RR No. 8-2012 dated February 29, 2012 Taxability of PAGCOR

* Quoted below is the Court En Banc Resolution dated May 31, 2011 denying with finality motions for partial reconsideration relative to the foregoing:

"G.R. No. 172087 (Philippine Amusement and Gaming Corporation [PAGCOR] vs. Bureau of Internal Revenue, et al.) - Acting on the separate counsel for Bureau of Internal Revenue and the Office of the Government Corporate Counsel for PAGCOR, the Court Resolved to DENY WITH FINALITY the said motion for partial reconsideration, as the basic issues raised therein have been passed upon by this Court and no substantial arguments were presented to warrant the reversal of the questioned Decision"

► This En Banc resolution, therefore, states that PAGCOR shall be taxable for Income Tax Purposes but exempt from the Value Added Tax.

RR No. 8-2012 dated February 29, 2012Taxability of PAGCOR