Title
Stablewood Philippines, Inc. vs. Commissioner of Internal Revenue
Case
G.R. No. 206517
Decision Date
May 13, 2024
Stablewood sought a tax refund for excess withholding tax from 2005 but the court upheld the denial, affirming the irrevocability of their carry-over option used in subsequent tax periods.

Case Summary (G.R. No. 206517)

Applicable Law

The legal framework relevant to this case includes the National Internal Revenue Code (NIRC), particularly Sections 76, 204(C), and 229, which govern claims for tax refunds and the conditions under which a carry-over of tax credits can be made.

Background Facts

Stablewood is a corporation registered with the Securities and Exchange Commission (SEC) in the Philippines. From January 1998 to July 2007, it was registered under different names and with the Bureau of Internal Revenue (BIR) in multiple revenue districts. The dispute arose after Stablewood filed its Annual Income Tax Return (ITR) for tax year 2005, which indicated an overpayment of CWT. Having selected the option to obtain a tax credit certificate, Stablewood subsequently carried over this overpayment to its Quarterly Income Tax Returns for the first three quarters of 2006. After failing to receive action on an administrative claim for refund, Stablewood initiated a petition for review before the Court of Tax Appeals (CTA).

Key Issues and Arguments

The central issue revolves around whether Stablewood is entitled to a tax refund after it opted to carry over the CWT overpayment. The CIR contended that tax payments are assumed to be compliant with the law and must not be refunded unless the taxpayer proves erroneous payment. The CTA held that the election made by Stablewood to carry over the CWT amount was irrevocable, negating any claim for a refund. Stablewood argued that its initial choice for a tax credit certificate should allow for a refund as it had not utilized the CWT.

Rulings of the Tax Courts

The CTA Third Division ruled against Stablewood, emphasizing that once the option to carry over is exercised, it becomes irrevocable as per Section 76 of the NIRC. Stablewood’s Motion for Reconsideration, which cited its dissolution as a basis for the refund, was also denied due to the absence of newly discovered evidence.

The CTA En Banc affirmed the lower court's finding, iterating that the irrevocability of the carry-over option prohibits any subsequent request for refund, irrespective of the actual utilization of the excess CWT. It was noted that although the dissolution process was underway, it did not absolve Stablewood from the tax liabilities nor did it provide grounds for claiming the refund.

Court's Final Ruling

The Supreme Court upheld the findings of the CTA En Banc and Third Division, emp

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