Honda Cars Makati, Inc. vs. Commissioner of Internal Revenue

DECISION

COTANGCO -MANALASTAS,~ :

STATEMENT OF THE CASE

This Petition for Review 1 filed by Honda Cars Makati, Inc. on April 12, 2013, seeks the refund or issuance of tax credit certificate (TCC) in the amount of P25,812,793.00, allegedly representing its excess and unutilized creditable withholding tax (CWT) for calendar year (CY) 2010.

STATEMENT OF FACTS

Petitioner Honda Cars Makati, Inc. is a corporation duly organized and existing under the laws of the Rcpu blic of the Philippines. 2 It is a registered taxpayer of the Bureau of Internal Revenue (BIR), with Taxpayer Identification Number (TIN) 000-220-239-000 .3 Petitioner is engaged in the sale, distribution , service, and repair of automobiles, and it was V t Docket, pp. 6- 12.

incorporated with the following primary purpose as stated in its Amended Articles of Incorporation4 , to wit: "To engage in the sale and distribution, service and repair of automobiles, motor cars, motor trucks, wagons, buggies, carriages and other mechanically propelled vehicles, and vehicle engines, parts, accessories, supplies, and other articles; to operate chain stores and general merchandising pertaining to motor vehicles, to build, maintain, lease or otherwise acquire, own, hold and operate warehouses, agencies, structures, services centers and showrooms which may be used in connection with the business of the Corporation; to buy, sell and generally deal in all kinds of merchandise, fixtures, and chattels relating to motor vehicles; to acquire and own patents, improvements and franchises, and to operate under such patents, improvements and franchises, any commercial dealings pertaining to the matters and things enumerated herein."s On the other hand, respondent 1s the duly appointed Commissioner of the Bureau of Internal Revenue vested with authority, among others, to act upon and approve claims for refund or tax credit of overpaid or erroneously paid internal revenue taxes. Respondent holds office at the 5th Floor, BIR National Office Building, Agham Road, Diliman, Quezon City. On April 15, 2011, petitioner manually filed its Annual Income Tax Return (ITR) for CY 20 10 with the BIR Large Taxpayers-Assistance Division II. 6 On the same date, petitioner filed with the BIR, through the Electronic Filing and Payment System (EFPS), an electronic copy of its Annual ITR for CY 20107 , with filing Reference No. 121100004683610.8 On February 18, 2013, petitioner filed with the BIR Large Taxpayers Excise Audit Division II a letter-request for refund of or issuance of TCC for its alleged excess and unutilized CWT for CY 2010 in the amount ofP25,812,793.00. 9 V

To date, respondent has neither approved nor denied petitioner's administrative claim for the refund of or issuance of TCC for excess and unutilized CWT for CY 201 0. 10 Thus, on April 12, 2013, petitioner filed the instant Petition for Review. 11 Within the extended time granted by the Court, 12 respondent filed her Answer 13 on June 8, 2013, interposing the following special and affirmative defenses: "'SPECIAL AND AFFIRMATIVE DEFENSES 4.

She

reiterates and re-pleads the preceding paragraphs of this 1\.nswer as part of her Special and 1\.ffirmative Defenses.

The instant claim for tax refund is tainted with procedural infirmity due to petitioner's failure to submit complete documents in support of its administrative claimfor refund.

5. Basic as a hornbook principle is that, taxes are the lifeblood of the nation through which the government agencies continue to operate and with which the State effects its functions for the welfare of its constituents. I lence, tax refunds are in the nature of tax exemptions and are to be interpreted in the strictest manner. Considering that tax refunds consist of monetary amounts which are currently in the hands of the government, the validity of petitioner's claim should be meticulously verified. With these, to claim for a refund, petitioner should adduce every single document that will prove its entitlement to its claim. It is imperative to prove therefore every minute aspect of its case.

6. Hence, in order to be entitled to the refund being sought, the taxpayer must satisfactorily comply with the following requisites:

1. The claim must be filed with the CIR within the two-year period from the date of payment of the tax; V 1o Par. 12, Admitted Facts, JSFI, docket, p. 178.

2. It must be shown on the return that the income received was declared as part of the gross income; and

3. The fact of withholding must be established by a copy of a statement duly issued by the payor to the payee showing the amount paid and the amount of the tax withheld.

7.

