The Court of Tax Appeals (CTA) has denied the motion to reconsider the acquittal of Nobel Laureate Maria A. Ressa and Rappler Holdings Corporation (RHC) of tax evasion charges. ManilaBulletin
In a resolution handed down last May 18, the CTA denied the motion filed by government lawyers on Feb. 2, 2023 to reconsider the judgement of acquittal handed down by the appellate tax court on Jan. 18, 2023.
It noted that the motion for reconsideration pointed out that Ressa and RHC “filed its annual ITR and quarterly VAT returns for taxable year 2015 indicating zero declarations of income and sales in spite of the income it derived from the purchase of shares of Rappler Inc.’s and their subsequent re-sale to NBM Rappler and Omidyar Network through the issuance of the Philippine Depository Receipts .”
“The Court, in the assailed Decision, exhaustively discussed and resolved these issues and ruled that RHC is not a dealer in securities and neither did it earn any trading income from the issuance of PDRs to foreign entities, namely, NBM Rappler and ON. This Court will no longer belabor the justifications and discussions made in disposing of said issues as these will merely repeat the disquisitions and rulings embodied in the assailed Decision,” it stressed.
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