"Taxwise or Otherwise" discusses the latest developments in tax and business law in the Philippines. It also dissects current issues affecting the business community, including policy development.
Writers are taken from a pool of business and tax consultants of Isla Lipana & Co., the Philippine member firm of PwC global network. Columns regularly appear in the BusinessWorld newspaper.
Recently, the Court of Tax Appeals (CTA) had no choice but to dismiss a couple of petitions filed by taxpayers requesting the invalidation of unfavorable rulings issued to them by the BIR. This was because one taxpayer failed to exhaust available administrative remedies and because, in both cases, the CTA has no jurisdiction over such matters.So, how should we go about protesting unfavorable tax rulings?