Ilowever, compliance with the afore-quoted requirements will not suffice if petitioner failed to comply with the prescribed checklist of requirements to be submitted involving claims for unutilized creditable withholding tax pursuant to Revenue Memorandum Order (RMO) No. 53-98 (Checklist of Documents to be Submitted by a Taxpayer upon Audit of his Tax Liabilities as well as of the Mandatory Reporting Requirements to be Prepared by a Revenue Officer, all of which comprise a Complete Tax Docket). To be sure, RMO No. 53-98 was issued to identify the documents required from a taxpayer during audit of the application for refund. In obedience to the provisions of RMO No. 53-98, xxx:

8. Further, Revenue Regulation 2-2006 (Mandatory

Attachments of the Summary Alphalist of Withholding

Agents of Income Payments Subjected to Tax Withheld at Source (SAWT) to Tax Returns With Claimed Tax Credits due to Creditable Tax Withheld At Source and of the Monthly Alphalist of Payees (MAP) Whose Income Received Have Been

Subjected to Withholding Tax to the Withholding Tax

Remittance Return Filed by the Withholding Agent/Payor of Income Payments) provides:

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9. Simply put, petitioner must prove compliance with RR 53-98 and 2-2006, to give support to the validity of its claim for unutilized creditable withholding tax for calendar year 2010. Verily, administrative issuances have the force and effect of law. They benefit from the same presumption of validity and constitutionality enjoyed by statutes. Failure of the petitioner to prove compliance with the above-mentioned requirements in the administrative level will likely render its Petition for Review vulnerable and shows the weakness of its claim.

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11. In the case at bar, although petitioner submitted supporting documents relevant to its claim for tax credit before this before this Honorable Court, it miserably failed to substantiate its administrative claim for refund filed with v respondent, it failed to submit the complete requirements under RMO No. 52-98. There is no record of petitioner ever submitting the complete documents required to substantiate its administrative claim for refund. This is a requirement established by law and jurisprudence.

12. In cases such as this, before judicial inquiry into the issue of whether taxpayers, in general, arc entitled to a refund/tax credit under substantive law may be considered, they have an initial burden to discharge. They must prove that they complied with all the administrative requirements continuing up to judicial review. In other words, before trial de novo proceeds and disposes of the issue of refund entitlement under substantive law, it must first be proved that there was procedural compliance in pursuing the administrative claim leading to the appellate proceedings.

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Petitioner

miserably failed to exhaust administrative remedies before elevating the case to the

Honorable Court

15. Well settled is the rule that, the party aggrieved by a decision of an administrative official should first apply for review of such decision by higher administrative authority before seeking judicial relief, otherwise his court suit may be dismissed for prematurity or lack of cause of action.

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17.

In the instant case, it may be gleaned that the administrative claim for the issuance of a tax credit certificate was filed with the l3ureau of Internal Revenue only on 18 February 2013 and the Petition for Review was filed with the Court of Tax Appeals on 12 April 2013. ~vidently, respondent was not given sufficient time and information to evaluate petitioner's administrative claim for refund, nor was she given sufficient facts to evaluate the administrative claim.

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21. A situation arises wherein taxpayers will file their administrative and judicial claims at a point when the two-year period is about to prescribe, as what had happened in the instant case. Respondent is thus, deprived of her function to act on the administrative claim for refund filed by taxpayers. Taxpayers can always find justification for judicially filing their claims for refund v before this I Ionorable Court because the two-year period is about to prescribe. With this scenario, this Honorable Court becomes an indirect avenue for processing administrative claim for refund, which function rightfully belongs to the Commissioner of Internal Revenue. lienee, before resort to the courts can be obtained, all administrative remedies available should first be exhausted.

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Claims

for refund are construed strictly against the taxpayer and in favor of the Government.

24. Time and again, it has been held that the right of taxation cannot easily be surrendered, statutes granting tax exemptions are considered as a derogation of the sovereign authority. Statutes that grant tax exemptions are construed strictissimi juris against the taxpayer and liberally in favor of the taxing authority. The general rule is that claimants of tax refunds bear the burden of proving the factual basis of their claims. /\gain, taxes are the lifeblood of the nation. Therefore, statutes that allow exemptions are construed strictly against the grantee and liberally in favor of the t "' governmen ..

The case was then set for a Pre-Trial Conference on August 15, 2013.14 On September 12,2013, upon motion ofpetitioner,15the Court commissioned Ms.

