------~-~--------------- ------------ - --- ,-------- ---- ~-- --~~ ~~~- ~----- �~~- Prior Year's Excess Credits other than MCIT p 30,420,208.00 Less: Income Tax Due -----~~-~�3,330_. 7Q_ -����------- --- ���-----------~-------���--- -----------~ ---- ~~~---~---~~ -~~ ---~-- Balance of Prior Year's Excess Credits p 27,966,877.30 -~---------------- � - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --- -- - - �- -----�- - - ~ ----~- --~--~-~-- Add: Creditable Taxes Withheld -CY 2010 25,812,793.00 Excess Creditable Taxes Withheld as of December 31, P53, 779,670.30 2010 35 Systra Philippines, Inc. us. Commissioner of Internal Revenue, G.R. No. 176290, September 21, 2007. 36 Commissioner of Internal Revenue us. Bank of the Philippine Islands, G.R. No. 178490, July 7, 2009. 37 Republic of the Philippines, represented by the Commissioner of Internal Revenue us. Team (Phils.) Energy Corporation (formerly Mirant (Phils.) Energy Corporation}, G.R. No. 188016, ,January 14, 2015. 38 Exhibit "P 6", docket, pp. 395 396.

DECISION CTA CASE NO. 8638 Based on its 2009 Annual ITR39, petitioner opted to be issued a TCC for its P22,063,883.43 creditable income taxes withheld during CY 2009; thus, the prior year's excess credits of P30,420,208.00 reflected in its 2010 Annual ITR pertain to its excess tax credits as of December 31, 2008. To substantiate its prior year's excess credits of P30,420,208.00, petitioner submitted its Annual ITRs and the related Certificates of Creditable Taxes Withheld at Source (BIR Form No. 2307) for CYs 200440, 200541, 200642, 200743 and 200844 . However, only P20,689,694.27 of the prior year's excess tax credits was duly substantiated, as shown below: --- - - - � � � � � - �-�--�----~---------- --- --- --- - - - - - , - - - - - - - -------- ------------- Year --- ------------'C-W--T------------------ -----� Less: Disallowances --?.004 � - - - ~--~--- - -2-00!:i -----~-- 2006 Per this Court's Prior year's Per !CPA's further Net Allowable Less: Income CWT Tax Due excess Current year report45 verification46 Excess CWT ------ c-f - 1'1'1,9_2_~_,_116.00 I' '16'1&~6.8'1 1'6,111,01!:i.3_0__ __1'11,046,2'/3.8:3_ 9,()<;)_0~_'�_1?_.34 I' 1,%6,02'/.49 I" 1,956,0?.7.4~- _14,Q1~!_61()_~Q _468~'{6_._~~-- 821 ,86'/.04 _!_'�_,~81,299.86 8,'/99,18b:5l_i_ :--- !),882,113.92_ !),882,113.92 1!:i,122 O!:il.!:i9 93,8!:i'/.'/2 - 20,910 30'1.'19 6,!:i64,964.5'/ 14,34!),343.22 ?.007 ~2_~_�._3_'1:3_:~~- ___24, 108,2Q_6.1L __:3~158,8~3.7?._ ----- 32'7_,165.97__ _____14 ,8_2~_2_'!2,�_'1__ ?.5,499,714.94 __ __2_.~213_,_:534. 7() 9,633 463.00 20,689,694.2'/ ~-------- 2008 9,398,!:i34.'/0 20 983,393.00 !:i8,'/'/0.43 - 30,323,1!)'/.2'/ Applying the P20,689,694.27 prior year's excess credits against the Pl 0,184,335.30 47 income tax due for CY 2009 leaves the amount of P10,505,358.97 excess credits to be carried over to CY 2010. Evidently, the substantiated prior year's excess tax credits of P10,505,358.97 arc sufficient to cover petitioner's tax liability for CY 20 10 in the amount of P2,453,330. 70. Since petitioner marked the option "To be issued a Tax Credit Ccrtificatc"11 8 in its Annual ITR for CY 2010 and that the "Prior Year's Excess Credits" reflected in its Quarterly ITRs49 ~ 39 Exhibit "P-19", below line 33, docket, p. -136. 4o Exhibits "P-12"; "P-83-1" to "P-83-2983" as summarized in "P-83" and "P-8-1-1" to "P- 8-1 -1-1" as summarized in "P-8-1 ". 41 Exhibits "P-1-1"; "P-79-1" to "P-79-2618" as summarized in "P-79" and "P-80-1" to "P- 80 13" as summarized in "P 80". 42 Exhibits "P 15"; "P 75 1" to "P 75 3474" as summarized in "P 75" and "P 761" to "P 76 28" as summarized in "P 76". 43 .1:<-:xhibits "P 16"; "P 71 1" to "P 71 285", "P 71 287" to "P 71 3852" as summarized in "P 71" and "P 72 1" to "P 72 16" as summarized in "P 72". 44 Exhibits "P-17" and "P-18"; "P-56-1" to "P-56--17-10" as summarized in "P-56" and "P- 57-1" to "P-57--11" as summarized in "P-57". 4s Exhibits "P-8-1" and "P-85" (CY 200-1), "P-80" and "P-81" (CY 2005), "P-76" and "P-77" (CY 2006), P-72" and "P-73" (CY 2007), "P-57" and "P-58" (CY 2008). 46 Annex A of this Decision. 47 Exhibit "P-19", line 29, docket, p. -135. 48 Exhibit "P 6", below line 33, docket, p. 396. 49 Exhibits "P 7", "P8" and "P 9", line 31A, docket, pp. 399,401, and 403.

DECISION CTA CASE NO. 8638 and Annual ITR50 for CY 20 11 pertain only to its excess tax credits as of December 31, 2008, the unutilized CWT for CY 2010 in the amount of P25,812,793.00 may be the proper subject of a claim for TCC pursuant to Section 76 of the NIRC of 1997, as amended. In addition to the requirements provided under Section 76 of the NIRC of 1997, as amended, jurisprudence and pertinent BIR Revenue Regulations provide that the following requisites must be further complied with in order that the subject claim may be granted: 1. The claim for refund must be filed within the two- year prescriptive period as provided under Sections 204(C) and 229 of the NIRC of 1997, as amended; 2. The fact of withholding must be established by a copy of a statement duly issued by the payor (withholding agent) to the payee, showing the amount paid and the amount of tax withheld therefrom; and 3. The income upon which the taxes were withheld must be included in the return of the recipient. 51 Respondent argues that petitioner failed to submit the pertinent documents required under Revenue Memorandum Order (RMO) No. 53-98 and Revenue Regulations (RR) No. 2- 2006 to give support to the validity of its claim for unutilizcd creditable withholding tax for calendar year 201 0 and that petitioner failed to prove that it exhausted all administrative remedies before elevating the case to this Court. V The Court disagrees with respondent. 50 Exhibit "P-10", line 33A, docket, p. IJ05. 51 Citibank N.JL vs. Court of Appeals, et al., G.R No. 107434, October 10, 1997; ACCRA Investments Corporation vs. The Honorable Court of Appeals, et al., G.R. No. 96322, December 20, 1991; United International Pictures AH vs. Commissioner of Internal Revenue, G.R. No. 168331, October 11, 2012; Republic of the Philippines, represented by the Commissioner of Internal Revenue vs. Team (Phils.) Energy Corporation (formerly Mirant (Phils.) Energy Corporation), G.R. No. 188016, January 11, 2015; Section 2.58, Revenue Regulations No. 2 98, as amended.

DECISION CTA CASE NO. 8638 In the consolidated case of CBK Power Company Limited vs. Commissioner of Internal Revenue52, involving the refund of excess final withholding taxes, the Supreme Court held that since the administrative and judicial claims for refund were filed within the two-year prescriptive period, there was exhaustion of administrative remedies. Moreover, petitioner need not comply with all the documents prescribed in RMO No. 53-98 and RR No. 2-2006 before it can claim its unutilizcd creditable withholding tax. It only needs to comply with the three conditions enumerated abovc. 53 The Court now proceeds to determine petitioner's compliance with the three requisites for the grant of its subject claim. Anent the first requisite, the pertinent provisions arc Sections 204(C) and 229 of the NIRC of 1997, as amended, which read: "SEC. 204. Authority of the Commissioner to Compromise, Abate and Refund or Credit Taxes. - The Commissioner may - XXX XXX XXX (C) Credit or refund taxes erroneously or illegally received or penalties imposed without authority, refund the value of internal revenue stamps when they arc returned in good condition by the purchaser, and, in his discretion, redeem or change unused stamps that have been rendered unfit for usc and refund their value upon proof of destruction. No credit or refund of taxes or penalties shall be allowed unless the taxpayer files in writing with the Commissioner a claim V for credit or refund within two (2) years after the payment of the tax or penalty: Provided, however, 52 G.R. Nos. 193383 84 and G.R. Nos. 193407 08, January 14, 2015. 53 Jardine Lloyd Thompson Insurance Brokers, Inc. us. Commissioner of Internal Revenue, CTA Case No. 8471, April 14, 2015.

DECISION CTA CASE NO. 8638 That a return filed showing an overpayment shall be considered as a wriUen claim for credit or refund." "SEC. 229. Recovery of Tax Erroneously or illegally Collected. - No suit or proceeding shall be maintained in any court for the recovery of any national internal revenue tax hereafter alleged to have been erroneously or illegally assessed or collected, or of any penalty claimed to have been collected without authority, or of any sum alleged to have been excessively or in any manner wrongfully collected, until a claim for refund or credit has been duly filed with the Commissioner; but such suit or proceeding may be maintained, whether or not such tax, penalty, or sum has been paid under protest or duress. In any case, no such suit or proceeding shall be filed after the expiration of two (2) years from the date of payment of the tax or penalty regardless of any supervening cause that may arise after payment: Provided, however, That the Commissioner may, even without claim therefor, refund or credit any tax, where on the face of the return upon which payment was made, such payment appears clearly to have been erroneously paid." (Emphases supplied) It is well-settled in our jurisprudence that the reckoning of the two-year prescriptive period for the filing of a claim for refund/tax credit of excess income tax paid/withheld, both in the administrative and judicial levels, commences from the date of filing of the Final Adjustment Return. 51 It is only when the Final Adjustment Return covering the whole year is filed that the taxpayer would know whether a tax is still due or a V refund can be claimed based on the adjusted and audited figurcs. 55 54 ACCRA Investments Corporation vs. The Honorable Court of Appeals, et al., G.R No. 96322, December 20, 1991; Commissioner of Internal Revenue vs. TMX Sales, Inc. and the Court of Tax Appeals, G.R. No. 83736, January 15, 1992; Commissioner of Internal Revenue vs. The Philippine American Life Insurance Co., et al., G.R. No. 105208, May 29, 1995. 55 Commissioner of Internal Revenue vs. TMX Sales, Inc. and the Court of Tax Appeals, G.R. No. 83736, January 15, 1992.

DECISION CTA CASE NO. 8638 Based from the foregoing, petitioner has two years from the filing of its Annual ITR within which to file both its administrative and judicial claims for refund. In the instant case, petitioner filed its CY 2010 Annual ITR on April 15, 201156 . Counting from this date, petitioner had until April 15, 2013 within which to file its administrative claim as well as its judicial claim for the issuance of TCC. Thus, petitioner's administrative claim for refund filed on February 18, 201357 and the subsequent appeal via a Petition for Review filed before this Court on April 12, 2013 arc well within the two-year prescriptive period provided by law. Clearly, the first requisite has been satisfied. With regard to the second and third requisites, Section 2.58.3(8) of Revenue Regulations No. 2-98, as amended, provides: "SECTION 2.58.3. Claim for Tax Credit or Refund- XXX XXX XXX (B) Claims for tax credit or refund of any creditable income tax which was deducted and withheld on income payments shall be given due course only when it is shown that the income payment has been declared as part of the gross income and the fact of withholding is established by a copy of the withholding tax statement duly issued by the payor to the payee showing the amount paid and the amount of tax withheld therefrom." (Emphasis supplied) Anent the second requisite, petitioner presented a Schedule of Creditable Taxes Withheld for CY 2010 58 and various Certificates of Creditable Tax Withheld at Source (BIR V Form No. 2307) 59 to prove the fact of withholding of the subject claim in the amount of P25,812,793.00. The Court- 56 Par. 9, Admitted Facts, JSFI, docket, p. 177; Exhibit "P-6", docket, pp. 395-397. 57 Pars. 10 and 11, Admitted Facts, JSFI, docket, pp. 177-178; Exhibit "P-60", docket, pp. 1137-IJIJO. 58 Exhibit "P 31" (Exhibit "P 62", Part 2 of 14). 59 Exhibits "P 32 1" to "P 32 5206".

DECISION CTA CASE NO. 8638 commissioned ICPA examined the said documents and presented in the Final and Consolidated Report. dated January 16, 2014 the result of the verification, as follows: 60 Exhibit Summary of Certificate of Creditable Taxes No. Withheld at Source Amount Supported by original certificate of creditable tax withheld at source (I31R Form No. 2307) in the P-32 Petitioner's n_a_m_e__ P 25,630,431.52 ___ -"""""_" " "' ---"--~-""'-"" ""------------�--�------"--"---------"- -- Erroneous issuance of BIR Form No. 2307 by 110,692.50 the payor Double recording of HII< Form No. 2307 by the 71,669.03 ~ "" ---- __p_C!_y_Q_r ------- ----- - ------- -------� -� ---- -----"--- 182,361.53 -~---"�--f--"- .. _" _____ "_ " - - - . - - - - ... - � - - - - " - - - - � " - - - - - "" "------"'""'"---::---:--:----:-::c�-=-::-::--=-=---1 P-31 P25,812,793.05* -~--~~-"'''''""~--~-~"-- -~-"~- ""~-~~~-~-"-" ���-=-~---=~---~~"-~~ -~~---~~~----~-' *With a discrepancy ofPO. OS (P25,812, 793.00 less P25,812, 793.05) due to rounding off According to the ICPA, the erroneous issuance of CWT Certificate amounting to P110,692.50 refers to the CWT Certificate issued by Isuzu Automotive Dealership, Inc.- Alabang (IADI-Alabang) to petitioner pertaining to management fees. Based on the !CPA's verification, the total management. fees received by petitioner from IADI-Alabang amounted to P2,447,515.07, with an equivalent. income tax withheld of P367, 127.2661, which has been fully accounted and supported by petitioner. However, petitioner alleges that IADI-Alabang failed to retrieve the initial CWT Certificate of Pll 0,692.50 when it. issued the revised CWT Certificate to petitioner. On the other hand, the CWT Certificates in the total amount. of P71 ,669.03 were included twice in the Schedule of CWT Certificates prepared by petitioner. Hence, the erroneous Issuance and double recording of CWT Certificates in the total amount of P182,361.53 shall be disallowed from petitioner's claim. In addition, out. of the P25,630,431.52 found by the ICPA to be duly supported by original BIR Form No. 2307, the amount. of P331,643.16, broken down below, should, likewise, be disallowed: Exhibit Income Taxes Pa or's Name No. Pa ments Withheld CWTs supported by original BIR Forms No. 2307 wherein the payee's name ,v or the CWT amount was altered without countersignature ----"""-'"�------------- ------------------------------- ____"_"_ _ _ _ _ Gl~~_srnithkl_~I?-e Philippi!1es Ir~~-~-- _ P-32-1256 P 1, 174,084.~0 P 23,4~.!_.69 Subtotal P 1,174,084.50 P 23,481.69 60 Exhibit "P 62", Part 1 of 14, p. 7 of 28. 61 Exhibit "P 32 4997".

