PSE to contest BIR tax deficiency assessment

By Ed Paolo Salting

May 31, 2023 12:36 am

THE Philippine Stock Exchange (PSE) has been assessed P189.2 million in deficiency taxes by the Bureau of Internal Revenue (BIR), a finding the bourse said it planned to contest.

The tax bureau said the PSE would have to pay a total of P189,200,854.63, inclusive of compromise penalty and interests up to Sept. 30, 2023 involving alleged deficiencies in various taxes for 2017 including income tax, value-added tax and expanded withholding tax, among others.

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