Milagros F.

Padcrnal as the

Independent Certified Public Accountant (ICPA) for the case. 16 Respondent filed her Pre-Trial Bricf1 7 on September 9, 2013 while petitioner's Pre-Trial Briefl8 was filed on October 2, 2013. Thereafter, the parties filed their ~Joint Stipulation of Facts and Issues19 on October 2, 2013. This was approved and adopted by the Court in the Pre-Trial Ordcr20 promulgated on October 7, 2013. V 14 Notice of Pre-Trial Conference, July 10, 2013, docket, p. 79. 15 Motion to Commission Independent Certified Public Accountant, docket, pp. 80-83. 16 Docket, p. 103.

n Docket, pp. 91J-97.

During trial, petitioner presented the following witnesscs: Mr. Francis Dennis C. Lardizabal, its Finance Manager, and Ms. Ma. Milagros F. Padernal, the Court-commissioned ICPA.

On October 10, 2013, pctitioner filed a Motion to Take Judicial Notice (Of Evidence Presented in CTA Case No. 8466)?!. This was denicd by the Court in the Resolution?? dated November 28, 2013.

Petitioner filed its Formal Offer of Evidence23 on March 24, 2014. In a Resolution”? dated Junc 10, 2014, the Court admitted petitioner’s Exhibits “P-1”, “P-2”, “P-3”, “P-4”, “P-5”, “P-6”, “P-6-1”, “P-7”, “P-8”, “P-9”, “P-10”, “P-10-1”, “P-11”, “P- 12”, “P-12-1”, “P-14”, “P-15”, “P-15-1”, “P-16”, “P-16-1”, “P- 17”, “P-18”, “P-19”, “P-31”, “P-32”, “P-32-1 to P-32-113”, “P- 32-115 to P-32-491”, “P-32-493 to P-32-751”, “P-32-753 to P- 32-4623”, “P-32-4625 to P-5206”, “P-33”, “P-33-1 to P-33-8”, “P-34”, “P-34-1”, “P-34-2”, “P-34-3”, “P-34-4”, “P-34-5”, “P-34- 6”, “P-35”, “P-35-1”, “P-35-2”, “P-35-3”, “P-35-4”, “P-35-5”, “P- 36”, “P-36-1”, “P-36-2”, “P-36-3”, “P-36-4”, “P-37”, “P-38”, “P- 38-1 to P-38-8050”, “P-38-8052 to P-38-8090”, “P-38-8092 to P-38-8316”, “P-38-8318 to P-38-8440”, “P-38-8442 to P-38- 8549”, “P-38-8551 to P-38-8609”, “P-38-8611 to P-38-8877”, “P-38-8879 to P-38-8933”, “P-38-8935”, “P-38-8937 to P-38- 9316”, “P-38-9318 to P-38-9547”, “P-38-9548 to P-38-10175”, “P-38-10177 to P-38-10398”, “P-38-10400 to P-38-10760”, “P- 38-10762 to P-38-12441”, “P-39”, “P-39-1 to P-39-2282”, “P- 39-2285 to P-39-3506”, “P-39-3508 to P-39-4340”, “P-39-4342 to P-39-5646”, “P-40”, “P-40-1”, “P-40-2”, “P-40-3”, “P-40-4”, “P-40-5”, “P-40-6”, “P-41”, “P-41-1 to P-41-890”, “P-41-892 to P-41-2053”, “P-41-2055 to P-41-5954”, “P-41-5957 to P-41- 9165”, “P-41-9167 to P-41-9189”, “P-41-9192 to P-41-12832”, “P-41-12834 to P-41-12868”, “P-41-12870 to P-41-16996”’, “P- 41-16998 to P-41-1'7288”, “P-42”, “P-42-1”, “P-43”, “P-43-1”, “P-44”, “P-44-1 to P-44-3”, “P-45”, “P-45-1”, “P-46”, “P-46-1”, “P-47”, “P-4'7-1 to P-47-4”, “P-48”, “P-48-1 to P-48-3978”, “P- 49”, “P-50”, “P-51”, “P-52”, “P-53”, “P-55”, “P-56”, “P-56-1 to P- 96-4740”, “P-57”, “P-57-1 to P-57-41”, “P-58”, “P-59”, “P-60”, “P-61”, “P-61-a”, “P-62”, “P-62-a”, “P-64”, “P-64-a”, “P-71”, “P- 71-1 to P-71-285”, “P-71-287 to P-’71-932”, “P-71-934 to P-71- 3852”, “P-72”, “P-72-1 to P-72-16”, “P-73”, “P-74”, “P-75”, “P- 79-1 to P-75-3474’, “P-76”, “P-76-1 to P-76-28”, “P-77”, “P-

