Sep 162013
ASIDE from the pork barrel scam issue, I think that by now, many taxpayers are aware that the Bureau of Internal Revenue (BIR) is working doubly hard to attain its collection goal. One of its strategies to achieve its target is to strictly enforce tax laws. This has resulted in the denial of request for rulings issued to some taxpayers, including the rulings on upstream merger (BIR Ruling No. 508-2012, Aug. 3, 2012), deductibility of royalties (BIR Ruling No. 014-2012, Jan. 4, 2012) and NOLCO (BIR Ruling No. 214-2012, March 28, 2012), among others.