G.R. No. 205261 - Philippine Veterans Bank vs. Commissioner of Internal Revenue

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G.R. No. 205261: Philippine Veterans Bank vs. Commissioner of Internal Revenue

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Title Supreme Court: Philippine Veterans Bank vs. Commissioner of Internal Revenue

Case: G.R. No. 205261

Decision Date: Apr 26, 2021

Philippine Veterans Bank challenged tax assessments on Special Savings Accounts, arguing exemption from DST and deductibility of withholding taxes for GRT. Supreme Court ruled accounts subject to DST and withholding taxes non-deductible, affirming CTA's decision.

documentary stamp tax

deficiency gross receipts tax

final withholding taxes

Very Long 34 min

END