DECISION CTA CASE NO. 8638 CWTs supported by original BIR Forms No. 2307 issued in petitioner's name but without the authorized signature of the issuer/payor - - - - . - - - - - - - - - - - - - - - - � - - - - - - - - --- -~~- -�--�------~~---�- .. ---------�-��-----------��� ------ -�-----~- BPI Leasing Corporation P 32 586 P 375,000.00 P 3,750.00 BPI Leasing Corporation p 32 589 650,000.00 6,500.00 Federal Phoenix Assurance Co Inc P-32-1118 67,771.00 1,355.48 1,279,107.14 12,791.07 Honda Cars Cavite Inc (Southern Kar Krafters Inc) p 32 1415 _Q!:ix -~~ll.t~l_Co!PEr<:J:tiQ!!_ _ ----------~--- !'_~32=..?:30 1 ________ 1_, !i">6, 96_1 _._ 2___9__1-_ _1_1_!_,6-_6-9-.6-1- - - The Philippine American Life and General Insurance Company P-32-1517 818,750.00 8,187.50 - - - - - - - - - � � - - - - - - - - - - - - - - - - - - - ��-----~-------~~ . - - - - - - - - - - � - - - 1 - - - - - - - - - - - - - - - - - - - - - - - - - - � � - - - - - - - SB Cards Corporation P 32 4960 401,834.00 2,009.17 - - - - - - � � - - --------------~---- ---~--------~~---- ---~~ -~~------- - ------------ SB Cards Corporation P 32 4965 234,312.00 1,171.56 SB Cards Corporation P 32 4969 243,412.00 1,217.06 SB Cards Corporation P-32-1976 217,730.00 1,088.65 --------~~---- � - - - - - - - � - - - - �---~-----�- - -�--- -�- .. ~-- -~f-----� --------- ~------���--~--- _Sl}__Qar_c!~c_::~_porati_()l!__________ ----------~~- _p_~2-19Ti'_ _____?_02,831 .00_ __ 1,011_Xi' Mapfre Insular Insurance Corporation P 32 5112 159,497.83 23,925.08 Subtotal P 5,817,215.26 P 74,679.38 CWTs supported by original BIR Forms No. 2307 issued in petitioner's name but dated outside the period of claim ---------.-- ---�- ----~~--------~-------- --~~-- ----~ BPI/MS Insurance Corporation P-32-5002 P 108,488.33 P 16,273.25 BPI/ MS In~urance c~~~t:k;; ---~ -.IJ-325oo3 --- 82:981.96 -~1-2-:447.2_9_ BPI/MS Insurance Corporation P 32 5015 116,025.94 17,403.89 Mapfre Asian Insurance Corporation P-32-5090 232,501.81 31,876.06 - - - - - - - - - - � - � - - - - - - - - - � ----~---� - - - - - - - - - - - - - - - - - �-----~-.. -�-----~ ���------��---------~- Subtotal P 540,001.04 P 81,000.49 - - - - - - - - - � - - - - - - - � - � - � - - - - ��--~- - � - :----- ----~ ---�-----------�--�------~---- �- CWT supported by original BIR Form No. 2307 issued not in petitioner's registered trade names GMA Network Inc P-32-1285 P 15,248,160.00 P 152,481.60 �--------�� ---- ---------� --�- ��-------~--------~~----�-�----- --~------ S u b t o t a l - - P 1 5 , 2 4 8 , 1 6 0 . 0 0 ~--------~~----~� ----�---------~------- P152,4-8-1--.-6-0-- -�-------~r---- Total P22,779,460.80 P331,643.16 Thus, petitioner was able to satisfy the second requisite but only to the extent of P25,298,788.31, computed as follows: - - - - - - - - - � - - � - - - - - - -.. ---~~--------- - - - - - - - - - - - --------~~- --�---~-------�-� ------ Amount of claimed CWT p 25,812,793.00 Less: Disallowances Per !CPA's report 182,361.53 Per this Court's further verification 331,643.16 C!~i!De_c.!_~~!_~it_!! prop~-~!~ Forn1_~_No_._!2_~Q7________ P25,29~~788.31 ---- As to the third requisite, petitioner must prove that the income payments from which the substantiated CWTs of P25,298,788.31 were withheld were included in the reported amount of income in its Annual ITR. As corroborated by the ICPA, the CWT of P25,630,431.52 corresponds to the total income payments of P2,037,936,516.93, which comprised of sales of goods and services to corporate customers, insurance companies and "pass through" transactions paid through credit cards in the V total amount of P1 ,998,036,318.37 and of other income, such as rental, management fees, refund from Meralco and income

DECISION CTA CASE NO. 8638 as insurance agent in the total amount of P39,900, 198.56. Out of the P2,037,936,516.93 income payments, only the amount of P1, 717,520,032.29, with equivalent CWT of P21 ,414,227.13, was traced to the general ledgers (GL) and/ or invoices, journal vouchers pv), official receipts (OR), commission statements (CS) and check vouchers (CV) of petitioner for CYs 2009 and 2010, as summarized hcrcundcr:62 - - - - - � ------- -- -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -~,------ �-- - - - - - - - - � - - - - - --~------ ----~---�-� ��---~----------~-----���--- Income Payments traced to GLand/or Invoices/JV/OR/CS/CV Particulars Income Payments Tax Withheld Exhibit Equivalent No. CY 2009 CY 2010 Total Tax Withheld Sale of goods and services: "P-38" (Exh. "P 62", Parts Corporate 4-5 of r------JiL . _ C\J8!0I!1_er_s__~ 1,4_:J.~,6_'7~,6:37:i31_t"- 1_4,_8~!3_._839.~!)- P _6_,/'1)6_,4_28:!5.5_ J> _ _l,3?.5,'~:24,59�J8 . !'____1_,:3~,_521,027.33 _!'__ 13!8_57,959.4 !__ "P- 39"(Exh. "P-62", Parts Insurance 6-7of companies 192,375,634.81 2,968,753.30 14) 173,911,552.62 173,911,55?..62 2,698,884.56 "Pass 376,986,0'l5.75 1,884,919.21 "P-'l1" 184,402,876.43 184,402,876.43 922,009.40 Through" (Exh. "P- Transaction 62", s Parts paid 7-9of through credit cards 14) Subtotal P 1,998,036,318.37 p 19,'742,512.16 p 6,'796,428.55 p I ,684,039,027.83 p 1,690,835,456.38 p 17,478,853.3'1 Other income: "P-45" (Ex h. "P-62", Rental Part __if]CO_ITI~-- _ _ _ _ f'64I,92~52 ___1'32,3~6.48_ 9 of14_L!___19~,325.8~ _ "P-45" (Exh. "P-62", Mngt. Part fees �"!62 783.<:!_9_ _9__oj_�4)_____ .. _____. "P-45" Refund with (Exh. "P- active 62", Part ___c_ontract ..- - - - _8_9,313.3_6_ __ _ _2~2_28.28 2_of_J;+l~- --~-- __ �----- Jl'L~ 13_.~1----- __ 89,31}_,:3_f>_ _ _ _22,3_~�"28. "P-48" Income as (Exh. "P- insurance 62", Part 1 ____1lgel1!__ ____ }2,883,8~?-/'.!)__ _ 4,~Q6,41().61 _JS)_o[_]jj ____ Others 300,000.00 30,000.00 Subtotal P 39,900,198.56 P 5,887,919.36 p 199,3:J.5.89 p 26,485,250.02 p 26,684,575.91 p 3,935,373.76 ti'otal P2,037,936,516.93 P25,630,431.52 P6,995,754.44 P1,710,524,277.85 Pl,717,520,032.29 P21,414,227.13 However, the CWT of P21,414,227.13 related to the verified income payments of Pl,717,520,032.29 included the amount of P24,728.57 which was already disallowed for not being properly supported by BIR Form No. 2307. Consequently, the amount of P24,728.57 should be deducted from the total CWT of P21 ,414,227.13 to arrive at petitioner's V unutilized excess CWT for CY 201 0 tn the amount of P21 ,389,498.56, computed as follows: 62 Exhibit "P 62", Part 1 of 14, p. 18 of 28.

DECISION CTA CASE NO. 8638 r:quivalent CWT of income payments traced to various documents p 21,414,227.13 ~----------------~-------�----- -------��---------~------------~----- -- ---------r-------------- Less: CWT already disallowed for not being properly supported by HIR Form No. 2307 Exhs. "P-32-586"; "P-38", p. 24 (Exh. "P 62", Part1 of 11) P 3,750.00 ---------- ------------~----------------- -------- - - - - - - - - - - - - - - - - - - - - - - - - ------------ - - - - - -------------------------------- Exhs. "P-32-1415"; "P-38", p. 65 (Exh. "P- 62", Parl4 of 14) 12,791.07 Exhs. "P-32-4517"; "P-39", p. 150 (J<;xh. "P 62", ____Part_Z_g11_4L__________________ _________ ------~------ 8,187.50 24,728.57 -- ----~----------- ---~--~------ Substantiated unutilized excess CWT P21 ,389,498.56 --=-�--==-==--=��-====--~~=-=-:;.:-=--=--:~--==-,..c.==-:-~==--'-==-~--=:~=-=-=-. �---'=---=-�;:_==--=~ -,_,---_= .� -='~ ,-=-==�:-===.-====-� ~"'" ~---o-==�-=,---~..,----==o-=-=-~o=- In recapitulation, petitioner has sufficiently proven compliance with the three requisites for the refund of unutilized CWT, but only to the extent of P21 ,389,498.56 out of the total claimed CWT ofP25,812,793.00 for CY 2010. WHEREFORE, premises considered, the instant Petition for Review is hereby PARTIALLY GRANTED. Accordingly, respondent is hereby ORDERED TO REFUND or TO ISSUE A TAX CREDIT CERTIFICATE in favor of petitioner in the amount of P21 ,389,498.56 representing its excess and unutilizcd creditable withholding taxes for CY 2010. SO ORDERED. ~c.u~/2 AMELIA R. COTANGCO-MANALASTAS Associate Justice WE CONCUR: CAESA~CASANOVA Associate ~J usticc ~...w.~ e_ -~~~ t' ~ itiANITO c. CASTANEifA, JR. Associate ~Justice

DECISION CTA CASE NO. 8638 ATTESTATION I attest that the conclusions in the above Decision were reached in consultation before the case was assigned to the writer of the opinion of the Court's Division. Q ~c~.a Sff.ANiTo C. -CASTANElJA, JR. Associate Justice Chairperson CERTIFICATION Pursuant to Section 13, Article VIII of the Constitution and the Division Chairperson's Attestation, it is hereby certified that the conclusions in the above Decision were reached in consultation before the case was assigned to the writer of the opinion of the Court. Presiding ~Justice

CTA Case No. 8638 /\nncx 1\ - l'londa Ca'rs Makati, Inc. vs. ClR : Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld 2004 Disallowances 1. Prior years' CWTs received in 2004 a. Sale of Goods and Services 2000* P-83-1 4th quarter La Tondefia Distillers, Inc. 56,795.31 567.95 2001* 26,735.63 534.72 2,464.00 24.64 P-83-2 3rd quarter Abb, Inc. 2,862.00 28.62 P-83-3 3rd quarter Abb, Inc. 89,377.38 893.77 44,115.71 441.16 P-83-4 3rd quarter Clarion Manufacturing Corporation Of The Philippines 59,967.67 599.68 P-83-5 4th quarter Global Brands Company, Inc. 6,845.45 68.45 43,106.16 431.06 P-83-6 1st quarter La Tondefia Distillers, Inc. 11,615.00 232.30 P-83-7 2nd quarter La Tondefia Distillers, Inc. 3,156.00 31.56 756.00 15.12 P-83-8 3rd quarter La Tondefia Distillers, Inc. 831.00 8.31 8,718.18 P-83-9 4th quarter La Tondefia Distillers, Inc. 871,818.00 1,052.21 52,610.50 11,804.73 P-83-10 4th quarter Mermac, Inc. 1,624.51 1,099,407 .so 10,181.82 2002* 9,295.33 81,225.50 8,718.18 P-83-11 1st quarter Agribrands Philippines Inc. 1,018,182.00 9,682.00 5,154.55 P-83-12 2nd quarter Agribrands Philippines Inc. 929,533.74 9,714.17 871,818.18 17,963.64 P-83-13 2nd quarter Agribrands Philippines Inc. 968,200.00 4,545.45 515,454.55 4,527.27 P-83-14 3rd quarter Asian Terminals, Inc. 971,417.25 2,387.66 1,796,363.64 34,910.10 P-83-15 2nd quarter Avon Cosmetics, Inc. 454,545.45 966.22 452,727.27 503.44 P-83-16 3rd quarter Avon Cosmetics, Inc. 150,748.14 153.26 2,631,955.00 470.78 P-83-17 3rd quarter Avon Cosmetics, Inc. 243.82 96,622.33 84.67 P-83-18 3rd quarter Avon Cosmetics, Inc. 25,171.78 122.99 170.67 P-83-19 1st quarter Ayala Land, Inc. 7,662.38 144.01 23,538.90 226.13 P-83-20 4th quarter Ayala Land, Inc. 12,191.25 3,479.25 627.44 P-83-21 3rd quarter Bacnotan Consolidated Industries, Inc. 8,467.00 1,313.07 12,299.00 399.91 P-83-22 2nd quarter Bpi Leasing Corporation 17,067.00 4,717.86 14,401.00 7,076.63 P-83-23 3rd quarter Bpi Leasing Corporation 22,613.00 6,854.81 173,962.50 6,214.48 P-83-24 3rd quarter Bpi Leasing Corporation 31,372.00 4,972.80 65,653.50 4,959.68 P-83-25 4th quarter Bpi Leasing Corporation 39,991.00 9,707.00 471,786.00 243.75 P-83-26 4th quarter Bpi Leasing Corporation 707,663.00 179.15 685,481.00 5,502.50 P-83-27 1st-4th quarter Cici General Insurance Corporation 621,448.00 39.77 497,280.00 5,334.88 P-83-28 3rd-4th quarter Citibank N.A. 495,968.00 89.99 970,700.00 1,209.03 P-83-29 1st quarter Del Monte Philippines Inc 12,187.71 1,237.43 8,957.54 1,675.13 P-83-30 1st quarter Digital Telecommunications Phils., Inc. 550,250.00 12,976.60 3,977.45 78.76 P-83-31 2nd quarter Digital Telecommunications Phils., Inc. 533,488.44 8,763.64 4,499.50 P-83-32 3rd quarter Digital Telecommunications Phils., Inc. 60,451.50 f' 61,871.50 P-83-33 4th quarter Digital Telecommunications Phils., Inc. 167,513.00 1 1,297,660.00 P-83-34 1st quarter ETSI Technologies, Inc. 3,938.00 876,364.00 P-83-35 2nd quarter ETSI Technologies, Inc. P-83-36 3rd quarter ETSI Technologies, Inc. P-83-37 4th quarter ETSI Technologies, Inc. P-83-38 1st-4th quarter First Lepanto-Taisho Insurance Corporation P-83-39 1st-4th quarter Fuji Xerox Philippines, Inc. P-83-40 3rd quarter Generali Pilipinas Insurance Co., Inc. P-83-41 4th quarter Generali Pilipinas Insurance Co., Inc. P-83-42 2nd quarter Global Brands Company, Inc. P-83-43 2nd quarter Honda Cars Fairview P-83-44 1st quarter Honda Cars Fairview (A Division Of House Of Investments, Inc.) P-83-45 4th quarter Honda Cars Fairview (A Division Of House Of Investments, Inc.) P-83-46 3rd quarter Honda Cars Kalookan, Inc. P-83-47 1st quarter Honda Cars Queton City, Inc. P-83-48 2nd quarter Honda Cars Queton City, Inc. P-83-49 3rd quarter Honda Parts Manufacturing Corporation P-83-50 3rd quarter Kimberly-Clark Philippines, Inc. P-83-51 4th quarter Kodak Philippines, Ltd. P-83-52 4th quarter Kodak Philippines, Ltd. P-83-53 2nd quarter La Tondefia Distillers, Inc. P-83-54 I st quarter Laguna Properties Holdings, Inc. P-83-55 3rd quarter Maa General Assurance Phils., Inc. P-83-56 4th quarter Maa General Assurance Phils., Inc. P-83-57 2nd quarter Malayan Insurance Co., Inc. P-83-58 2nd quarter Malayan Insurance Co., Inc. P-83-59 1st quarter Merck Sharp And Dohme Philippines P-83-60 1st quarter Metro Rail Transit Corporation P-83-61 4th quarter Mindanao I Geothermal Partnership