78”, “P-79”, “P-79-1 to P-79-2117”, “P-79-2119 to P-79-2618’, “P-80”, “P-80-1 to P-80-13”, “P-81”, “P-82”, “P-83”, “P-83-1 to P-83-2983”, “P-84”, “P-84-1 to P-84-14’, and ‘“P-85”. The Court, however, denied the admission of Exhibits “P-19-1”, “P- 32-114”, “P-32-492”, “P-32-752”, “P-32-4624”, “P-37-1 to P- 37-24”, “P-38-8051”, “P-38-8091”, “P38-8317”, “P-38-8441”, “P-38-8550”, “P-38-8610”, “P-38-8878”, “P-38-8934’, “P-38- 8936”, “P-38-9317”, “P-38-9548”, “P-38-10176”, “P-38-10399”, “P-38-10761”, “P-39-2283 to P-39-2284”, “P-39-3507”, “P-39- 4341”, “P-39-5647”, “P-41-891”, “P-41-2054”, “P-41-5955 to P- 41-5956”, “P-41-9166”, “P-41-9190 to P-41-9191”, “P-41- 12833”, “P-41-12869”, “P-41-16997”, “P-71-286”, “P-71-933” and “P-’79-2118” for not being found in the record.

Petitioner filed an Omnibus Motion?> on June 30, 2014, which included a Motion for Reconsideration (Re: Resolution dated June 10, 2014). The Court in a Resolution?® dated October 22, 2014, admitted Exhibits “P-19-1”, “P-32-114”, “P- 32-492”, “P-32-752”, “P-32-4624”, “P-37-1 to P-37-24”, “P-38- 8051”, “P-38-8091”, “P38-8317”, “P-38-8441”, “P-38-8550”, “P-38-8610”, “P-38-8878”, “P-38-8934”, “P-38-8936”, “P-38- 9317”, “P-38-9548”, “P-38-10176”, “P-38-10399”, “P-38- 10761”, “P-39-2283 to P-39-2284”, “P-39-3507”, “P-39-4341”, “P-41-891”, “P-41-2054”, “P-41-5955 to P-41-5956”, “P-41- 9166”, “P-41-9190 to P-41-9191”, “P-41-12833”, ‘“P-41- 12869”, “P-41-16997”, “P-71-933”, and “P-79-2118”.

During the May 7, 2014 hearing, respondent’s counsel manifested that respondent has no evidence to present.27 Within the extended time grantcd by the Court 28, petitioner filed its Memorandum?? through registered mail on December 17, 2014 which was reccived by the Court on January 7, 2015. On the other hand, respondent’s Mcmorandum*° was filed on January 30, 2015, within the extended time granted by the Court3?!. Thereafter, in a Resolution’? dated February 3, 2015, the case was declared submitted for decision. V

STATEMENT OF ISSUES

The parties agreed that the main issue to be submitted for the Court's resolution is:

"Whether or not petitioner is entitled to its claim for refund of or issuance of TCC for excess and unutilizcd CWT for CY 2010 in the amount of Php25,812,793.00." 33 The parties likewise agreed that the above-stated Issue may be broken down into the following su b-issucs:

1. Whether or not petitioner's excess and unutilizcd

CWT

for

CY

2010 in P25,812,793.00 are duly documentary evidence;

the amount of substantiated by

2. Whether or not the income from which the CWTs being claimed for refund were withheld was reported as part of the revenues declared in petitioner's AnnuallTR;

3. Whether or not petitioner carried over its excess and unutilizcd

CWT for

CY

2010 to the succeeding taxable periods; and

4. Whether or not petitioner filed its administrative and judicial claims for refund of excess and unutilized CWT for CY 201 0 within the two-year prescriptive period provided under Sections 204(C) and 229, Tax Code. 34

RULING OF THE COURT

Petitioner anchors its refund claim on Sections 58(D) and 76 of the National Internal Revenue Code (NIRC) of 1997, as amended, which state: V

"SEC. 58. Returns and Payment of Taxes Withheld at Source. -

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(D) Income of Recipient. - Income upon which any creditable tax is required to be withheld at source under Section 57 shall be included in the return of its recipient but the excess of the amount of tax so withheld over the tax due on his return shall be refunded to him subject to the provisions of Section 204; xxx."

