PSE says to dispute BIR's 2017 P189-M tax deficiency findings

ABS-CBN News

<p>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.</p><p>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.</p><p>"The Company will dispute said assessment and will take appropriate legal action for the cancellation of the assessment," the bourse said.</p><ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/video/business/05/29/23/pse-trading-floor-transitions-to-event-hall'>PSE trading floor transitions to event hall</a></li>	<li><a href='https://news.abs-cbn.com/video/business/12/21/22/pse-very-bullish-for-2023-monzon'>PSE 'very bullish' for 2023, says Monzon</a></li></ul><p>The BIR said it will not be releasing further details on the issue for now.</p><p>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.</p><p><strong>-- with reports from Job Manahan and Jessica Fenol, ABS-CBN News</strong></p><p><strong>RELATED VIDEO</strong></p><figure class='op-interactive'><iframe allow='autoplay; fullscreen' frameborder='0' height='100%' id='ivsplayer01' scrolling='no' src='https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&key=e8c22c015ca9eafa76f1e3edfa03c603&spid=3001339&vid=2631889' width='100%'></iframe></figure><div class='iwantbar'>Watch more News on <a href='https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news' target='_blank'>iWantTFC</a></div>

<p>The BIR said it will not be releasing further details on the issue for now.</p><p>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.</p><p><strong>-- with reports from Job Manahan and Jessica Fenol, ABS-CBN News</strong></p><p><strong>RELATED VIDEO</strong></p><figure class='op-interactive'><iframe allow='autoplay; fullscreen' frameborder='0' height='100%' id='ivsplayer01' scrolling='no' src='https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&key=e8c22c015ca9eafa76f1e3edfa03c603&spid=3001339&vid=2631889' width='100%'></iframe></figure><div class='iwantbar'>Watch more News on <a href='https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news' target='_blank'>iWantTFC</a></div>

<p>"The Company will dispute said assessment and will take appropriate legal action for the cancellation of the assessment," the bourse said.</p><ul class='op-related-articles'>	<li><a href='https://news.abs-cbn.com/video/business/05/29/23/pse-trading-floor-transitions-to-event-hall'>PSE trading floor transitions to event hall</a></li>	<li><a href='https://news.abs-cbn.com/video/business/12/21/22/pse-very-bullish-for-2023-monzon'>PSE 'very bullish' for 2023, says Monzon</a></li></ul>

<p>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.</p><p>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.</p>

The PSE said Tuesday it would challenge a Bureau of Internal Revenue finding that it has over P189 million in tax deficiency in 2017.

PSE says to dispute BIR's 2017 P189-M tax deficiency findings | ABS-CBN News

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PSE says to dispute BIR's 2017 P189-M tax deficiency findings

PSE says to dispute BIR's 2017 P189-M tax deficiency findings