CTA Case No. 8638 1\nncx 1\ Honda Cars Makati, lnc. vs. ClR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld P-83-62 1st quarter New Zealand Milk Philippines, Incorporated P-83-63 2nd quarter New Zealand Milk Philippines, Incorporated 9,007.50 180.15 P-83-64 3rd quarter New Zealand Milk Philippines, Incorporated 10,739.00 214.78 P-83-65 3rd quarter New Zealand Milk Philippines, Incorporated 15,669.00 313.38 P-83-66 1st-4th quarter Penn Philippines, Inc. 7,099.50 141.99 P-83-67 2nd quarter Petrogen Insurance Corporation 1,556,506.00 15,565.06 P-83-68 2nd quarter Pelrogen Insurance Corporation 18,909.09 378.18 P-83-69 4th quarter Philippine General Insurance Corporation 11,219.55 224.39 P-83-70 4th quarter Philippine Long Distance Telephone Company 9,272.73 185.45 P-83-71 1st quarter Philippine Postal Corporation 3,703,329.59 37,033.29 P-83-72 1sl quarter Pioneer Insurance & Surely Corporation 67,592.00 1,228.95 P-83-73 2nd quarter Sara Lee Phils., Inc. (Branded Apparel Div.) 480,909.09 4,809.09 P-83-74 4lh quarter Sara Lee Phils., Inc. (Branded Apparel Div.) 11,317.00 113.17 P-83-75 4th quarter Sara Lee Phils., Inc. (Branded Apparel Div.) P-83-76 1st-4th quarter Seaboard Eastern Insurance Co., Inc. 1,393.00 27.86 P-83-77 1sl-4lh quarter Seaboard Eastern Insurance Co., Inc. 4,309.00 43.09 P-83-78 1sl-4th quarter Seaboard-Eastern Insurance Co., Inc. 36,834.00 736.68 P-83-79 1sl-4lh quarter Seaboard-Eastern Insurance Co., Inc. 16,730.00 167.30 P-83-80 4lh quarter Shangri-La Plata Corporation 138,376.50 2,767.53 P-83-81 2nd quarter The Andresons Group, Inc. 182,178.00 1,821.78 P-83-82 3rd quarter The Andresons Group, Inc. 19,530.00 390.00 P-83-83 3rd quarter The Andresons Group, Inc. 32,714.00 327.14 P-83-84 4lh quarter The Andresons Group, Inc. 12,340.00 123.40 P-83-85 1sl quarter The Church Of Jesus Christ Of Latter-Day Saints 20,461.00 204.61 P-83-86 2nd quarter The Church Of Jesus Christ Of Latter-Day Saints 4,767.00 47.67 P-83-87 3rd quarter The Church Of Jesus Christ Of Latter-Day Saints 10,483.39 209.66 P-83-88 4th quarter The Church Of Jesus Christ Of Latter-Day Saints 103,129.68 2,062.58 P-83-89 3rd-4th quarter Tupperware (Philippines), Inc. 45,421.58 908.44 P-83-90 3rd-4th quarter Tupperware (Philippines), Inc. 8,816.26 176.32 P-83-91 1st quarter Union Cement Corporation 3,713.00 37.13 P-83-92 1st-4th quarter United Coconut Planters Life Assurance Corp. 1,290,933.00 12,909.33 2003* 1,032,465.26 10,324.65 P-83-93 2nd quarter Abb, Inc. 46,797.34 935.98 P-83-94 3rd quarter Abb, Inc. P-83-95 3rd quarter Abb, Inc. 28,098.59 561.97 P-83-96 4lh quarter Abb, Inc. 14,785.89 295.72 P-83-97 4th quarter Abb, Inc. 9,941.27 198.83 P-83-98 4th quarter Abb, Inc. 16,584.49 331.69 P-83-99 1st quarter Abbott Laboratories 9,31 1.99 186.42 P-83-100 2nd quarter Abbott Laboratories 55,401.84 1,108.00 P-83-101 2nd quarter Abbott Laboratories 70,743.00 707.43 P-83-102 3rd quarter Abbott Laboratories 572,922.00 5,729.22 P-83-1 03 4th quarter Aboiti1 Transport System Corp. 53,755.00 537.55 P-83-104 4lh quarter Adenphar Pharmaceuticals 58,701.00 587.01 P-83-105 4th quarter Adenphar Pharmaceuticals 486,728.00 4,867.28 P-83-106 1st-4th quarter Afp General Insurance Corp. P-83-107 2nd quarter Alcatel Philippines, Inc. 756.50 15.13 P-83-108 4th quarter Alcatel Philippines, Inc. 1,087.00 10.87 P-83-109 4th quarter Allied Bankers Insurance Corporation 124,177.00 2,483.54 P-83-110 3rd quarter Allied Domecq Phils., Inc. 42,196.00 843.92 P-83-111 3rd quarter Allied Domecq Phils., Inc. 90,302.00 1,806.04 P-83-112 4lh quarter Allied Domecq Phils., Inc. 58,649.13 1,172.98 P-83-113 4th quarter American Express International 28,959.50 579.19 P-83-114 1sl quarter Amkor Technology Philippines, Inc. 19,787.00 197.87 P-83-115 2nd quarter Amkor Technology Philippines, Inc. 23,846.00 476.92 P-83-116 3rd quarter Amkor Technology Philippines, Inc. 57,776.68 260.97 P-83-117 4th quarter Amkor Technology Philippines, Inc. 79,679.37 1,593.59 P-83-118 1st quarter Asia Traders Insurance Corporation 36,363.99 727.28 P-83-119 4lh quarter Astec International Lld. (Rohq) 94,576.85 1,891.53 P-83-120 2nd quarter Astra1eneca Pharmaceuticals (Phils) 20,621.39 412.43 P-83-121 2nd quarter Astrateneca Pharmaceuticals (Phils) 26,605.50 532.11 P-83-122 4th quarter Astra1eneca Pharmaceuticals (Phils) 1,106.50 22.13 P-83-123 4th quarter Astra1eneca Pharmaceuticals (Phils) 168,892.50 3,377.85 P-83-124 Year 2003 Astra1eneca Pharmaceuticals (Phils) 39,812.50 796.25 P-83-125 2nd quarter Aventis Pasteur Philippines, Inc. 351,428.60 7,140.86 P-83-126 2nd quarter Aventis Pasteur Philippines, Inc. 51,459.59 800.18 P-83-127 3rd quarter Avenlis Pasteur Philippines, Inc. 2,323.50 46.47 39,654.00 793.08 26,621.50 532.43 2,245.50 44.91 ~ 2

CTA Case No. 8638 Annex 1\ ~ionda Car~ Makati, Inc. vs. OR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld P-83-128 3rd quarter Avenlis Pasteur Philippines, Tnc. P-83-129 3rd quarter Aventis Pasteur Philippines, Tnc. 18,199.50 363.99 P-83-130 3rd quarter Avenlis Pasteur Philippines, Tnc. 1,606,818.00 16,068.18 P-83-131 4th quarter Avenlis Pasteur Philippines, Tnc. P-83-132 4th quarter Aventis Pasteur Philippines, Tnc. 15,367.50 307.35 P-83-133 4th quarter Avenlis Pasteur Philippines, Tnc. 3,345.50 66.91 P-83-134 4th quarter Aventis Pasteur Philippines, Tnc. P-83-135 I st quarter Avenlis Pharma 25,262.50 505.25 P-83-136 2nd quarter Aventis Pharma 1,606,818.00 16,068.18 P-83-137 3rd quarter Aventis Pharma P-83-138 4th quarter Avenlis Pharma 21,026.00 420.52 P-83-139 4th quarter Avenlis Pharma 17,995.06 179.96 P-83-140 1st quarter Avenlis Pharma Tnc. 25,759.62 257.60 P-83-141 3rd quarter Aventis Pharma Tnc. 69,870.03 1,397.40 P-83-142 3rd quarter Avon Cosmetics, Inc. 33,858.64 677.15 P-83-143 3rd quarter Avon Cosmetics, Tnc. 16,357.13 327.13 P-83-144 3rd quarter Avon Cosmetics, Inc. 3,188.07 P-83-145 4th quarter Avon Cosmetics, Inc. 15,759.03 31.88 P-83-146 4th quarter Avon Cosmetics, Inc. 45,315.00 315.18 P-83-147 l st quarter Ayala Land, Inc. 133,431.00 906.30 P-83-148 3rd quarter Ayala Land, Inc. 2,668.62 P-83-149 4th quarter Ayala Land, Inc. 402.00 P-83-150 4th quarter Ayala Land, Inc. 53,752.50 4.02 P-83-151 2nd quarter Ayala Property Mgmt Corp 620,763.00 1,075.05 P-83-152 2nd quarter Ayala Property Mgmt Corp 554,534.14 6,207.63 P-83-153 4th quarter Ayala Property Mgmt Corp 1,824,000.00 5,545.34 P-83-154 1st quarter B. Braun Medical Supplies, Inc. 1,117,454.55 18,240.00 P-83-155 2nd quarter B. Braun Medical Supplies, Tnc. 1,090,909.09 11,174.55 P-83-156 3rd quarter B. Braun Medical Supplies, Inc. 55,976.91 10,909.09 P-83-157 4th quarter B. Braun Medical Supplies, Inc. P-83-158 4th quarter B. Braun Medical Supplies, Inc. 8,978.35 559.77 P-83-159 4th quarter Banco Filiino Savings And Mortgage Bank 569,445.45 179.57 P-83-160 3rd quarter Banco Filipino Savings And Mortgage Bank 5,694.45 P-83-161 4th quarter Banco Filipino Savings And Mortgage Bank 32,246.00 644.92 P-83-162 1st quarter Bank Of Commerce 45,657.50 913.15 P-83-163 3rd quarter Bank Of Commerce 56,823.50 1,136.47 P-83-164 4th quarter Bank Of Commerce 21,848.50 436.97 P-83-165 2nd quarter Bank of the Philippine Islands 12,261.00 245.22 P-83-166 2nd quarter Bank of the Philippine Islands 104,300.08 2,086.01 P-83-167 4th quarter Bank Of The Philippine Islands 150.66 P-83-168 Year 2003 Basf Coatings, Inc. 7,532.77 175.76 P-83-169 Year 2003 Basf Coatings, Inc. 8,787.93 10,472.73 P-83-170 4th quarter Sayan Telecommunications. Inc, 1,047,272.75 17,636.36 P-83-171 4th quarter Sayan Telecommunications. Inc, 1,763,636.40 7,212.73 P-83-172 1st quarter Bayer Philippines, Inc. 721,273.02 9,090.91 P-83-173 1st quarter Bayer Philippines, Inc. 909,091.00 9,090.91 P-83-174 3rd quarter Bayer Philippines, Inc. 909,091.00 4,827.27 P-83-175 3rd quarter Bayer Philippines, Inc. 482,727.27 73.56 P-83-176 3rd quarter Bayer Philippines, Inc. 3,677.75 73.56 P-83-177 3rd quarter Bayer Philippines, Inc. 3,677.75 156.93 P-83-178 3rd quarter Bayer Philippines, Inc. 15,693.00 62.72 P-83-179 3rd quarter Bayer Philippines, Inc. 3,136.00 224.35 P-83-180 4th quarter Bayer Philippines, Inc. 22,435.00 368.21 P-83-181 4th quarter Bayer Philippines, Inc. 18,410.50 P-83-182 4th quarter Bayer Philippines, Inc. 1.80 P-83-183 4th quarter Bayer Philippines, Inc. 90.00 24.33 P-83-184 4th quarter Bio Femme, Inc. 2,433.00 13,275.89 P-83-185 4th quarter Bio Femme, Inc. 1,327,589.00 327.77 P-83-186 4th quarter Bmg Records (Pilipinas) Inc. 16,388.50 7,548.67 P-83-187 4th quarter Bmg Records (Pilipinas) Inc. 754,867.00 268.85 P-83-188 3rd quarter Bmg Records (Pilipinas), Inc. 13,442.50 849.99 P-83-189 3rd quarter Bmg Records (Pilipinas), Inc. 42,499.50 359.72 P-83-190 4th quarter Bmg Records (Pilipinas), Inc. 35,972.00 258.64 P-83-191 4th quarter Bmg Records (Pilipinas), Inc. 25,864.00 144.29 P-83-192 2nd quarter Boehringer Ingelheim (Phils.), Inc. 7,214.50 47.59 P-83-193 3rd quarter Boehringer Ingelheim (Phils.), Inc. 2,379.50 44.00 P-83-194 3rd quarter Boehringer Ingelheim (Phils.), Inc. 4,400.00 59.50 2,975.00 302.49 30,248.50 349.13 17,456.50 664.35 66,435.00 225.83 11,291.50 242.32 24,232.00 168.02 8,401.00 69.20 3,460.00 6,577.08 657,708.00 f 3