"SEC. 76. Final Adjustment Return. -

Every

corporation liable to tax under Section 27 shall file a final adjustment return covering the total taxable income for the preceding calendar or fiscal year. If the sum of the quarterly tax payments made during the said taxable year is not equal to the total tax due on the entire taxable income of that year, the corporation shall either:

(A)

Pay the balance of tax still due; or

(B)

Carry-over the excess credit; or

(C)

Be credited or refunded with the excess amount paid, as the case may be.

In case the corporation is entitled to a tax credit or refund of the excess estimated quarterly income taxes paid, the excess amount shown on its final adjustment return may be carried over and credited against the estimated quarterly income tax liabilities for the taxable quarters of the succeeding taxable years. Once the option to carry-over and apply the excess quarterly income tax against income tax due for the taxable quarters of the succeeding taxable years has been made, such option shall be considered irrevocable for that taxable period and no application for cash refund or issuance of tax credit certificate shall be allowed therefor."

Based on the foregoing provisions, a corporation entitled to a tax credit or refund of the excess income taxes paid in a r given taxable year has two options: ( 1) to carry over the excess credit or (2) to apply for the issuance of a tax credit certificate or to claim a cash refund. In case the option to carry over the excess credit is exercised, the same shall be irrevocable for that taxable period and no application for cash refund or issuance of tax credit certificate shall be allowed therefor. 35 The phrase "for that taxable period" merely identifies the excess income tax subject of the option, by referring to the taxable period when it was acquired by the taxpaycr.36 The corporation must signify in its annual corporate adjustment return (by marking the option box provided in the BIR form) its intention, whether to carry over the excess credit or to claim a refund. The two options are alternative and not cumulative in nature, that is, the choice of one precludes the other.37 In its Annual ITR38 for CY 2010, petitioner had total tax credits of P56,233,00 1.00, which consisted of the prior year's excess credits in the amount of P30,420,208.00 and creditable taxes withheld during the year 2010 in the amount of P25,812,793.00 (P4,487,980.00 plus P21,324,813.00). Petitioner claims that its income tax due for CY 2010 in the amount of P2,453,330. 70 was paid using a portion of its prior year's excess credits of P30,420,208.00. This leaves the prior year's excess credits in the amount of P27,966,877.30 and creditable taxes withheld during the year 2010 in the amount of P25,812,793.00 totaling P53,779,670.30 unutilized as of December 31,2010, as shown below: ---- --~---- -----····-------~-~--------------- ------------ - --- ~--,-------- --~~ ~~~- ---- ~----- ·~~- Prior Year's Excess Credits other than MCIT p 30,420,208.00

Less: Income Tax Due

-····------- --- ···-----------~-------···--- -----------~ ---- ~~~---~---~~ -~~ ---~-- -----~~-~§3,330_. 7Q_

Balance of Prior Year's Excess Credits

p 27,966,877.30 -~---------------- ·--------------- --------------------- - --- -- - - -- ·- -----·- ~ ----~- --~--~-~--

Add: Creditable Taxes Withheld -CY 2010

25,812,793.00 Excess Creditable Taxes Withheld as of December 31, P53, 779,670.30 2010 35 Systra Philippines, Inc. us. Commissioner of Internal Revenue, G.R. No. 176290, September 21, 2007.

36 Commissioner of Internal Revenue us. Bank of the Philippine Islands, G.R. No. 178490, July 7, 2009.

37 Republic of the Philippines, represented by the Commissioner of Internal Revenue us. Team (Phils.) Energy Corporation (formerly Mirant (Phils.) Energy Corporation}, G.R. No. 188016, ,January 14, 2015.

Based on its 2009 Annual ITR%9, petitioner opted to be issucd a TCC for its P22,063,883.43 creditable income taxcs withheld during CY 2009; thus, the prior year’s excess credits of P30,420,208.00 reflected in its 2010 Annual ITR pertain to its excess tax credits as of December 31, 2008.

