cir vs. seksui jushi phil inc
TRANSCRIPT
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8/12/2019 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.