G.R. Nos. 249239 and 250286 - COMMISSIONER OF INTERNAL REVENUE VS. TELSTAR MANUFACTURING CORPORATION.[G.R. Nos. 249241-42] TELSTAR MANUFACTURING CORPORATION, VS. COMMISSIONER OF INTERNAL REVENUE.D E C I S I O N - Supreme Court E-Library

Ruling

WHEREFORE , the present Petition for Review is DENIED . [Telstar] is ORDERED to pay basic deficiency income tax, value-added tax and expanded withholding tax for the year 2009 in the aggregate amount of [PHP] 18,061,826.06, inclusive of the 25% surcharge imposed under Section 248(A)(3) of the NIRC of 1997, as amended, detailed as follows: Tax Type Basic Deficiency Surcharge Total Income tax [PHP] 2,891,062.57 [PHP] 722,765.64 [PHP] 3,613,828.21 Value-added tax 11,525,666.27 2,881,416.57 14,407,082.84 WT-Expanded 32,732.01 8,183.00 40,915.01 TOTAL [PHP] 14,449,460.85 [PHP] 3,612,365.21 [PHP] 18,061,826.06 In addition, [Telstar] is ORDERED to pay: (a) Deficiency interest at the rate of 20% per annum on the basic deficiency income tax, value-added tax and expanded withholding tax, computed from April 15, 2010, January 25, 2010 and January 15, 2010, respectively, until full payment thereof pursuant to Section 249(B) of the NIRC of 1997, as amended; and (b) Delinquency interest at the rate of 20% per annum on the total amount of [PHP] 18,061,826.06, representing the sum of the basic deficiency income tax, value-added tax and expanded withholding tax in the aggregate amount of [PHP] 14,449,460.85 and 25% surcharge of [PHP] 3,612,365.21, and on the deficiency interest which have accrued as aforestated in (a), computed from August 29, 2014 until full payment thereof pursuant to Section 249(C) of the NIRC of 1997, as amended. SO ORDERED.