COMELEC to file motion for reconsideration over P1B in deficiency withholding tax

COMELEC to file motion for reconsideration over P1B in deficiency withholding tax

COMELEC to file motion for reconsideration over P1B in deficiency withholding tax

The Commission on Elections (COMELEC) will probably be submitting a Motion for Reconsideration (MR) after the Court of Tax Appeals (CTA) dominated it to pay over P1-billion in deficiency withholding tax, together with curiosity, for 2015.

“Given the recent decision on the subject tax case, the COMELEC will be seasonably filing a Motion for Reconsideration (MR) with the Honorable Court of Tax Appeals (CTA) Division iterating our affirmative defenses and justifications to ensure sufficient emphasis and consideration thereof,” COMELEC spokesperson and Education, and Information Department Director IV Atty. John Rex C. Laudiangco mentioned in an announcement.

He added that below the CTA Rules of Procedure, submitting an MR is without doubt one of the treatments obtainable to the COMELEC, a Petition for Review, and one other MR after the preliminary MR filed with the Division.

“A Petition for Review on Certiorari may be filed with the Supreme Court, as may be appropriate and necessary, and should the situation further warrant,” he mentioned.

The Commission additionally underscored that its programs of motion are justified given the circumstances attendant to the case.

“Said justifications will all be reincorporated and emphasized in our Motions and Pleadings to be filed as we intend to avail all remedies under the CTA Rules of Procedure and the Rules of Court,” it mentioned.

“In addition to the abovementioned statements, Chairman George Erwin M. Garcia created an Administrative Fact-finding Investigation Panel today to determine the culpability, whether criminal, civil, and administrative, of COMELEC personnel and officials who were responsible,” COMELEC added.

On June 6, the CTA junked Comelec’s Petition for Review of the Bureau of Internal Revenue’s (BIR) December 2019 ruling affirming its March 2019 Final Decision on Disputed Assessment (FDDA).

The FDDA indicated that the BIR was liable to pay not less than P1 billion deficiency withholding tax on compensation (WTC), expanded withholding tax (EWT), and withholding tax on authorities cash funds, inclusive of curiosity for the taxable 12 months 2015. — BAP, GMA Integrated News

Source: www.gmanetwork.com