Business, 16.07.2020 05:01, kayonapretty14p45995

Due to an uncertainty whether or not a new tax is applicable to printing companies, ABC Printers submitted a legal query to the Bureau of Internal Revenue on that issue. The BIR issued a ruling that printing companies are not covered by the new law. Relying on this ruling, ABC Printers did not pay said tax. Subsequently, however, the BIR reversed the ruling and issued a new one stating that the tax covers printing companies. Could the BIR now assess ABC Printers for back taxes corresponding to the years before the new ruling?

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Due to an uncertainty whether or not a new tax is applicable to printing companies, ABC Printers sub...