The Bureau of Internal Revenue assessed the Philippine Stock Exchange with P189.2-million tax deficiency incurred in 2017.
The PSE said in a stock exchange filing Tuesday the assessed unpaid taxes stemmed from the alleged deficiencies in various taxes in the calendar year 2017 including income tax, value-added tax, expanded withholding tax, among others. It also includes compromise penalty and interests up to Sept. 30, 2023.
It said it would dispute the BIR findings and would take appropriate legal action for the cancellation of the assessment. No other details were provided.
Finance Secretary Benjamin Diokno said in a briefing the BIR “is just doing their job”.
Diokno said the government was putting pressure on the collecting agencies to achieve the programmed revenue collections. Jenniffer B. Austria