Philippines Court of Tax Appeals Issues Decision Clarifying Refunds of Unutilized, Excess Creditable Withholding Tax

The Philippine Court of Tax Appeals Nov. 6 issued a decision in CTA Case No. 10883, clarifying refunds of unutilized and excess creditable withholding tax (CWT). The taxpayer, a domestic corporation, sought a refund of its unutilized and excess CWT for taxable year (TY) 2019. The taxpayer argued that it was entitled to a refund and that it complied with all the applicable requirements for a successful refund claim. The Commissioner of Internal Revenue (CIR) disagreed, contending that the taxpayer wasn’t entitled to the refund because it didn’t provide the specified supporting documents. On appeal, the Court of Tax Appeals, ...