CIR vs. Seksui Jushi Phil Inc

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    Republic of the Philippines

    SUPREME COURT

    Manila

    FIRST DIVISION

    G.R. No. 149671 July 21, 2006

    COMMISSIONER OF INTERNAL REVENUE,petitioner,

    vs.

    SEISUI JUS!I P!ILIPPINES, INC.,respondent.

    D ! I S I O N

    PANGANI"AN, C.J.#

    "usiness enterprises re#istered $ith the Philippine %port &one 'uthorit( )P&'*

    +a( choose bet$een t$o fiscal incentive sche+es )-* to pa( a five percent

    preferential ta% rate on its #ross inco+e and thus be e%e+pt fro+ all other ta%es

    or )b* to en/o( an inco+e ta% holida(, in $hich case it is not e%e+pt fro+ applicablenational revenue ta%es includin# the value0added ta% )V'T*. The present

    respondent, $hich availed itself of the second ta% incentive sche+e, has proven

    that all its transactions $ere e%port sales. 1ence, the( should be V'T 2ero0rated.

    T$% C&'%

    "efore us is a Petition for Revie$-under Rule 34 of the Rules of !ourt, challen#in#

    the 'u#ust -5, 677- Decision6of the !ourt of 'ppeals )!'* in !'08R SP No. 5359:.

    The assailed Decision upheld the 'pril 65, 677- Decision ;of the !ourt of Ta%

    'ppeals )!T'* in !T' !ase No. 494-. The !' Decision disposed as follo$s

    !O>RS and accordin#l( DISMISSD for lac? of

    +erit. The Decision dated 'pril 65, 677- of the !ourt of Ta% 'ppeals in

    !T' !ase No. 494- is hereb( 'FFIRMD and >P1@D.

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    application for ta% creditGrefund under Section --6 )"* of the -::9

    National Internal Revenue !ode )Ta% !ode*, as a+ended, private respondent

    filed, $ithin the t$o )6*0(ear prescriptive period under Section 66: of said

    !ode, a petition for revie$ $ith the !ourt of Ta% 'ppeals on March 65,

    -:::.

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    and of input ta%es paid on services pursuant to Section 3.-7;0- of the sa+e

    re#ulations.