Supreme Court of the PhilippinesCourt DecisionFavorable to company
Supreme Court companion ruling on pawnshop tax classification
Date of event: 2006-05-03Case / Docket: G.R. No. 166786
Summary
Companion case to G.R. No. 150947, reaffirming that pawnshops are not subject to the 5% lending investor's tax. The Court applied the same reasoning regarding the limits of the Bureau of Internal Revenue's authority to issue regulations expanding the scope of taxable entities.
Source Documents
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