Tax Updates August 2021 (SyCipLaw Tax Issues And Practical Solutions (T.I.P.S.) Vol. 12)

The SyCipLaw T.I.P.S. for August covers the following tax issues:

1. May the Bureau of Internal Revenue issue assessments against a taxpayer based on third-party information?
2. May a taxpayer avail of the provisional remedies of a Suspension Order and a Writ of Preliminary Injunction/Temporary Restraining Order at the same time in the same case?
3. May the CTA rule on the validity of a BIR issuance which was previously declared void by a Regional Trial Court?
4. For taxable years prior to the Corporate Recovery and Tax Incentives for Enterprises Act, is a company registered with the Philippine Economic Zone Authority (PEZA) exempt from improperly accumulated earnings tax even if it is under income tax holiday and not under the 5% special tax regime which is imposed in lieu of all other taxes?