To substantiate its prior year’s excess credits of P30,420,208.00, pctitioncr submittcd its Annual ITRs and the related Certificates of Creditable Taxcs Withheld at Source (BIR Form No. 2307) for CYs 200449, 20054!, 200642, 200748 and 200844. However, only P20,689,694.27 of the prior year’s excess tax credits was duly substantiated, as shown below:

ee CWT __—_—id|.—=—CsisCéiLe ss: Disallowances © | Per this

Court’s

Prior year's Per ICPA’s further Net Allowable Less: Income Year excess Current year report* verification* CWT Tax Due Excess CWT 2004 - - | P17,925,116.00 |_P'767,826.87 | P6,111,015.30 | P11,046,273.83 eootasael 1,956,027.49 | 2006 9,882,113.92 15,122,051.59 93,857.72 - 20,910,307.'79 6,964 ,964.57 14,345,343.22 3 8699.72 | ___ 397,165.97 34,898,249.64 | 25,499,714.94 | 9,398,534.70 | | 2007 | 14,345,343.22 | 24,108,906.11 | 3, 2008 | _9,398,534./0 | _20,983,393.00 |__8,'/'/0.43 - | 30,323,157.27 | _9,633,463.00 | 20,689,694.27 Applying the P20,689,694.27 prior ycar’s cxccess credits against the P10,184,335.3047 income tax due for CY 2009 leaves the amount of P10,505,358.97 cxccess credits to be carricd over to CY 2010. Evidently, the substantiated prior year’s excess tax credits of P10,505,358.97 are sufficient to cover petitioncr’s tax liability for CY 2010 in the amount of P2,453,330.70.

Since petitioner marked the option “To be issued a Tax Credit Certificate”"8 in its Annual ITR for CY 2010 and that the “Prior Year’s Excess Credits” reflected in its Quarterly ITRs*9 |) 39 Exhibit “P-19”, below line 33, docket, p. 436.

40 Exhibits “P-12”; “P-83-1” to “P-83-2983” as summarized in “P-83” and “P-84-1” to “P- 841-14” as summarized in “P-81”.

41 Exhibits “P-14”; “P-79-1” to “P-79-2618” as summarized in “P-79” and “P-80-1” to “P- 80 13” as summarized in “P 80”.

#2 Exhibits “P15”; “P75 1” to “P75 3474” as summarized in “P 75” and “P 76-1” to “P 76 28” as summarized in “P 76”.

43 Exhibits “P 16”; “P 71.1” to “P-71 285”, “P71 287” to “P.71 3852” as summarized in “P 71” and “P-72-1” to “P -72 16” as summarized in “P-72”.

44 Exhibits “P-17” and “P-18”; “P-56-1” to “P-56-4710” as summarized in “P-56” and “P- 57-1” to “P-57-41” as summarized in “P-57”.

45 Exhibits “P-84” and “P-85” (CY 2004), “P-80” and “P-81” (CY 2005), “P-76” and “P-77” (CY 2006), P-72” and “P-73” (CY 2007), “P-57” and “P-58” (CY 2008).

4 Annex A of this Decision.

and Annual ITR50 for CY 20 11 pertain only to its excess tax credits as of December 31, 2008, the unutilized CWT for CY 2010 in the amount of P25,812,793.00 may be the proper subject of a claim for TCC pursuant to Section 76 of the NIRC of 1997, as amended.

In addition to the requirements provided under Section 76 of the NIRC of 1997, as amended, jurisprudence and pertinent BIR Revenue Regulations provide that the following requisites must be further complied with in order that the subject claim may be granted:

1. The claim for refund must be filed within the two- year prescriptive period as provided under Sections 204(C) and 229 of the NIRC of 1997, as amended;

2. The fact of withholding must be established by a copy of a statement duly issued by the payor (withholding agent) to the payee, showing the amount paid and the amount of tax withheld therefrom; and

3. The income upon which the taxes were withheld must be included in the return of the recipient. 51 Respondent argues that petitioner failed to submit the pertinent documents required under Revenue Memorandum Order (RMO) No. 53-98 and Revenue Regulations (RR) No. 2- 2006 to give support to the validity of its claim for unutilizcd creditable withholding tax for calendar year 201 0 and that petitioner failed to prove that it exhausted all administrative remedies before elevating the case to this Court. The Court disagrees with respondent. V 50 Exhibit "P-10", line 33A, docket, p. IJ05. 51 Citibank N.JL vs. Court of Appeals, et al., G.R No. 107434, October 10, 1997; ACCRA Investments Corporation vs. The Honorable Court of Appeals, et al., G.R. No. 96322, December 20, 1991; United International Pictures AH vs. Commissioner of Internal Revenue, G.R. No. 168331, October 11, 2012; Republic of the Philippines, represented by the Commissioner of Internal Revenue vs. Team (Phils.) Energy Corporation (formerly Mirant (Phils.) Energy Corporation), G.R. No. 188016, January 11, 2015; Section 2.58, Revenue Regulations No. 2 98, as amended.

