The Philippine Court of Tax Appeals recently issued a decision on whether or not a tax assessment is null and void for its failure to state a clear and unequivocal demand for payment of the computed tax liabilities within a prescribed period. The case involves Lorenzo Shipping Corporation, which on 18 April 2013 received a formal assessment notice following an audit.
In coming to its decision, the Court of Tax Appeals referenced two separate decisions of the Supreme Court in relation to as…