Tax

Tax

The Firm advises clients on both litigious and non-litigious tax issues. On litigious issues, the Firm represents several multinational companies, mostly before the Bureau of Internal Revenue and the Court of Tax Appeals on tax refund issues and deficiency assessments.

Our experiences include:

  • Representing a client before the Court of Tax Appeals involving its claim for refund of erroneously capital gains taxes worth USD 33 million in relation to a novel tax issue on mergers and the doctrine of further control;
  • Representing a client before the Court of Tax Appeals in a case involving a claim for refund in the amount of USD 30 million of erroneously paid capital gains taxes pursuant to a tax-free exchange of shares;
  • Representing a client involving an assessed deficiency value-added tax and excise tax, amounting to USD 52 million. The firm successfully defended its client when the Supreme Court ruled with finality favoring and absolving the taxpayer from any liability to pay the said amount. The case set a judicial doctrine on the effects of the tax amnesty pursuant to Republic Act 9399;
  • Handling a tax assessment case for a Fortune 500 cement manufacturing company involving a USD 40 million tax assessment before the Bureau of Internal Revenue. The assessment involved the imposition of deficiency income tax, VAT, withholding tax, excise tax and documentary stamp tax;
  • Handling a tax assessment for a Fortune 500 cement manufacturing company involving the availment of Income Tax Holiday incentives worth USD 20 million;
  • Representing an airline at the Court of Tax Appeals on a novel tax issue involving the carrier's claim for refund on excise taxes paid on imported fuel which is destined for use in domestic flight operations;
  • For an electric power producer, appearing before the Supreme Court in a case involving the interpretation of the Tax Code provisions on VAT zero-rating, one of the first cases to reach the High Court on the subject;
  • For an electricity generation company, handling an aggregate of USD 20 million in VATrefund claims arising from VAT zero-rated sales or zero-rated importation of capital goods;
  • For Project EMERGE of the USAID, through the Financial Executives of the Philippines, conducting a study on taxation of banks, insurance companies, pre-need companies, and other players in the financial sector to assess instances of tax arbitrage and to promote a tax-neutral financial environment for these industries; and
  • On non-litigious issues, advising clients on transfer pricing issues in the manufacturing industry transition to a computerized commercial and accounting system which allows for electronic filing of sales receipts with the BIR. The Firm provided advice and guidance to clients on the nuances of the Voluntary Assessment Program (VAP) and No Audit Program(NAP), a tax awareness program of the Philippine Government. We have a good track record in securing tax incentives and tax holidays for our clients, which range from investors to non-profit institutions. Likewise, it serves as legal adviser to the Bankers Association of the Philippines with regard to all industry matters including the implications to the banking industry of the amendments to the Philippine tax law, otherwise known as the Tax Reform for Acceleration and Inclusion (“TRAIN”).
 

"Zambrano & Gruba has a strong reputation across the board for tax matters. It recently advised Philippine Airlines on a petition relating to excise duties on imported petroleum. Angelo Patrick Advincula and Antero Jose Caganda are both very experienced." - Tax Director's Handbook

Zambrano & Gruba is very competent in handling tax issues. A client notes the firm's “ability to fully understand our case and provide the simplest but most effective way to defend out case." - Client Feedback, Asialaw Profiles

The clients regard the firm with high esteem, particularly its prestige in tax practice and other matters, “they are the best firm for tax cases. Also good in mergers and acquisitions and effective in dispute resolution” - Client Feedback, Asialaw Profiles

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632 889 6060

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