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CTA cancels BIR tax assessment on San Roque Power renewable energy revenues

The Court of Tax Appeals canceled the BIR's P212.48-million deficiency tax assessment against San Roque Power Corp., ruling that ancillary service revenues from renewable energy qualified for zero-percent VAT and payments to a Japanese contractor for offshore services were not subject to Philippine withholding taxes. The decision upholds renewable energy policies and prevents BIR enforcement of the disputed assessment.