This case has been cited 1 times or more.
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2015-01-13 |
LEONEN, J. |
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| At any rate, "[i]n case of doubt, a withholding agent may always protect himself or herself by withholding the tax due"[229] and return the amount of the tax withheld should it be finally determined that the income paid is not subject to withholding.[230] Hence, respondent Bureau of Treasury was justified in withholding the amount corresponding to the 20% final withholding tax from the proceeds of the PEACe Bonds, as it received this court's temporary restraining order only on October 19, 2011, or the day after this tax had been withheld. | |||||