CTA Case No. 8638 Annex!\ H<?nda Cars Makati, Inc. vs. ClR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld P-83-195 4th quarter Boehringer Ingelheim (Phils.), Inc. P-83-196 4th quarter Boehringer Ingelheim (Phils.), Inc. 48,858.00 977.16 P-83-197 4th quarter Boehringer Ingelheim (Phils.), Inc. 8,621.00 172.42 P-83-198 4th quarter Bot Lease & Finance Phils., Inc. 10,518.50 210.37 P-83-199 4th quarter Bpi Family Savings Bank 9,027.27 P-83-200 1st quarter Bpi Leasing Corporation 993,000.00 9,092.50 P-83-201 1st quarter Bpi Leasing Corporation 909,250.00 9,090.91 P-83-202 1st quarter Bpi Leasing Corporation 909,090.91 8,172.73 P-83-203 1st quarter Bpi Leasing Corporation 817,272.73 8,981.82 P-83-204 1st quarter Bpi Leasing Corporation 898,181.82 6,827.27 P-83-205 2nd quarter Bpi Leasing Corporation 682,727.27 4,672.73 P-83-206 4th quarter Bpi Leasing Corporation 467,272.73 7,863.64 P-83-207 4th quarter Bpi Leasing Corporation 786,363.64 4,354.55 P-83-208 4th quarter Bpi Leasing Corporation 434,545.55 6,727.27 P-83-209 4th quarter Bpi Leasing Corporation 672,727.27 9,800.00 P-83-21 0 4th quarter Bpi Leasing Corporation 980,000.00 5,554.55 P-83-211 4th quarter Bpi Leasing Corporation 555,454.55 98,381.82 P-83-212 4th quarter Bpi Leasing Corporation 9,838,181.82 13,652.73 P-83-213 Year 2003 Bpi Leasing Corporation 1,356,272.73 19,038.44 P-83-214 3rd quarter Bpi/Ms Insurance Corporation 1,903,843.90 7,272.73 P-83-215 3rd quarter Bpi/Ms Insurance Corporation 727,272.73 24,043.93 P-83-216 3rd quarter BPI/MS Insurance Corporation 1,202,196.50 575.00 P-83-217 3rd quarter BPI/MS Insurance Corporation 22,009.55 P-83-218 3rd-4th quarter Bristol-Myers Squibb (Phil), Inc 57,500.00 2,162.59 P-83-219 3rd-4th quarter Bristol-Myers Squibb (Phil), Inc. 1,100,477.50 948.67 P-83-220 3rd quarter Burmah Castrol Philippines Inc. 70.65 P-83-221 4th quarter California Manufacturing Co. 216,259.00 204.92 P-83-222 4th quarter California Manufacturing Co. 94,867.00 1,941.23 P-83-223 4th quarter California Manufacturing Co. 7,065.00 2,862.80 P-83-224 4th quarter California Manufacturing Co. 22,541.20 P-83-225 3rd quarter Caltex (Philippines) Inc. 97,058.64 15.13 P-83-226 3rd quarter Cbi (Philippines), Inc 11.03 P-83-227 4th quarter Cbi (Philippines), Inc 286,279.22 13,463.64 P-83-228 1st-4th quarter CCC Insurance Corporation 756.25 826.57 P-83-229 1st-4th quarter CCC Insurance Corporation 815.97 P-83-230 Year 2003 Ccc Insurance Corporation 1,102.90 3,182.87 P-83-231 3rd quarter Century Canning Corporation 1,346,364.00 3,182.87 P-83-232 3rd quarter Cgu International Insurance Pic 1,100.23 P-83-233 3rd quarter Cgu International Insurance Pic 41,328.66 289.23 P-83-234 3rd quarter Cgu International Insurance Pic 40,798.50 771.62 P-83-235 4th quarter Cgu International Insurance Pic 159,143.42 6,377.18 P-83-236 4th quarter Cgu International Insurance Pic 159,143.42 3,304.91 P-83-237 4th quarter Cgu International Insurance Pic 55,011.60 3,544.68 P-83-238 4th quarter Chinatrust (Phils) Commercial Bank Corporation 14,461.50 438.16 P-83-239 1st-4th quarter Cici General Insurance Corporation 38,581.00 1,497.30 P-83-240 4th quarter City Government of Las Pinas 318,859.00 6,000.00 P-83-241 4th quarter City Government of Makali 165,245.50 2,194.46 P-83-242 4th quarter Clariant ( Philippines) Corp. 177,234.00 12,271.81 P-83-243 4th quarter Clariant ( Philippines) Corp. 21,908.00 9,663.64 P-83-244 4th quarter Clarion Manufacturing Corporation Of The Philippines 74,865.00 74.36 P-83-245 4th quarter Clarion Manufacturing Corporation Of The Philippines 600,000.00 182.33 P-83-246 1st quarter Coca-Cola Bottlers Philippines Inc. 123,570.07 680.65 P-83-247 2nd quarter Coca-Cola Bottlers Philippines Inc. 674,950.00 1,071.55 P-83-248 3rd quarter Coca-Cola Bottlers Philippines Inc. 483,182.00 1,588.37 P-83-249 4th quarter Coca-Cola Bottlers Philippines Inc. 2,412.96 P-83-250 4th quarter Colgate-Palmolive Philippines, Inc 3,717.50 2,422.85 P-83-251 3rd quarter Colgate-Palmolive Philippines, Inc. 18,232.59 543.94 P-83-252 4th quarter Colgate-Palmolive Philippines, Inc. 34,032.50 422.17 P-83-253 4th quarter Colgate-Palmolive Philippines, Inc. 107,155.00 374.86 P-83-254 1st quarter Collins International Trading Corporation 79,418.50 142.21 P-83-255 2nd quarter Collins International Trading Corporation 120,648.00 252.96 P-83-256 2nd quarter Collins International Trading Corporation 121,142.50 473.33 P-83-257 3rd quarter Collins International Trading Corporation 27,197.00 66.89 P-83-258 3rd quarter Collins International Trading Corporation 21,108.50 120.03 P-83-259 4th quarter Commonwealth Insurance Company 18,743.00 64.90 P-83-260 4th quarter Consolidated Distillers Of The Far East, Inc. 7,110.50 55.98 P-83-261 Year 2003 Consolidated Industrial Gases, Inc. 12,648.00 4,145.44 23,666.50 39.04 3,344.50 12,003.00 v9,072.82 3,245.00 5,598.00 207,272.00 3,904.00 907,282.85

CfA Case No. 8638 1\nnex 1\ t1onda Cars Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld P-83-262 Year 2003 Consolidated Industrial Gases, Inc. P-83-263 Year 2003 Consolidated Industrial Gases, Inc. 817,272.73 8,172.73 P-83-264 4th quarter Cosmos Bottling Corporation 817,272.73 8,172.73 P-83-265 4th quarter Covenant Assurance Company, Inc. P-83-266 4th quarter Crismina Garments, Inc. 17,918.15 358.36 P-83-267 4th quarter D.M. Consunji, Inc. 9,752.00 195.34 P-83-268 2nd quarter Dart (Philippines), Inc. 41,031.59 468.09 P-83-269 4th quarter Dart (Philippines), Inc. 273,638.50 5,472.77 P-83-270 4th quarter Dart Philippines, Inc. 3,395.00 67.90 P-83-271 4th quarter Del Monte Fresh Product(Philippines), Inc. 13,708.00 274.16 P-83-272 l st quarter Del Monte Philippines, Inc. 783.40 P-83-273 2nd quarter Del Monte Philippines, Inc. 783.40 P-83-274 2nd to 3rd quarter Del Monte Philippines, Inc. 770.00 15.40 P-83-275 2nd to 3rd quarter Del Monte Philippines, Inc. 177,250.31 1,772.51 P-83-276 2nd to 3rd quarter Del Monte Philippines, Inc. 149,460.57 1,494.61 P-83-277 3rd quarter Del Monte Philippines, Inc. 23,358.14 P-83-278 3rd quarter Del Monte Philippines, Inc. 32,182.86 467.16 P-83-279 3rd to 4th quarter Del Monte Philippines, Inc. 1,785.70 643.66 P-83-280 3rd to 4th quarter Del Monte Philippines, Inc. 43,555.49 P-83-281 3rd to 4th quarter Del Monte Philippines, Inc. 21,077.78 17.86 P-83-282 3rd to 4th quarter Del Monte Philippines, Inc. 17,677.63 871.12 P-83-283 3rd to 4th quarter Del Monte Philippines, Inc. 18,039.77 421.55 P-83-284 4th quarter Department Of Energy 798.31 353.55 P-83-285 4th quarter Department Of Energy 146,736.86 360.80 P-83-286 4th quarter Department Of Science And Technology 2,000.00 P-83-287 4th quarter Department Of Science And Technology 1,102.92 7.98 P-83-288 4th quarter Department Of Science And Technology 1,722.70 2,934.73 P-83-289 4th quarter Department Of Science And Technology 18,330.37 P-83-290 4th quarter Department Of Science And Technology 57,473.44 20.00 P-83-291 4th quarter Department Of Science And Technology 40,636.20 1,102.92 P-83-292 4th quarter Deutsche Bank Ag Manila Branch 39,544.82 1,722.70 P-83-293 3rd quarter Development Bank Of The Philippines 14,740.00 P-83-294 3rd quarter Development Bank Of The Philippines 18,330.37 333.28 P-83-295 4th quarter Development Bank Of The Philippines 878,181.82 1,044.97 P-83-296 Year 2003 Diageo Philippines, Inc. 26,476.85 P-83-297 Year 2003 Diageo Philippines, Inc. 5,110.00 738.84 P-83-298 1st quarter Digital Telecommunications Phils., Inc. 13,898.74 719.00 P-83-299 3rd quarter Digital Telecommunications Phils., Inc. 16,283.00 268.00 P-83-300 4th quarter Digital Telecommunications Phils., Inc. 120,531.00 333.28 P-83-301 I st quarter Digitel Mobile Phils. 6,429.94 8,781.82 P-83-302 2nd quarter Digitel Mobile Phils. 13,220.87 529.54 P-83-303 2nd quarter Digitel Mobile Phils. 23,688.02 102.20 P-83-304 3rd quarter Digitel Mobile Phils. 10,511.20 138.99 P-83-305 4th quarter Digitel Mobile Phils. 510,909.09 162.83 P-83-306 2nd quarter Digitel Mobile Phils. Inc. 19,452.59 2,410.62 P-83-307 2nd quarter Digitel Mobile Phils. Inc. 56,113.66 128.60 P-83-308 4th quarter Directories Philippines Corporation 5,001.36 264.43 P-83-309 4th quarter DMCI Holdings Inc. 510,909.09 473.76 P-83-31 0 2nd quarter Dow Chemical Philippines, Inc. 19,452.59 210.24 P-83-311 2nd quarter Dow Chemical Philippines, Inc. 50,950.00 5,109.09 P-83-312 4th quarter Du Pont Far East, Inc. 511,818.18 389.06 P-83-313 4th quarter Dummex Philippines, Inc. 7,447.50 1,122.28 P-83-314 2nd quarter Elan Pharmaceutical Corporation 32,737.34 100.02 P-83-315 3rd quarter Eli Lilly (Philippines), Inc. 13,264.12 5,109.09 P-83-316 4th quarter Eli Lilly (Philippines), Inc. 12,176.50 389.06 P-83-317 4th quarter Eli Lilly (Philippines), Inc. 1,701.00 1,019.00 P-83-318 4th quarter Enkei Philippines, Inc. 32,194.00 5,118.18 P-83-319 2nd quarter Equitable Insurance Corporation 55,652.00 148.95 P-83-320 3rd quarter Equitable Insurance Corporation 667,273.00 327.37 P-83-321 4th quarter Equitable Insurance Corporation 25,347.50 265.28 P-83-322 4th quarter Equitable Insurance Corporation 26,553.50 243.53 P-83-323 4th quarter Equitable Insurance Corporation 58,379.20 P-83-324 4th quarter Equitable Insurance Corporation 19,682.68 34.02 P-83-325 2nd quarter Equitable PCJ Bank 7,783.06 643.88 P-83-326 2nd quarter Equitable PCT Bank 23,982.55 1,113.04 P-83-327 3rd quarter Equitable PCT Bank 91,940.00 6,672.73 P-83-328 4th quarter Equitable PCI Bank 1,064,513.00 506.95 816,272.00 531.07 2,139,653.00 1,167.58 1,518,182.00 393.65 155.66 479.65 1,838.80 10,645.13 8,162.72 21,396.53 r15,181.82 5