In the consolidated case of CBK Power Company Limited vs. Commissioner of Internal Revenue52, involving the refund of excess final withholding taxes, the Supreme Court held that since the administrative and judicial claims for refund were filed within the two-year prescriptive period, there was exhaustion of administrative remedies. Moreover, petitioner need not comply with all the documents prescribed in RMO No. 53-98 and RR No. 2-2006 before it can claim its unutilizcd creditable withholding tax. It only needs to comply with the three conditions enumerated abovc. 53 The Court now proceeds to determine petitioner's compliance with the three requisites for the grant of its subject claim.

Anent the first requisite, the pertinent provisions arc Sections 204(C) and 229 of the NIRC of 1997, as amended, which read:

"SEC. 204. Authority of the Commissioner to Compromise, Abate and Refund or Credit Taxes. - The Commissioner may -

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(C) Credit or refund taxes erroneously or illegally received or penalties imposed without authority, refund the value of internal revenue stamps when they arc returned in good condition by the purchaser, and, in his discretion, redeem or change unused stamps that have been rendered unfit for usc and refund their value upon proof of destruction. No credit or refund of taxes or penalties shall be allowed unless the taxpayer files in writing with the Commissioner a claim for credit or refund within two (2) years after the payment of the tax or penalty: Provided, however, V 52 G.R. Nos. 193383 84 and G.R. Nos. 193407 08, January 14, 2015. 53 Jardine Lloyd Thompson Insurance Brokers, Inc. us. Commissioner of Internal Revenue, CTA Case No. 8471, April 14, 2015.

That a return filed showing an overpayment shall be considered as a wriUen claim for credit or refund." "SEC. 229. Recovery of Tax Erroneously or illegally Collected. - No suit or proceeding shall be maintained in any court for the recovery of any national internal revenue tax hereafter alleged to have been erroneously or illegally assessed or collected, or of any penalty claimed to have been collected without authority, or of any sum alleged to have been excessively or in any manner wrongfully collected, until a claim for refund or credit has been duly filed with the Commissioner; but such suit or proceeding may be maintained, whether or not such tax, penalty, or sum has been paid under protest or duress.

In any case, no such suit or proceeding shall be filed after the expiration of two (2) years from the date of payment of the tax or penalty regardless of any supervening cause that may arise after payment: Provided, however, That the Commissioner may, even without claim therefor, refund or credit any tax, where on the face of the return upon which payment was made, such payment appears clearly to have been erroneously paid." (Emphases supplied) It is well-settled in our jurisprudence that the reckoning of the two-year prescriptive period for the filing of a claim for refund/tax credit of excess income tax paid/withheld, both in the administrative and judicial levels, commences from the date of filing of the Final Adjustment Return. 51 It is only when the Final Adjustment Return covering the whole year is filed that the taxpayer would know whether a tax is still due or a refund can be claimed based on the adjusted and audited figurcs. 55 V 54 ACCRA Investments Corporation vs. The Honorable Court of Appeals, et al., G.R No. 96322, December 20, 1991; Commissioner of Internal Revenue vs. TMX Sales, Inc. and the Court of Tax Appeals, G.R. No. 83736, January 15, 1992; Commissioner of Internal Revenue vs. The Philippine American Life Insurance Co., et al., G.R. No. 105208, May 29, 1995.

Based from the foregoing, petitioner has two years from the filing of its Annual ITR within which to file both its administrative and judicial claims for refund. In the instant case, petitioner filed its CY 2010 Annual ITR on April 15, 201156 .

