PSE says to dispute BIR's 2017 P189-M tax deficiency findings | ABS-CBN
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!
PSE says to dispute BIR's 2017 P189-M tax deficiency findings
PSE says to dispute BIR's 2017 P189-M tax deficiency findings
ABS-CBN News
Published May 30, 2023 10:17 AM PHT
|
Updated May 30, 2023 12:00 PM PHT
MANILA — The Philippine Stock Exchange said on Tuesday it would challenge a Bureau of Internal Revenue finding that it has over P189 million in tax deficiency in 2017.
MANILA — The Philippine Stock Exchange said on Tuesday it would challenge a Bureau of Internal Revenue finding that it has over P189 million in tax deficiency in 2017.
In a disclosure, the PSE said the assessment involves alleged deficiencies in various taxes such as income tax, value-added tax, and expanded withholding tax, among others.
In a disclosure, the PSE said the assessment involves alleged deficiencies in various taxes such as income tax, value-added tax, and expanded withholding tax, among others.
"The Company will dispute said assessment and will take appropriate legal action for the cancellation of the assessment," the bourse said.
"The Company will dispute said assessment and will take appropriate legal action for the cancellation of the assessment," the bourse said.
The BIR said it will not be releasing further details on the issue for now.
The BIR said it will not be releasing further details on the issue for now.
ADVERTISEMENT
Finance Secretary Benjamin Diokno said in a separate briefing that the BIR "is just doing their job." The government is also putting pressure on tax collecting agencies for better revenues, he added.
Finance Secretary Benjamin Diokno said in a separate briefing that the BIR "is just doing their job." The government is also putting pressure on tax collecting agencies for better revenues, he added.
-- with reports from Job Manahan and Jessica Fenol, ABS-CBN News
RELATED VIDEO
Read More:
PSE
Philippine Stock Exchange
tax deficiency
tax findings
BIR collection
BIR
Bureau of Internal Revenue
tax
ADVERTISEMENT
ADVERTISEMENT