CfA Case No. 8638 1\nncx 1\ H9rda Cars Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld P-83-329 4th quarter Ericsson Telecommunications, Inc. P-83-330 4th quarter Essex Pharmaceuticals, Inc. 6,637.40 120.68 P-83-331 1st quarter ETST Technologies, Tnc. 2,580,000.00 25,800.00 P-83-332 3rd quarter ETSI Technologies, Inc. P-83-333 4th quarter Export And Industry Bank, Inc. 49,263.00 492.63 P-83-334 3rd quarter Federal Phoenix Assurance Co., Inc. 3,821.00 38.21 P-83-335 3rd quarter Federal Phoenix Assurance Co., Inc. P-83-336 4th quarter Federal Phoenix Assurance Co., Inc. 363,636.00 3,636.36 P-83-337 4th quarter Federal Phoenix Assurance Co., Inc. 217,848.00 4,356.96 P-83-338 4th quarter Federal Phoenix Assurance Co., Inc. 221,669.00 4,433.38 P-83-339 4th quarter Federal Phoenix Assurance Co., Inc. 1,614,142.00 32,282.81 P-83-340 1st quarter Fii-Pacific Apparel Corporation 394,238.00 7,884.76 P-83-341 4th quarter First Gas Holdings Corporation 280,706.50 5,614.13 P-83-342 Year 2003 First Lepanto-Taisho Insurance Corporation 1,421,289.50 28,425.79 P-83-343 1st quarter First Philippine Industrial Park, Inc. 835,454.55 8,354.55 P-83-344 2nd quarter First Philippine Industrial Park, Inc. P-83-345 3rd quarter First Philippine Industrial Park, Inc. 6,658.00 133.16 P-83-346 4th quarter First Philippine Industrial Park, Inc. 1.18,991.00 1,189.91 P-83-347 4th quarter Fort Bonicio Development Corporation P-83-348 4th quarter Fort Bonifacio Development Corporation 4,791.00 95.82 P-83-349 4th quarter Fortune Guarantee & Insurance Corporation 14,742.50 294.85 P-83-350 2nd quarter Fortune Guarantee And Insurance Corporation 142.44 P-83-351 3rd quarter Fortune Guarantee And Insurance Corporation 7,122.00 P-83-352 4th quarter F-Tech Philippines Manufacturing Corporation 3,836.50 76.73 P-83-353 1st-4th quarter Fuji Xerox Philippines, Inc. 900,000.00 9,000.00 P-83-354 1st quarter General Milling Corporation 900,000.00 9,000.00 P-83-355 3rd quarter General Milling Corporation 84,251.50 1,685.03 P-83-356 3rd quarter General Milling Corporation 31,515.00 P-83-357 3rd quarter Glaxosmithkline Philippines Inc. 119,819.95 630.30 P-83-358 3rd quarter Glaxosmithkline Philippines Inc. 11,022.89 2,396.40 P-83-359 2nd quarter Global Brands Company, Inc. 1,701.00 P-83-360 3rd quarter Global Brands Company, Inc. 871,818.18 220.46 P-83-361 4th quarter Global Brands Company, Inc. 515,454.55 34.02 P-83-362 3rd quarter Globe Telecom Tnc. (Formerly Gmcr, Inc.) 1,096,654.54 P-83-363 4th quarter Globe Telecom Inc. (Formerly Gmcr, Inc.) 592,186.50 8,718.18 P-83-364 3rd quarter Gma Network Inc. 592,186.50 5,154.55 P-83-365 4th quarter Gma Network Inc. 17,103.00 10,964.55 P-83-366 1st quarter Golden Arches Development Corporation 52,727.50 11,843.73 P-83-367 2nd quarter Golden Arches Development Corporation 9,954.00 11,843.73 P-83-368 3rd quarter Golden Arches Development Corporation 5,555,227.00 P-83-369 3rd quarter Golden Arches Development Corporation 3,909,091.00 171.03 P-83-370 3rd quarter Golden Arches Development Corporation 5,001,818.00 1,054.75 P-83-371 4th quarter Golden Arches Development Corporation 872,727.00 P-83-372 4th quarter Golden Arches Development Corporation 36,213.00 199.08 P-83-373 4th quarter Golden Arches Development Corporation 4,862.50 55,552.37 P-83-374 2nd quarter Greenwich Pi11a Corporation 22,849.50 39,090.91 P-83-375 3rd quarter Hi-Precision Steel Center, Inc. 553,636.00 50,018.18 P-83-376 3rd quarter Home Development Mutual Fund 7,216.00 P-83-377 3rd quarter Home Development Mutual Fund (Hdmf) 44,025.50 8,727.27 P-83-378 3rd quarter Home Development Mutual Fund (Hdmf) 44,025.50 724.26 P-83-379 3rd quarter Home Development Mutual Fund (Hdmf) 2,113.50 97.25 P-83-380 3rd quarter Home Development Mutual Fund (Hdmf) 900,000.00 456.99 P-83-381 4th quarter Home Development Mutual Fund (Hdmf) P-83-382 4th quarter Home Development Mutual Fund (Hdmf) 756.25 5,536.36 P-83-383 3rd quarter Honda Cars Bacolod 6,232.29 144.32 P-83-384 3rd quarter Honda Cars Cagayan 2,015.76 880.51 P-83-385 2nd quarter Honda Cars Cebu, Inc. 4,727.23 880.51 P-83-386 3rd quarter Honda Cars Cebu, Inc. 42.27 P-83-387 3rd quarter Honda Cars Cebu, Inc. 756.26 P-83-388 3rd quarter Honda Cars Cebu, Inc. 3,310.92 9,000.00 P-83-389 3rd quarter Honda Cars Cebu, Inc. 1,800.00 15.13 P-83-390 4th quarter Honda Cars Cebu, Inc. 15,519.94 P-83-391 4th quarter Honda Cars Cebu, Inc. 2,546.00 124.65 P-83-392 4th quarter Honda Cars Cebu, Inc. 1,800.00 40.32 P-83-393 1st quarter Honda Cars Fairview (A Division of House of Investments, Inc.) 758,890.00 94.55 P-83-394 3rd quarter Honda cars Fairview (A Division Of House Of Investments, Inc.) 2,333,755.00 15.13 P-83-395 3rd quarter Honda Cars Kaloocan, Inc. 2,333,755.00 66.22 945,908.00 36.00 503,779.00 310.40 502,437.00 25.46 502,437.00 37.80 2,404,384.00 7,588.90 1,110,290.00 23,337.55 1,182,977.00 23,337.55 1,511,234.00 9,459.08 5,037.79 5,024.37 5,024.37 24,043.84 11,102.90 11,829.77 r15,112.34

qA Case No. 8638 1\nncx 1\ Honda Cars Makati, Inc. vs. ClR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld P-83-396 1st quarter Honda Cars Kalookan, Inc. P-83-397 4th quarter Honda Cars Kalookan, Inc. 578,413.00 5,784.13 P-83-398 4th quarter Honda Cars Kalookan, Inc. 2,814,531.00 28,145.31 P-83-399 4th quarter Honda Cars Kalookan, Inc. 1,515,332.00 15,153.32 P-83-400 4th quarter Honda Cars Manila 1,083,032.00 10,830.32 P-83-401 4th quarter Honda Cars Manila 1,214,554.00 12,145.54 P-83-402 3rd quarter Honda Cars Manila (A Division Of House Of Investments, Inc.) 1,447,009.00 14,470.09 P-83-403 2nd quarter Honda Cars Marikina 1,181,945.00 11,819.45 P-83-404 3rd quarter Honda Cars Marikina 3,130,760.00 31,307.60 P-83-405 3rd quarter Honda Cars Marikina 2,840,367.00 28,403.67 P-83-406 4th quarter Honda Cars Marikina 3,172,186.00 31,721.86 P-83-407 4th quarter Honda Cars Marikina P-83-408 3rd quarter Honda Cars Marikina (A Division of House of Investments, Inc.) 836,440.00 8,364.40 P-83-409 4th quarter Honda Cars Pangasinan 596,459.00 5,964.59 P-83-410 4th quarter Honda Cars Pangasinan 725,366.00 7,253.66 P-83-411 4th quarter Honda Cars Pangasinan, Inc. 2,120,069.00 19,273.35 P-83-412 4th quarter Honda Cars Philippines 1,092,685.00 9,933.50 P-83-413 4th quarter Honda Cars Philippines Tnc. 550,985.00 5,008.95 P-83-414 3rd quarter Honda Cars Philippines, Tnc. 407,118.00 4,071.18 P-83-415 4th quarter Honda Cars Philippines, Inc. 1,239,253.00 12,392.53 P-83-416 4th quarter Honda Cars Philippines, Inc. 1,291,877.00 12,918.77 P-83-417 3rd quarter Honda Parts Manufacturing Corporation 941,718.00 9,417.18 P-83-418 4th quarter Honda Parts Manufacturing Corporation 1,483,661.00 14,836.61 P-83-419 4th quarter Honda Philippines, Inc. 536,684.00 10,733.68 P-83-420 4th quarter Honda Philippines, Inc. 485,618.00 9,712.36 P-83-421 4th quarter Honda Philippines, Inc. 2,089,220.00 20,892.20 P-83-422 1st quarter Hooven Philippines Inc. 1,337.51 P-83-423 2nd quarter Hooven Philippines Tnc. 66,874.00 20,892.20 P-83-424 3rd quarter Hooven Philippines Inc. 2,089,220.00 P-83-425 4th quarter Hooven Philippines Inc. 916.28 P-83-426 4th quarter IMS Health Philippines, Inc. 45,814.00 36.58 P-83-427 1st, 2nd, and 3rd quarters Ims Health Phils., Tnc. 1,829.00 P-83-428 4th quarter Ingersoll - Rand Philippines, Inc. 788.85 P-83-429 4th quarter Insular General Insurance Co.,Inc 39,442.50 152.66 P-83-430 2nd quarter Insular Life Savings & Trust Company 7,633.00 478.41 P-83-431 3rd quarter Insular Life Savings & Trust Company 1,575.20 P-83-432 4th quarter Jaime Augusto Zobel De Ayala 23,920.65 402.82 P-83-433 4th quarter James Hardie Philippines, Inc. 78,760.72 9,978.84 P-83-434 4th quarter James Hardie Philippines, Inc. 40,281.65 6,854.54 P-83-435 4th- I st quarter James Hardie Philippines, Inc. 498,942.00 5,536.36 P-83-436 4th-l st quarter James Hardie Philippines, Inc. 754,000.00 150.52 P-83-437 4th quarter Japan Pnb Leasing And Finance Corporation 609,000.00 4,845.45 P-83-438 4th quarter Japan-PNB Leasing And Finance 267.00 P-83-439 3rd quarter Jollibee Foods Corporation 7,526.18 21,963.64 P-83-440 3rd quarter Jollibee Foods Corporation 484,545.40 248.00 P-83-441 3rd quarter Jollibee Foods Corporation 10,455.00 P-83-442 3rd quarter Jollibee Foods Corporation 13,371.47 17,818.18 P-83-443 4th quarter Kimberly-Clark Philippines Inc 2,196,363.64 8,154.55 P-83-444 4th quarter Kodak Philippines, Ltd. 8,727.27 P-83-445 4th quarter Kodak Philippines, Ltd. 12,438.00 8,154.55 P-83-446 4th quarter La Tondefia Distillers, Inc. I ,045,500.00 8,727.27 P-83-447 I st quarter Laboratoires Fournier Philippines, Inc. 1,781,818.00 4,914.09 P-83-448 2nd quarter Laboratoires Fournier Philippines, Tnc. 9,545.00 P-83-449 3rd quarter Laboratoires Fournier Philippines, Inc. 815,454.55 256.71 P-83-450 4th quarter Laboratoires Fournier Philippines, Inc. 872,727.27 45.36 P-83-451 4th quarter Laboratoires Fournier Philippines, Inc. 815,454.55 339.25 P-83-452 I st quarter Laguna Prop. Holdings Inc. 872,727.27 461.30 P-83-453 3rd quarter Laguna Prop. Holdings Inc. 491,409.09 194.17 P-83-454 3rd quarter Laguna Prop. Holdings Inc. 954,500.00 367.22 P-83-455 4th quarter Land Bank Of The Philippines 18,828.54 P-83-456 4th quarter Lapanday Foods Corporation 12,835.45 5,018.18 P-83-457 4th quarter Lapanday Foods Corporation 2,268.20 15,518.18 P-83-458 4th quarter LCSPT (Lafarge Cement Services Phils., Inc.) 16,962.50 23.39 P-83-459 1st quarter Lg Collins Electronics Manila Inc. 23,065.00 16,309.09 P-83-460 3rd quarter Lg Collins Electronics Manila Inc. 9,708.50 173.50 P-83-461 3rd quarter Lg Collins Electronics Manila Inc. 18,361.00 97.67 P-83-462 4th quarter Lg Collins Electronics Manila Inc. 1,882,854.00 5,300.00 501,818.18 190.08 I ,551,818.18 218.73 2,339.15 9,135.46 815,454.50 17,349.65 rI, 151.24 4,883.52 7 265,000.00 19,008.00 21,873.00 913,546.00 115,124.00

CfA Case No. 8638 /\nncx 1\ Honda Cars Makati, Inc. vs. CIR I Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld P-83-463 lst quarter L'Oreal Philippines, Inc. P-83-464 2nd quarter L'Oreal Philippines, Inc. 83,723.50 1,674.47 P-83-465 3rd quarter L'Oreal Philippines, Inc. 20,567.50 411.35 P-83-466 4th quarter L'Oreal Philippines, Inc. 36,271.50 725.43 P-83-467 1st quarter Maa General Assurance Phils., Inc. 31,230.50 624.61 P-83-468 3rd quarter Maa General Assurance Phils., Inc. 90,160.00 P-83-469 3rd quarter Maa General Assurance Phils., Inc. 160,419.50 l ,803.20 P-83-470 4lh quarter Maa General Assurance Phils., Inc. 3,208.39 P-83-471 1sl quarter Magnolia, Inc. 2,897.00 P-83-472 2nd quarter Magnolia, Inc. 262,030.00 57.94 P-83-473 3rd quarter Magnolia, Inc. 5,240.60 P-83-474 4th quarter Magnolia, Inc. 9,075.00 P-83-475 4lh quarter Magnolia, Inc. 23,511.00 181.50 P-83-476 3rd quarter Makati Dev'l Corp. 20,667.00 470.22 P-83-477 2nd quarter Malayan Insurance Co., Inc 87,200.50 413.34 P-83-478 2nd quarter Malayan Insurance Co., Inc 24,511.50 1,744.01 P-83-479 1st quarter Malayan Insurance Co., Inc. 820,000.00 490.23 P-83-480 1st quarter Malayan Insurance Co., Inc. 53,892.00 8,200.00 P-83-481 I st-4lh quarter Malayan Insurance Co., Inc. 116,591.00 1,077.84 P-83-482 1sl-4lh quarter Malayan Insurance Co., Inc. 44,993.50 1,165.91 P-83-483 2nd quarter Malayan Insurance Co., Inc. 67,105.00 899.87 P-83-484 2nd quarter Malayan Insurance Co., Inc. 324,655.50 671.05 P-83-485 3rd quarter Malayan Insurance Co., Inc. 633,032.00 6,493.11 P-83-486 3rd quarter Malayan Insurance Co., Inc. 67,483.00 6,330.32 P-83-487 3rd quarter Malayan Insurance Co., Inc. 97,842.00 1,349.66 P-83-488 3rd quarter Malayan Insurance Co., Inc. 6t,8ll.50 978.42 P-83-489 4th quarter Malayan Insurance Co., Inc. 150,513.00 1,236.23 P-83-490 4th quarter Malayan Insurance Co., Inc. 39,790.50 1,505.13 P-83-491 4lh quarter Malayan Insurance Co., Inc. 81,292.00 795.81 P-83-492 4th quarter Malayan Insurance Co., Inc. 22,578.50 812.92 P-83-493 4th quarter Malayan Insurance Co., Inc. 48,750.00 45.1.57 P-83-494 4th quarter Malayan Insurance Co., Inc. 58,611.00 487.50 P-83-495 1st-4th quarter Mapfre Asian Insurance Corporation 80,239.00 11172.22 P-83-496 lst-4th quarter Mapfre Asian Insurance Corporation 94,458.50 802.39 P-83-497 Year 2003 Mapfre Asian Insurance Corporation 212,953.00 1,889.17 P-83-498 Year 2003 Mapfre Asian Insurance Corporation 305,909.00 2,129.53 P-83-499 Year 2003 Mapfre Asian Insurance Corporation 138,262.00 3,059.09 P-83-500 Year 2003 Mapfre Asian Insurance Corporation 198,647.00 2,765.24 P-83-501 1st quarter Marsman Drysdale Corp. 132,794.50 1,986.47 P-83-502 Year 2003 Marsman Drysdale Foods Corporation 100,631.00 2,655.89 P-83-503 1st quarter Marsman Drysdale Medical Products, Inc. 78,163.00 1,006.31 P-83-504 2nd quarter Marsman Drysdale Medical Products, Inc. 1,563.26 P-83-505 3rd quarter Maslerfoods Philippines 378.00 P-83-506 3rd quarter Maslerfoods Philippines 10,296.00 7.56 P-83-507 4th quarter Masterfoods Philippines 14,091.00 205.92 P-83-508 4th quarter Masterfoods Philippines 2,382.00 281.82 P-83-509 3rd quarter Md Distripark Manila, Inc. 6,141.99 P-83-51 0 4th quarter Md Distripark Manila, Inc. 42,206.68 47.64 P-83-511 4th quarter Medichem Pharmaceuticals, Inc. 16,763.75 1.22.84 P-83-512 4lh quarter Medichem Pharmaceuticals, Inc. 74,939.43 422.07 P-83-513 1st-4th quarter Megaworld Corporation 167.64 P-83-514 1st quarter Merck Sharp and Dohme Philippines 1,856.50 1,498.79 P-83-515 2nd quarter Merck Sharp and Dohme Philippines 861.50 37.13 P-83-516 3rd quarter Merck Sharp and Dohme Philippines P-83-517 3rd quarter Merck Sharp and Dohme Philippines 1.9,562.50 1.7.23 P-83-518 4th quarter Merck Sharp And Dohme Philippines 4,440.00 391.25 P-83-519 4th quarter Merck Sharp and Dohme Philippines 39,732.00 P-83-520 Year 2003 Merck, Inc 3,385.11 44.40 P-83-521 Year 2003 Merck, Inc. 1.4,763.74 794.64 P-83-522 4th quarter Meridian Assurance Corporation 551,042.46 P-83-523 3rd quarter Metro Drug, Inc. 9,010.49 67.77 P-83-524 4th quarter Metro Drug, Inc. 590,141.82 295.57 P-83-525 1st quarter Metro Rail Transit Corporation 10,052.45 1.1 ,031.87 P-83-526 1st quarter Metrolab Industries Inc 354,613.00 180.39 P-83-527 1sl quarter Metrolab Industries Inc 103,808.00 5,901.42 P-83-528 1st quarter Millon Incorporated 27,688.94 201.25 P-83-529 4th quarter Millon Incorporated 31,595.50 3,546.13 25,941.50 1,038.08 553.78 756.50 631.91 13,729.00 518.83 1,389.00 15.13 9,731.18 137.29 4,912.54 27.78 194.62 98.25 j/ 8

