You must file your written protest within from the date of receipt of the FLD/FAN. If you miss this deadline, the assessment becomes final and you lose your right to appeal. 3. Requirements of a Valid Protest Letter
The alleged discrepancy is a result of a timing difference in revenue recognition. The TPI data reflects advances made by Client X, which were recorded as unearned revenue in accordance with Philippine Financial Reporting Standards (PFRS) and were subsequently recognized and declared as taxable income in the succeeding quarter when the services were fully rendered. Section 108 of the Tax Code states that VAT on services is due upon constructive receipt of the gross receipts. The taxpayer properly issued VAT official receipts upon actual collection. [Provide supporting schedule as Annex "B"]. sample protest letter tax assessment philippines
I. Introduction and Basis for Protest I, [Your Name], taxpayer with TIN [TIN], respectfully file this formal written protest under Section 228 of the National Internal Revenue Code and pertinent BIR rules against the Final Assessment Notice dated [date on assessment] issued by your Office (Assessment Notice No. [number]) for taxable period(s) [period(s)] in the amount of PHP [assessed amount]. I submit this protest within the statutory period for filing a protest and request reconsideration and cancellation of the assessment for the reasons set forth below. You must file your written protest within from