GorricetaLaw Establishes a Legal Precedent in Landmark BIR Ruling
GorricetaLaw secured a historic tax ruling in favor of Manila Water Company, Inc. In Bureau of Internal Revenue’s Ruling No. 1017-18 dated June 25, 2018, the BIR allowed Manila Water to adopt two different methods of computing depreciation expense for its capital expenditure-related service concession assets: one method for taxation and another method for financial accounting purposes.