CTA Case No. 8638 /\nncx 1\ Honda Cars Makati, lnc. vs. C!R ' Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld P-83-530 4lh quarter P-83-531 4th quarter Miranl (Philippines) Energy Corp (Formerly: Miranl (Philippines) Mobi 18,512.00 370.24 P-83-532 4th quarter P-83-533 4th quarter Monde Nissin Corporation 15,439.67 308.79 P-83-534 1slto 3rd quarter P-83-535 3rd quarter Monde Nissin Corporation 526,727.27 5,267.27 P-83-536 1sl quarter P-83-537 2nd quarter Monde Nissin Corporation 3,581.82 71.64 P-83-538 3rd quarter P-83-539 4lh quarter Nestle Philippines, Inc. 5,127,962.00 51,279.62 P-83-540 4lh quarter P-83-541 3rd quarter Nestle Philippines, Inc. 519,455.00 5,194.55 P-83-542 4th quarter P-83-543 4lh quarter New Zealand Milk Philippines, Incorporated 11,950.50 239.01 P-83-544 4lh quarter P-83-545 4lh quarter New Zealand Milk Philippines, Incorporated 14,529.00 290.58 P-83-546 4lh quarter P-83-547 4th quarter New Zealand Milk Philippines, Incorporated 9,848.50 196.97 P-83-548 3rd quarter P-83-549 4lh quarter New Zealand Milk Philippines, Incorporated 11,692.00 233.84 P-83-550 4th quarter P-83-551 1sl-4lh quarter Northwest Insurance & Surely Co., Inc. 23,307.68 466.15 P-83-552 1sl quarter P-83-553 2nd quarter Oep Phils., Inc. 10,279.50 205.59 P-83-554 1sl quarter P-83-555 1sl quarter Oriental Assurance Corporation 6,579.00 65.79 P-83-556 2nd quarter P-83-557 3rd quarter Oriental Assurance Corporation 14,305.00 286.10 P-83-558 1sl quarter P-83-559 2nd quarter Oriental Assurance Corporation 238,596.00 2,385.96 P-83-560 3rd quarter P-83-561 4lh quarter Oriental Assurance Corporation 62,431.00 1,248.62 P-83-562 4th quarter P-83-563 3rd quarter Oriental Assurance Corporation 238,596.00 2,385.96 P-83-564 4lh quarter P-83-565 2nd quarter Oriental Assurance Corporation 62,431.00 1,248.62 P-83-566 4lh quarter P-83-567 2nd quarter Orix Metro Leasing And Finance Corp. 454,545.00 4,545.45 P-83-568 2nd quarter P-83-569 1sl quarter Orix Metro Leasing And Finance Corporation 5,979,452.00 59,794.52 P-83-570 2nd quarter P-83-571 3rd quarter Orix Metro Leasing And Finance Corporation 1,515,454.00 15,154.54 P-83-572 3rd quarter P-83-573 4lh quarter Paramount Life & General Insurance Corp. 360,746.50 7,214.93 P-83-574 1sl quarter P-83-575 3rd quarter Paramount Life & General Insurance Corporation 228,560.50 4,571.21 P-83-576 4lh quarter P-83-577 4th quarter Paramount Life & General Insurance Corporation 373,267.00 7,465.34 P-83-578 3rd quarter P-83-579 4lh quarter Paramount Life and General Insurance Corp. 291,918.50 5,838.37 P-83-580 1sl quarter P-83-581 tsl quarter Paramount Life And General Insurance Corporation 63,583.00 1,271.66 P-83-582 2nd quarter P-83-583 2nd quarter Paramount Life And General Insurance Corporation 572,114.00 11,442.28 P-83-584 2nd quarter P-83-585 2nd quarter Paramount Life And General Insurance Corporation 256,952.00 5,139.04 P-83-586 3rd quarter P-83-587 3rd quarter Pascual Laboratories, Inc. 38,677.50 773.55 P-83-588 3rd quarter P-83-589 3rd quarter Pascual Laboratories, Inc. 16,717.00 334.34 P-83-590 3rd quarter P-83-591 3rd quarter Pascual Laboratories, Inc. 47,636.50 952.73 P-83-592 4th quarter P-83-593 4lh quarter Pascual Laboratories, Inc. 17,929.00 179.29 P-83-594 4lh quarter P-83-595 4lh quarter Pascual Laboratories, Inc. 17,393.00 347.86 P-83-596 2nd quarter Pci Leasing & Finance, Inc. 2,670,000.00 24,272.75 PCT Leasing And Finance, Inc. 523,000.00 4,754.55 Pedialrica, Inc. 47,551.00 951.02 Pedialrica, Inc. 33,865.50 677.31 Penn Philippines Export, Inc. 30,666.50 613.33 Penn Philippines, Inc 23,638.00 472.76 Pepsi Cola Products Phils., Tnc. 22,938.00 458.76 Pepsi Cola Products Phils., Inc. 75,256.00 1,505.12 Pepsi Cola Products Phils., Inc. 5,256.50 105.13 Pepsi Cola Products Phils., Inc. 1,023,915.00 10,239.15 Pepsi Cola Products Phils., Inc. 11,630.00 232.60 Perfetti Van Melle Philippines, Inc. 23,393.00 233.93 Perfetti Van Melle Philippines, Inc. 11,775.00 117.75 Pelrogen Insurance Corporation 207.95 207.95 Pelrogen Insurance Corporation 42,135.45 842.71 Pelron Corporation 660,006.60 6,600.07 Pelron Corporation 684,552.30 6,845.53 Pfiter, Inc. 1,667.00 33.34 Pfiter, Inc. 84,423.00 844.23 Pfiter, Inc. 600.00 12.00 Pfiter, Inc. 44,955.00 449.55 Pfiter, Inc. 27,420.00 548.40 Pfi1er, Inc. 138,555.00 1,385.55 Pfi1er, Inc. 6,332.00 126.64 Pfi1er, Inc. 18,598.00 185.98 Pfi1er, Inc. 3,122.50 62.45 Pfi1er, Inc. 1,863,305.00 18,633.05 Pfiler, Inc. 12,871.50 257.43 Pfi1er, Inc. 7,781,385.00 77,813.85 Pfi1er, Inc. 19,480.50 389.61 Pfi1er, Inc. 96,338.00 963.38 Pharma Dynamic, Inc. 1,264.00 11.49 Phelps Dodge Philippines Energy Products Corporation 2,876.50 57.53 Philam Insurance Company, Inc. 173,288.00 3,465.76 9

erA Case No. 8638 1\nncx 1\ Honda Car.s, Makati, lnc. vs. ClR �' ' Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld P-83-597 2nd quarter Philam Insurance Company, Inc. P-83-598 3rd quarter Philam Insurance Company, Inc. 611,482.00 12,229.64 P-83-599 3rd quarter Philam Insurance Company, Inc. 180,641.75 3,612.83 P-83-600 4th quarter Philam Insurance Company, Inc. 368,082.90 7,361.67 P-83-601 4th quarter Philam Insurance Company, Inc. 103,913.41 2,078.25 P-83-602 3rd quarter Philip Morris Philippines Manufacturing Inc. 330,826.98 6,616.56 P-83-603 3rd quarter Philip Morris Philippines Manufacturing Inc. 67,345.50 1,346.91 P-83-604 4th quarter Philip Morris Philippines Manufacturing Inc. 67,345.50 1,346.91 P-83-605 4th quarter Philippine Amusement and Gaming Corporation 103,829.00 2,076.58 P-83-606 4th quarter Philippine Amusement and Gaming Corporation 508,181.82 10,163.64 P-83-607 3rd quarter Philippine Deposit Insurance Corporation 508,181.82 15,245.45 P-83-608 4th quarter Philippine Deposit Insurance Corporation P-83-609 1sl quarter Philippine Fire And Marine Insurance Corp. 18,224.48 364.49 P-83-610 lsl quarter Philippine Fire And Marine Insurance Corp. 24,625.52 492.51 P-83-611 Year 2003 Philippine Fire And Marine Insurance Corporation 24,736.50 494.79 P-83-612 Year 2003 Philippine Fire And Marine Insurance Corporation P-83-613 Year 2003 Philippine Fire And Marine Insurance Corporation 8,716.00 87.18 P-83-614 Year 2003 Philippine Fire And Marine Insurance Corporation 4,545.00 90.90 P-83-615 1st quarter Philippine First Insurance Co., Inc. 1,695,000.00 16,950.00 P-83-616 4th quarter Philippine First Insurance Co., Inc. 11,769.00 235.38 P-83-617 2nd quarter Philippine General Insurance Corporation 11,894.00 118.94 P-83-618 4th quarter Philippine General Insurance Corporation 13,893.50 277.87 P-83-619 4th quarter Philippine General Insurance Corporation 3,179.00 63.58 P-83-620 4th quarter Philippine General Insurance Corporation 20,395.86 407.92 P-83-621 4th quarter Philippine Long Distance Telephone Company 21,359.00 427.18 P-83-622 4lh quarter Philippine Long Distance Telephone Company 31,130.31 622.61 P-83-623 4lh quarter Philippine Long Distance Telephone Company 5,327.27 106.54 P-83-624 3rd quarter Philippine Seven Corporation 2,978,981.82 29,789.82 P-83-625 4th quarter Philips Electronics and Lighting, Inc. 133,207.39 2,664.16 P-83-626 3rd quarter Phimco Industries Inc. 82,933.35 1,658.66 P-83-627 4lh quarter Phimco Industries Inc. 5,118.00 102.36 P-83-628 l sl quarter Pilipinas Kao, Inc. 681,400.00 6,814.00 P-83-629 2nd quarter Pilipinas Kao, Inc. 6,727.50 134.55 P-83-630 3rd quarter Pilipinas Kao, Inc. 6,000.00 120.00 P-83-631 3rd quarter Pilipinas Makro, Inc. 13,399.64 267.99 P-83-632 3rd quarter Pioneer Insurance & Surely Corporation 11,410.88 228.22 P-83-633 3rd quarter Pioneer Insurance & Surely Corporation 5,949.34 118.99 P-83-634 3rd quarter Pioneer Insurance & Surely Corporation 2,870.50 57.41 P-83-635 4lh quarter Pioneer Insurance & Surely Corporation 66,682.79 1,333.66 P-83-636 3rd quarter Planters Development Bank 49,097.95 981.96 P-83-637 4th quarter Pnoc Energy Development Corporation 1,842,259.10 18,432.60 P-83-638 4th quarter Pnoc Energy Development Corporation 391,461.45 7,729.24 P-83-639 4th quarter PNOC Energy Development Corporation 872,727.00 8,727.27 P-83-640 4lh quarter PNOC Energy Development Corporation 1,688,182.00 33,763.64 P-83-641 3rd quarter Psi Technologies, Inc. 1,688,182.00 50,645.46 P-83-642 4lh quarter Psi Technologies, Inc. 872,727.33 17,454.55 P-83-643 3rd quarter Quaker Oats Asia, Inc. - Philippine Branch 872,727.33 26,181.82 P-83-644 2nd quarter Reckill Benckiser (Philippines), Inc. 116,525.46 1,165.26 P-83-645 3rd quarter Reckill Benckiser (Philippines), Inc. 152,504.28 1,525.05 P-83-646 4th quarter Reckill Benckiser (Philippines), Inc. 4,140.50 82.81 P-83-647 4th quarter Rfm Corporation 3,583.50 71.67 P-83-648 4th quarter Rilemed Phils., Inc. 17,779.00 355.58 P-83-649 4th quarter Rilemed Phils., Inc. 14,317.50 286.35 P-83-650 Robinson Land Corporation 38,225.40 382.25 P-83-651 1sl quarter Robinson Land Corporation 2,989.00 59.78 P-83-652 1sl quarter Rockwell Land Corporation 3,870.00 38.70 P-83-653 2nd quarter Rockwell Land Corporation 6,431.00 128.62 P-83-654 2nd quarter Rockwell Land Corporation 57,826.50 1,156.53 P-83-655 2nd quarter Rockwell Land Corporation 19,688.50 393.77 P-83-656 3rd quarter Rockwell Land Corporation 19,688.50 393.77 P-83-657 3rd quarter Rockwell Land Corporation 25,350.50 507.0.1 P-83-658 3rd quarter Rockwell Land Corporation 14,261.50 285.23 P-83-659 3rd quarter Rockwell Land Corporation 25,350.50 507.01 P-83-660 3rd quarter Rockwell Land Corporation 30,832.00 616.64 P-83-661 3rd quarter Rockwell Land Corporation 1,772,727.00 17,727.27 P-83-662 4lh quarter Rockwell Land Corporation 45,987.50 919.75 P-83-663 Rockwell Land Corporation 30,832.00 616.64 524,000.00 5,240.00 45,987.50 919.75 313,918.50 r6,278.37 10

