PSE says to dispute BIR's 2017 P189-M tax deficiency findings

ABS-CBN News

<p>MANILA — The Philippine Stock Exchange said on Tuesday it would challenge a Bureau of Internal Revenue finding that it has over P189 million in tax deficiency in 2017.</p><p>In a disclosure, the PSE said the assessment involves alleged deficiencies in various taxes such as income tax, value-added tax, and expanded withholding tax, among others.</p><p>&quot;The Company will dispute said assessment and will take appropriate legal action for the cancellation of the assessment,&quot; the bourse said.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/video/business/05/29/23/pse-trading-floor-transitions-to-event-hall">PSE trading floor transitions to event hall</a></li>	<li><a href="https://news.abs-cbn.com/video/business/12/21/22/pse-very-bullish-for-2023-monzon">PSE &#x27;very bullish&#x27; for 2023, says Monzon</a></li></ul><p>The BIR said it will not be releasing further details on the issue for now.</p><p>Finance Secretary Benjamin Diokno said in a separate briefing that the BIR &quot;is just doing their job.&quot; The government is also putting pressure on tax collecting agencies for better revenues, he added.</p><div><strong>-- with reports from Job Manahan and Jessica Fenol, ABS-CBN News</strong></div><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2631889" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

The PSE said Tuesday it would challenge a Bureau of Internal Revenue finding that it has over P189 million in tax deficiency in 2017.

PSE says to dispute BIR's 2017 P189-M tax deficiency findings | ABS-CBN

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PSE says to dispute BIR's 2017 P189-M tax deficiency findings

PSE says to dispute BIR's 2017 P189-M tax deficiency findings

ABS-CBN News

Published May 30, 2023 10:17 AM PHT

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Updated May 30, 2023 12:00 PM PHT

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PSE

Philippine Stock Exchange

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