G.R. No. 169899 - Philacor Credit Corp. vs. Commissioner of Internal Revenue

Philacor Credit Corp. vs. Commissioner of Internal Revenue

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Title Supreme Court: Philacor Credit Corp. vs. Commissioner of Internal Revenue

Case: G.R. No. 169899

Decision Date: Feb 6, 2013

Philacor contested BIR's DST assessments on promissory notes' issuance and assignment. SC ruled Philacor not liable, as DST applies only to issuance/renewal, not assignment, under strict tax law interpretation.

liability

deficiency taxes

documentary stamp tax

Long 26 min

END