The Philippine Stock Exchange Inc. said Wednesday it had been assessed by the Bureau of Internal Revenue tax deficiencies that total P189.2 million.
The PSE, operator of the country’s stock market, said the tax deficiency was for calendar year 2017 and includes income tax, value-added tax, expanded withholding tax, among others.
BIR included in the taxes it is seeking to collect compromise penalty and interest up to the end of September this year.
“The company will dispute said assessment and will take appropriate legal action for the cancellation of the assessment,” the PSE said.
Tax disputes takes several years to resolve.