CTA Case No. 8638 Annex J\ ..Honda Car.s Makati, Inc. vs. ClR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld P-83-664 4th quarter Rockwell Land Corporation P-83-665 4th quarter Rockwell Land Corporation 524,000.00 5,240.00 P-83-666 4th quarter Rockwell Land Corporation 317,619.50 6,352.39 P-83-667 4th quarter Rockwell Land Corporation 313,918.50 6,278.37 P-83-668 4th quarter Rockwell Land Corporation 1,772,727.00 17,727.27 P-83-669 4th quarter Rockwell Land Corporation 317,619.50 6,352.39 P-83-670 4th quarter Rockwell Land Corporation 313,918.50 6,278.37 P-83-671 4th quarter Rockwell Land Corporation 524,000.00 5,240.00 P-83-672 2nd quarter Rockwell Land Corporation- Power Plant Mall 317,619.50 6,352.39 P-83-673 4th quarter S.C. Johnson & Son, Inc. P-83-674 1st quarter Sagara Metro Plastics Industrial Corporation 14,261.50 285.23 P-83-675 3rd quarter Sagara Metro Plastics Industrial Corporation 1,855,409.09 18,554.09 P-83-676 4th quarter Sagara Metro Plastics Industrial Corporation P-83-677 1st quarter San Miguel Corporation 2,042.00 20.42 P-83-678 1st quarter San Miguel Corporation 7,627.00 76.27 P-83-679 1st quarter San Miguel Corporation 2,554.00 51.08 P-83-680 2nd quarter San Miguel Corporation 3,014.85 30.15 P-83-681 2nd quarter San Miguel Corporation 11,449.50 228.99 P-83-682 3rd quarter San Miguel Corporation 28,114.00 281.14 P-83-683 3rd quarter San Miguel Corporation 17,584.50 351.69 P-83-684 4th quarter San Miguel Corporation 48,073.50 480.73 P-83-685 4th quarter 5an Miguel Corporation 7,428.00 148.56 P-83-686 4th quarter San Miguel Corporation 24,376.00 243.76 P-83-687 4th quarter San Miguel Corporation 948,181.82 18,963.64 P-83-688 Year 2003 San Miguel Corporation 14,908.74 298.18 P-83-689 Year 2003 San Miguel Corporation 11,428.00 228.56 P-83-690 San Miguel Corporation - Beer Division 27,278.00 272.78 P-83-691 4th quarter San Miguel Corporation Smpp Division Office 967,927.32 19,358.55 P-83-692 3rd quarter Sanofi-Synthelabo Philippines, Inc. 1,158,764.63 23,175.23 P-83-693 3rd quarter Sanofi-Synthelabo Philippines, Inc. 20,314.50 406.29 P-83-694 2nd quarter Sara Lee Philippines Inc 4,517.70 90.35 P-83-695 2nd quarter Sara Lee Philippines Jnc 13,698.98 273.99 P-83-696 2nd quarter Sara Lee Philippines Inc 15,339.38 153.39 P-83-697 2nd quarter Sara Lee Philippines Inc 11,154.00 111.54 P-83-698 4th quarter Sara Lee Philippines Inc 3,535.00 70.70 P-83-699 4th quarter Sara Lee Philippines Inc 3,341.00 33.41 P-83-700 2nd quarter Sara Lee Philippines Inc. 3,492.50 69.85 P-83-701 2nd quarter Sara Lee Philippines Inc. 16,316.50 326.33 P-83-702 4th quarter Sara Lee Philippines Inc. 38,641.00 386.41 P-83-703 4th quarter Sara Lee Philippines Inc. 983,834.00 9,838.34 P-83-704 lst quarter Sara Lee Phils., Inc. (Branded Apparel Div.) 8,720.00 174.40 P-83-705 3rd quarter Sara Lee Phils., Inc. (Branded Apparel Div.) 616,479.00 6,.164.79 P-83-706 3rd quarter Sara Lee Phils., Inc. (Branded Apparel Div.) 5,724.00 114.48 P-83-707 4th quarter Sarimanok Feeds Company, Inc. 6,858.00 137.16 P-83-708 4th quarter Sarimanok Feeds Company, Inc. 5,900.50 118.01 P-83-709 4th quarter Schering Plough Corporation 1,313,033.00 13,130.33 P-83-710 1st quarter Science Park Of The Phils., Inc. 3,118.50 62.37 P-83-711 2nd quarter Science Park Of The Phils., Inc. 10,674.00 106.74 P-83-712 3rd quarter Science Park Of The Phils., Inc. 10,884,393.00 108,843.93 P-83-713 Seaboard-Eastern Insurance Co., Inc. 8,429.62 168.60 P-83-714 2nd quarter Seaboard-Eastern Insurance Co., Inc. 17,204.14 344.09 P-83-715 3rd quarter Selecta Wall'S Inc. 62,935.20 1,258.71 P-83-716 3rd quarter Selecta Wall'S Inc. 76,690.50 1,533.81 P-83-717 4th quarter Selecta Wall'S Inc. 57,073.00 570.73 P-83-718 4th quarter Servier Philippines, Inc. 212,643.27 4,252.87 P-83-719 4th quarter Servier Philippines, Inc. 13,791.62 137.91 P-83-720 4th quarter Servier Philippines, Inc. 52,029.66 1,040.59 P-83-721 2nd quarter Sgs Philippines, Inc. P-83-722 3rd quarter Shangri-La Pla;a Corporation 773.00 7.73 P-83-723 4th quarter Shangri-La Pla;a Corporation 183,185.50 3,663.71 P-83-724 4th quarter Siemens Inc 1,746,648.00 17,466.48 P-83-725 4th quarter Siemens Inc 272,272.50 5,445.45 P-83-726 4th quarter Siemens Inc P-83-727 1st quarter Siemens Inc 17,168.00 343.36 P-83-728 2nd quarter Siemens Inc. 76,581.00 1,531.62 P-83-729 3rd quarter Siemens Inc. P-83-730 Siemens Inc. 9,894.50 197.89 1,148,943.00 11,489.43 1,411.50 28.23 5,895.00 58.95 7,545.00 150.90 1,106.50 22.13 6,179.50 r123.59 11

CfA Case No. 8638 /\nnex 1\ H?nda Ca~s Makati, Inc. vs. ClR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld P-83-731 3rd quarter Siemens Inc. P-83-732 3rd quarter Siemens Inc. 10,154.00 101.54 P-83-733 3rd quarter Siemens Inc. 5,955.00 119.10 P-83-734 4th quarter Siemens Inc. 9,310.00 93.10 P-83-735 4th quarter Siemens Inc. 11,228.00 224.56 P-83-736 4th quarter Siemens Inc. 13,307.00 133.07 P-83-737 4th quarter Siemens Inc. 3,416.00 68.32 P-83-738 4th quarter Smart Communications, Inc. 11,266.00 112.66 P-83-739 2nd quarter Smithkline Beecham Research, Lld. 5,558.18 P-83-740 3rd quarter Smithkline Beecham Research, Lld. 555,818.18 121.70 P-83-741 4th quarter Sonoma Services Inc. 6,085.00 186.94 P-83-742 3rd quarter Sony Philippines, Inc. 9,347.07 165.79 P-83-743 4th quarter Sony Philippines, Inc. 8,289.65 1,562.74 P-83-744 2nd quarter Sun Life of Canada (Philippines) Inc. 3,709.51 P-83-745 4th quarter Sun Life Of Canada (Philippines), Inc. 78,137.00 10,867.91 P-83-746 1st quarter Supply Oilfield Services, Inc. 185,475.50 475.55 P-83-747 4th quarter Supply Oilfield Services, Inc. 1,086,790.91 361.29 P-83-748 Year 2003 Symrise, Inc. 23,777.50 53.13 P-83-749 2nd quarter Syngenta Philippines, Inc. 18,409.54 P-83-750 3rd quarter Syngenta Philippines, Inc. 18,064.50 1,059.68 P-83-751 4th quarter Syngenta Philippines, Inc. 2,656.50 683.75 P-83-752 4th quarter Syngenta Philippines, Inc. 1,840,954.00 1,413.50 P-83-753 1st quarter The Andresons Group, Inc. 52,984.00 33.20 P-83-754 2nd quarter The Andresons Group, Inc. 34,187.50 108.64 P-83-755 4th quarter The Andresons Group, Inc. 70,675.00 384.77 P-83-756 1st quarter The Church Of Jesus Christ Of Latter-Day Saints 1,660.00 290.09 P-83-757 2nd quarter The Church Of Jesus Christ Of Latter-Day Saints 10,864.00 310.76 P-83-758 3rd quarter The Church Of Jesus Christ Of Latter-Day Saints 38,477.00 62.98 P-83-759 2nd quarter The First Nationwide Assurance Corporation 29,009.00 291.99 P-83-760 4th quarter The First Nationwide Assurance Corporation 14,781.38 264.81 P-83-761 4th quarter The Hongkong and Shanghai Banking Corporation Limited 3,148.76 816.16 P-83-762 3rd quarter The Mercantile Insurance Co. Inc. 13,062.50 8,951.95 P-83-763 4th quarter The Mercantile Insurance Co., Inc 18,762.55 1,841.68 P-83-764 4th quarter The Philippine American Life And General Insurance Company 77,855.25 6,044.97 P-83-765 3rd quarter The Philippine American Life And General Insurance Corporation 895,195.00 14,032.01 P-83-766 1st quarter The Purefoods-Hormel Company, Inc. 92,084.02 14,032.01 P-83-767 2nd quarter ThePhilippine American Life and Gen Ins. Cmpy 302,248.39 226.50 P-83-768 1st quarter Tupperware Philippines Inc. 1,403,200.91 5,154.55 P-83-769 1st quarter Tupperware Philippines Inc. 1,403,200.91 107.47 P-83-770 2nd quarter Tupperware Philippines, Inc. 11,325.00 20.99 P-83-771 2nd quarter Tupperware Philippines, Inc. 515,454.55 251.47 P-83-772 4th quarter Tupperware Philippines, Inc. 5,373.50 551.51 P-83-773 4th quarter Tupperware Philippines, Inc. 2,099.00 186.52 P-83-774 4th quarter Ucb Philippines, Inc. 12,573.50 215.16 P-83-775 3rd quarter Ucpb Leasing And Finance Corporation 55,151.00 208.79 P-83-776 4th quarter Unilab Nutritionals Inc. 9,326.00 12,695.45 P-83-777 4th quarter Union Cement Corporation 21,516.00 1,083.27 P-83-778 4th quarter United Coconut Planters Bank 10,439.50 5,569.26 P-83-779 Year 2003 United Coconut Planters Life Assurance Corp. 1,269,545.00 277.52 P-83-780 2nd quarter United Laboratories Inc. 54,163.50 1,126.02 P-83-781 2nd quarter United Laboratories Inc. 556,926.09 1,590.12 P-83-782 3rd quarter United Laboratories, Inc. 15,263.99 1,252.78 P-83-783 3rd quarter United Laboratories, Inc. 56,299.42 136.63 P-83-784 4th quarter United Laboratories, Inc. 79,506.00 338.08 P-83-785 4th quarter United Laboratories, Inc. 125,278.00 1,952.78 P-83-786 4th quarter United Laboratories, Inc. 6,831.50 394.50 P-83-787 4th quarter United Laboratories, Inc. 33,808.00 1,005.26 P-83-788 4th quarter United Overseas Bank Philippines 97,639.00 1,079.40 P-83-789 4th quarter Univet Agricultural Products, Inc. 39,450.00 4,481.82 P-83-790 4th quarter Univet Agricultural Products, Inc. 50,263.00 147.70 P-83-791 4th quarter Westmont Pharmaceuticals, Inc. 107,940.00 204.39 P-83-792 4th quarter Westmont Pharmaceuticals, Inc. 448,182.00 491.21 P-83-793 3rd quarter Wrigley Philippines, Inc. 7,385.00 497.89 P-83-794 4th quarter Wyeth Philippines, Inc. 20,439.00 7,518.18 P-83-795 4th quarter Wyeth Philippines, Inc. 24,560.50 40.68 P-83-796 4th quarter Zobel De Ayala Patricia Miranda 49,789.00 50,786.46 P-83-797 4th quarter Zobel De Ayala, Fernando, Miranda 751,818.00 96.31 2,034.00 5,078,646.00 19.13 4,815.42 956.25 12

CTA Case No. 8638 /\nncx /\ H~nda Ca~s Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld P-83-798 4th quarter Zuellig Pharma Corporation P-83-799 3rd quarter Zurich General Insruance Phils., Inc. 617,636.00 6,176.36 P-83-800 1st quarter Zurich General Insurance Corporation 26,993.17 539.86 P-83-801 2nd quarter Zurich General Insurance Corporation 19,693.11 393.86 P-83-802 3rd quarter Zurich General Insurance Corporation 52,121.49 P-83-803 4th quarter Zurich General Insurance Corporation 61,584.41 1,042.43 P-83-804 1st quarter Zurich General Insurance Phils Inc. 1,231.69 P-83-805 1st quarter Zurich General Insurance Phils Inc. 143,510.00 2,870.20 P-83-806 2nd quarter Zurich General Insurance Phils Inc. 386,592.49 7,731.85 P-83-807 3rd quarter Zurich General Insurance Phils Inc. P-83-808 4th quarter Zurich General Insurance Phils Inc. 16,381.47 327.63 37,859.51 757.19 40,787.78 815.75 103,438.48 2,068.77 303,404,209.15 3,501,112.01 b. Rental Income Globe Telecom Inc. (Formerly Gmcr, Inc.) 228,663.20 1 J ,433.16 2003* Globe Telecom Inc. (Formerly Gmcr, Inc.) 233,503.20 462,166.40 11,675.16 P-83-2695 4th quarter 23,108.32 P-83-2696 3rd quarter c. Income Received as Insurance Agent 2002* P-83-2703 2nd quarter Coif Auto Rental Corporation 97,474.70 9,747.47 28,186.40 2,818.64 P-83-2704 1st-4th quarter First Lepanto-Taisho Insurance Corporation 2,589.40 258.94 P-83-2705 1st quarter Maa General Assurance Phils., Inc. 24,871.70 2,487.17 158,380.70 15,838.07 P-83-2706 2nd quarter Maa General Assurance Phils., Inc. 229,206.11 22,920.61 P-83-2707 1st-4th quarter Paramount Life And General Insurance Corporation P-83-2708 3rd quarter People'S General Insurance Corporation 2003* P-83-2709 2nd quarter Allied Banking Corporation 8,226.36 8,226.36 903,109.29 90,310.93 P-83-2710 1st quarter Bpi/Ms Insurance Corporation 657,557.94 65,755.79 657,557.94 65,755.79 P-83-2711 1st-4th quarter BPI/MS Insurance Corporation 856,964.69 85,696.47 136,039.97 13,604.00 P-83-2712 1st-4th quarter BPI/MS Insurance Corporation 2,302,447.37 230,244.74 P-83-2713 2nd quarter Bpi/Ms Insurance Corporation 41,540.33 4,154.03 (930,886.05) (93,088.6 1) P-83-2714 3rd quarter BPI/MS Insurance Corporation 91,629.60 9,162.96 P-83-2715 3rd quarter Bpi/Ms Insurance Corporation 21,857.15 2,185.71 5,641,894.07 564,189.41 P-83-2716 4th quarter BPI/MS Insurance Corporation 94,472.92 9,472.92 12,274.90 1,227.49 P-83-2717 4th quarter Bpi/Ms Insurance Corporation 3,342.60 334.26 P-83-2718 4th quarter Coif Auto Rental Corporation 3,883.50 388.35 36,484.50 3,648.45 P-83-2719 1st-4th quarter First Lepanto-Taisho Insurance Corporation 43,886.44 4,388.64 64,342.51 6,434.25 P-83-2720 4th quarter Honda Cars Cebu Inc 119,689.85 11,968.99 201,399.46 20,139.95 P-83-2721 1st-4th quarter Mafre Asian Insurance Corporation 170,170.99 17,017.10 144,582.48 14,458.25 P-83-2722 4th quarter Malayan Insurance Co., Inc. 144,958.43 14,495.84 134,861.67 13,486.17 P-83-2723 2nd quarter Metro Rail Transit Corporation 38,113.64 3,811.36 159,912.68 15,991.27 P-83-2724 3rd quarter Metro Rail Transit Corporation 820,000.00 8,200.00 494,324.86 49,432.48 P-83-2725 4th quarter Paramount Life & General Insurance Corporation 126,367.11 12,636.71 149,323.30 14,932.33 P-83-2726 4th quarter Peoples General Insurance Corporation 426,808.70 42,680.87 523,661.90 52,366.19 P-83-2727 4th quarter Peoples General Insurance Corporation 181,936.00 18,193.60 92,324.40 9,232.44 P-83-2728 3rd quarter People'S General Insurance Corporation 322,589.60 32,258.96 179,349.40 17,934.94 P-83-2729 4th quarter People'S General Insurance Corporation 15,617,709.51 1,495,400.29 P-83-2730 4th quarter People'S General Insurance Corporation P-83-2731 4th quarter People'S General Insurance Corporation P-83-2732 4th quarter People'S General Insurance Corporation P-83-2733 4th quarter People'S General Insurance Corporation P-83-2734 4th quarter People'S General Insurance Corporation P-83-2735 4th quarter People'S General Insurance Corporation P-83-2736 3rd quarter Philam Plans, Inc. P-83-2737 4th quarter Standard Insurance Co., Inc. P-83-2738 4th quarter Standard Insurance Co., Inc. P-83-2739 4th quarter The Insular & HIH General Insurance Company Inc. P-83-2740 4th quarter The Insular & Hih General Insurance Company,Inc P-83-2741 1st-4th quarter Zenith Insurance Corporation P-83-2742 2nd-4th quarter Zenith Insurance Corporation P-83-2743 4th quarter Zenith Insurance Corporation P-83-2744 1st quarter Zenith Insurance Corporation P-83-2745 2nd quarter Zenith Insurance Corporation d. Miscellaneous - Income Payments made by Credit Card Companies to any Business Enity 2002* P-83-2850 4th quarter Security Diners International Corp 442,384.75 v2,215.55

