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PLDT Vs. Commissioner of Internal Revenue

PHILIPPINE LONG DISTANCE TELEPHONE COMPANY, Petitioner, versus COMMISSIONER OF INTERNAL REVENUE, Respondent.

G.R. No. 157264 | 2008-01-31

D E C I S I O N


CARPIO MORALES, J.:

Petitioner, the Philippine Long Distance Telephone Company (PLDT), claiming that it terminated in 1995 the employment of several rank-and-file, supervisory, and executive employees due to redundancy; that in compliance with labor law requirements, it paid those separated employees separation pay and other benefits; and that as employer and withholding agent, it deducted from the separation pay withholding taxes in the total amount of P23,707,909.20 which it remitted to the Bureau of Internal Revenue (BIR), filed on November 20, 1997 with the BIR a claim for tax credit or refund of the P23,707,909.20,...