On 18 May 2017, the Philippine Court of Tax Appeals (CTA), En Banc (full bench) issued a decision that clarifies the conditions that must be met for a creditable withholding tax (CWT) refund claim to be granted.
The case involved Honda Cars Makati, Inc., a registered taxpayer in the Philippines, which in filing its tax return for 2009 indicated its option to be issued a tax credit certificate (TCC) for its excess and unutilized CWT for the year. In 2011, Honda filed a formal request for th…