Tax News: CTA Rejects BIR Appeal on Metro Rail Tax Assessment

THE Court of Tax Appeals (CTA) denied for lack of merit an appeal of the Bureau of Internal Revenue (BIR) seeking to overturn the cancellation of the P1.63-billion deficiency tax assessment against Metro Rail Transit Corp. (MRTC). Read more at BusinessWorld.

This means that the previous CTA decision, which canceled the tax liabilities of MRTC, remains in force despite filing of motion for reconsideration by the BIR.

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