Clarifying the Conflicting Construction on the Irrevocability Rule of Tax Credits
Section 76 of the Tax Code provides two options for the taxpayer in the event it has excess income tax credits: (1) to carry them over in the taxable quarters of the succeeding taxable years; or (2) to apply for a refund or issuance of a tax credit certificate. The Section likewise provides that onc...
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Bibliographic Details
| Published in: | Philippine Law Journal
Vol. 93, no. 3 (May. 2020), 848-884 |
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| Resource Type: | Article
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| Language: | English |
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| Published: |
2020
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