CfA Case No. 8638 1\nncx 1\ Honda Cars Makati, lnc. vs. ClR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld Bpi Card Finance Corporation P-83-2851 4th quarter 576,648.00 2,883.24 American Express International 2003* American Express International American Express International, Inc P-83-2852 4lh quarter 158,264.51 788.03 Bankard, Inc I Rcbc - Jcb 436,751.03 2,174.67 P-83-2853 4lh quarter 453,813.33 2,259.62 Bpi Card Finance Corporation P-83-2854 4th quarter Bpi Card Finance Corporation 69,670.31 348.31 Bpi Card Finance Corporation 383,042.00 1,915.21 P-83-2855 4th quarter Bpi Card Finance Corporation 511,470.00 2,557.35 Bpi Card Finance Corporation 3,034,600.00 15,173.00 P-83-2856 1st quarter Bpi Card Finance Corporation 691,476.00 3,457.38 Bpi Card Finance Corporation 200,324.00 1,001.62 P-83-2857 2nd quarter Bpi Card Finance Corporation 2,405,170.00 12,025.85 Bpi Card Finance Corporation P-83-2858 3rd quarter Bpi Card Finance Corporation 50,830.00 254.15 Bpi Card Finance Corporation 2,153,002.00 10,765.01 P-83-2859 3rd quarter Bpi Card Finance Corporation 2,963.46 Bpi Card Finance Corporation 592,692.00 2,963.46 P-83-2860 3rd quarter Citibank 592,692.00 6,029.97 Citibank 1,143,440.00 P-83-2861 4th quarter Citibank 277.47 Citibank 55,494.00 405.36 P-83-2862 4th quarter Citibank 81,072.00 17,328.69 Citibank 3,465,790.57 14,243.13 P-83-2863 4th quarter Citibank 2,848,664.98 912.48 Citibank 182,509.82 283.94 P-83-2864 4th quarter Citibank 56,790.25 130.55 Citibank 26,113.74 1,046.41 P-83-2865 4th quarter Citibank 209,296.95 28,811.02 Citibank 5,762,272.10 1,858.82 P-83-2866 4th quarter Citibank 371,778.41 344.70 Equitable Card Network, Inc (Amexco) 68,947.17 333.98 P-83-2867 4lh quarter Equitable Card Network, Inc (Amexco) 66,799.25 20,839.04 Equitable Card Network, Inc. 4,167,859.44 247.12 P-83-2868 4th quarter Equitable Card Network, Inc. 49,428.19 12,985.06 Hongkong & Shanghai Banking Corp. 2,597,088.95 183.31 P-83-2869 3rd quarter Hongkong & Shanghai Banking Corp. Ltd. 36,662.90 Hongkong & Shanghai Banking Corp. Ltd. 17,374.50 86.87 P-83-2870 4th quarter Metrobank Card Corporation 89,048.40 445.24 Metrobank Card Corporation 52,303.44 261.51 P-83-2871 4th quarter Metrobank Card Corporation 4,988,138.00 24,940.69 Security Diners International Corp. 10,670,308.00 53,351.54 P-83-2872 4th quarter Security Diners International Corp. 9,560,590.00 47,802.95 Security Diners International Corp. 47,410.00 237.05 P-83-2873 4th quarter Security Diners International Corp. 14,148.00 17,798.00 70.74 P-83-2874 4th quarter 2,480,508.10 88.99 2,496,835.25 12,402.55 P-83-2875 4th quarter 520,973.26 12,488.36 357,246.38 2,609.20 P-83-2876 4th quarter 65,255,519.98 1,789.66 384,739,605.04 326,582.31 P-83-2877 4th quarter 5,346,202.93 P-83-2878 4th quarter P-83-2879 4th quarter P-83-2880 4th quarter P-83-2881 4th quarter P-83-2882 4th quarter P-83-2883 4th quarter P-83-2884 4th quarter P-83-2885 4th quarter P-83-2886 4th quarter P-83-2887 4th quarter P-83-2888 4th quarter P-83-2889 1sl quarter P-83-2890 1st-4lh quarter P-83-2891 Year 2003 P-83-2892 2nd quarter P-83-2893 4th quarter P-83-2894 4th quarter P-83-2895 4th quarter sub-total 2. CWT supported with CWTC but name of payee not ligible P-83-2753 2nd quarter BPI/MS Insurance Corporation 874,264.02 87,426.40 874,264.02 87,426.40 sub-total 3. Supported with CWTs but period of coverage not indicated P-83-2800 Standard Insurance 210,828.48 31,624.27 105,197.81 10,519.78 P-83-2801 2nd quarter Standard Insurance 57,631.39 5,763.14 296,452.03 29,645.20 P-83-2802 3rd quarter Standard Insurance 103,600.51 10,360.05 166,159.64 16,615.96 P-83-2803 4th quarter Standard Insurance Co. Inc. 112,499.61 11,249.96 112,444.91 P-83-2804 4th quarter Standard Insurance Co. Inc. 609,187.84 1 J ,244.49 145,661.21 P-83-2805 Standard Insurance Co. Inc. 162,572.99 60,918.78 206,894.47 14,566.12 P-83-2806 Standard Insurance Co. Inc. 172,818.62 16,257.30 38,513.36 20,689.44 P-83-2807 Standard Insurance Co. Inc. 117,745.33 17,281.86 3,851.33 P-83-2808 Standard Insurance Co. Inc. v11,774.53 P-83-2809 Standard Insurance Co. Inc. ltl P-83-2810 Standard Insurance Co. Inc. P-83-2811 1st quarter Standard Insurance Co., Inc. P-83-2812 1st quarter Standard Insurance Co., Inc. P-83-2813 1st quarter Standard Insurance Co., Inc. P-83-2814 1st quarter Standard Insurance Co., Inc.

CTA Case No. 8638 t\nnex t\ Honda Cars Makati, Inc. vs. CIR ' Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld P-83-2815 I st quarter Standard Insurance Co., Inc. 127,040.54 12,704.05 296,652.96 29,665.30 P-83-2816 2nd quarter Standard Insurance Co., Inc. 46,987.41 4,698.74 P-83-2817 2nd quarter Standard Insurance Co., Inc. 73,001.22 7,300.12 151,365.07 15,136.51 P-83-2818 2nd quarter Standard Insurance Co., Inc. 159,976.34 15,997.63 537,943.20 53,794.32 P-83-2819 3rd quarter Standard Insurance Co., Inc. ll7,037.80 17,555.67 148,213.97 14,821.40 P-83-2820 3rd quarter Standard Insurance Co., Inc. 93,808.07 9,380.81 94,343.48 14,151.52 P-83-2821 3rd quarter Standard Insurance Co., Inc. 529,054.41 52,905.44 24,469.31 2,446.93 P-83-2822 3rd quarter Standard Insurance Co., Inc. 277,382.56 27,738.26 537,943.20 53,794.32 P-83-2823 3rd quarter Standard Insurance Co., Inc. 194,188.35 19,418.83 30,661.76 3,066.18 P-83-2824 3rd quarter Standard Insurance Co., Inc. 422,750.00 42,275.00 817,273.00 8,172.73 P-83-2825 3rd quarter Standard Insurance Co., Inc. 7,298,300.85 677,385.97 392,912,169.91 6,111,015.30 P-83-2826 4th quarter Standard Insurance Co., Tnc. P-83-2831 Standard Insurance Co., Inc. P-83-2832 Standard Insurance Co., Inc. P-83-2833 Standard Insurance Co., Inc. P-83-2834 Standard Insurance Co., Inc. P-83-2835 Standard Insurance Co., Inc. P-83-2836 2nd quarter Standard Insurance Co., Inc. P-83-852 1st quarter Allied Banking Corporation - Head Office sub-total TOTAL DISALLOWANCES- CY 2004 2005 Disallowances 1. CWTs prior to 2004 actually received in 2005 a. Sales of Goods and Services 2001* P-79-1 4th quarter Home Development Mutual Fund (PAG-TBIG Fund) 756.00 15.12 883.50 17.67 P-79-2 4th quarter Home Development Mutual Fund (PAG-TBIG Fund) 687.00 13.74 656.00 13.12 P-79-3 4th quarter Home Development Mutual Fund (PAG-TBIG Fund) 687.50 13.75 379.00 7.58 P-79-4 4th quarter Home Development Mutual Fund (PAG-TBIG Fund) 55,983.00 1,119.66 P-79-5 4th quarter Home Development Mutual Fund (PAG-TBIG Fund) 5,577,475.00 55,774.75 P-79-6 4th quarter Home Development Mutual Fund (PAG-IBIG Fund) 267,720.00 5,277.13 86,135.00 1,722.70 2002* 36,350.93 727.02 P-79-7 4th quarter Malayan Insurance Co., Inc. 3,983,289.00 39,832.89 3,100,894.93 31,008.95 P-79-8 4th quarter Orix Metro Leasing and Finance Corporation 14,294.00 285.88 2003* 15,057.00 150.57 24,431.00 488.62 P-79-9 4th quarter Coca -Cola Bottlers Philippines Inc. 13,165,678.86 136,469.15 P-79-1 0 4th quarter Department of Energy P-79-11 3rd quarter Development Bank of the Philippines P-79-12 3rd quarter Honda Cars Cebu, Inc. P-79-13 4th quarter Honda Cars Cebu, Inc. P-79-14 I st quarter Malayan Insurance Co., Inc. P-79-15 I st quarter Malayan Insurance Co., Inc. P-79-16 2nd quarter Penn Philippines, Inc. b. Income as insurance agents MAA General Assurance Phils., Inc. 3,099.60 309.96 2002* Coif Auto Rental Corporation 3,187.40 318.74 P-79-2523 2nd quarter Coif Auto Rental Corporation 909.10 90.91 2003* Coif Auto Rental Corporation 692.80 69.28 Paramount Life & General Insurance Corporation P-79-2524 1st quarter 74,653.40 7,465.34 P-79-2525 2nd quarter 82,542.30 8,254.23 P-79-2526 3rd quarter 13,248,221.16 144,723.38 P-79-2527 2nd quarter sub-total 2. CWTs found by ICPA to be arising from 2005 but actually covers periods prior to 2004 and 2005 2002* P-79-1411 1st quarter Honda Parts Manufacturing Corporation 2,164,546.00 21,645.46 2003* 4,906,567.00 49,065.67 2,220,223.00 22,202.23 P-79-1908 4th quarter Pfiter, Inc. 5,641,894.07 564,189.41 P-79-2090 I st quarter Sanofi-Synthelabo Phils Inc. 609,000.00 5,536.36 5,896.00 117.93 P-79-2434 4th quarter Honda Cars Cebu, Inc. 108,331.00 1,083.31 P-79-1470 3rd quarter Insular Life Savings & Trust Company 36,997.00 739.94 13,597.81 271.96 P-79-1905 2nd quarter Pfiter, Inc. 567,000.00 v11,340.00 P-79-1906 2nd quarter Pfiter, Inc. 15 P-79-1907 4th quarter Pfiter, Inc. P-79-2259 3rd quarter Target Display Co., Inc. P-79-2262 2nd quarter The Coca - Cola Export Corporation

CfA Case No. 8638 1\nncx 1\ Honda Cars Makati, Inc. vs. CIR i Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007 Exhibit Amount of Income Amount of No. Period Covered Payor Payment Taxes Withheld P-79-2389 1st quarter Veolia Water Phils., Tnc. 8,161.00 163.22 39,408.16 788.17 P-79-631 2nd quarter Banco Filipino Savings and Mortgage Bank 16,321,621.04 677,143.66 29,569,842.20 821,867.04 sub-total TOTAL DISALLOWANCES- CY 2005 2007 Disallowances 1. CWTs duplicated from those already claimed P-71-3575 1st-4th quarter Mapfre Tnsular Tnsurance Corporation 2,183,904.56 327,587.27 222,759.42 33,413.91 P-71-3582 3rd quarter Mapfre Tnsular Tnsurance Corporation 241,098.61 36,164.79 P-71-3584 4th quarter Mapfre Tnsular Tnsurance Corporation 2,647,762.59 397,165.97 425,129,774.70 TOTAL DISALLOWANCES- CY 2007 v 7,330,048.31 TOTAL DISALLOWANCES PER THIS COURT'S VERIFICATION 16