Counting from this date, petitioner had until April 15, 2013 within which to file its administrative claim as well as its judicial claim for the issuance of TCC. Thus, petitioner's administrative claim for refund filed on February 18, 201357 and the subsequent appeal via a Petition for Review filed before this Court on April 12, 2013 arc well within the two-year prescriptive period provided by law. Clearly, the first requisite has been satisfied. With regard to the second and third requisites, Section 2.58.3(8) of Revenue Regulations No. 2-98, as amended, provides:

"SECTION 2.58.3. Claim for Tax Credit or

Refund-

XXX

XXX

XXX

(B) Claims for tax credit or refund of any creditable income tax which was deducted and withheld on income payments shall be given due course only when it is shown that the income payment has been declared as part of the gross income and the fact of withholding is established by a copy of the withholding tax statement duly issued by the payor to the payee showing the amount paid and the amount of tax withheld therefrom." (Emphasis supplied) Anent the second requisite, petitioner presented a Schedule of Creditable Taxes Withheld for CY 2010 58 and various Certificates of Creditable Tax Withheld at Source (BIR Form No. 2307) 59 to prove the fact of withholding of the subject claim in the amount of P25,812,793.00. The Court-V

commissioned ICPA examined the said documents and presented in the Final and Consolidated Report. dated January 16, 2014 the result of the verification, as follows: 60

Exhibit

No.

Summary of Certificate of Creditable Taxes

Withheld at Source

Supported by original certificate of creditable tax withheld at source (I31R Form No. 2307) in the

Amount

P-32

Petitioner's name P 25,630,431.52 -"""""_" ___ " "' ---"--~-""'-"" _____ ""------------·--·------"--"---------"- -- Erroneous issuance of BIR Form No. 2307 by 110,692.50 the payor Double recording of HII< Form No. 2307 by the 71,669.03 ~ "" ---- __ p_C!_y_Q_r ------- ----- - ------- -------· -· ---- -----"--- 182,361.53 -~---"·--f--"- .. _" _____ "_ "---. ---- ... -·----"----·"----- "" "------"'""'"---::---:--:----:-::c·-=-::-::--=-=---1

P-31

P25,812,793.05* -~--~~-"'''''""~--~-~"-- -~-"~- ""~-~~~-~-"-" ···-=-~---=~---~~"-~~ -~~---~~~----~-' *With a discrepancy of PO. OS (P25,812, 793.00 less P25,812, 793.05) due to rounding off According to the ICPA, the erroneous issuance of CWT Certificate amounting to P110,692.50 refers to the CWT Certificate issued by Isuzu Automotive Dealership, Inc.-

Alabang

(IADI-Alabang)

to petitioner pertaining to management fees. Based on the !CPA's verification, the total management. fees received by petitioner from IADI-Alabang amounted to P2,447,515.07, with an equivalent. income tax withheld of P367, 127.2661, which has been fully accounted and supported by petitioner. However, petitioner alleges that IADI-Alabang failed to retrieve the initial CWT Certificate of Pll 0,692.50 when it. issued the revised CWT Certificate to petitioner.

On the other hand, the CWT Certificates in the total amount. of P71 ,669.03 were included twice in the Schedule of CWT Certificates prepared by petitioner. Hence, the erroneous Issuance and double recording of CWT Certificates in the total amount of P182,361.53 shall be disallowed from petitioner's claim.

In addition, out. of the P25,630,431.52 found by the ICPA to be duly supported by original BIR Form No. 2307, the amount. of P331,643.16, broken down below, should, likewise, be disallowed:

Exhibit

Income

Pa or's Name No.

Pa ments

Taxes

Withheld

CWTs supported by original BIR Forms No. 2307 wherein the payee's name or the CWT amount was altered without countersignature ----"""-'"·------------- ------------------------------- ____ "_" _____ , Gl~~_srnithkl_~I?-e Philippi!1es Ir~~-~-- _

P-32-1256

P

1, 174,084.~0

P

23,4~.!_.69

Subtotal

P 1,174,084.50 P 23,481.69 v

| cwTs supported by original BIR Forms No. 2307 issued in petitioner's name but without the authorized signature of the _issuer/payor | BPI Leasing Corporation P-32-586 | P _375,000.00| P__ 3,750.00. BPI Leasing Corporation P32 589 650,000.00 6,500.00 Federal Phoenix Assurance Co Inc P-32-1118 67,774.00 1,355.48

[Honda Cars Cavite Inc (Southern Kar Krafters

Inc}

| Orix Rental Corporation _ a

| The Philippine American Life and General

P32 1415

_P-32-2301 |

1,279, 107.14 __1,166,961.29 12,791.07 11,669.64 | P-32-4517 | 818,750.00 8,187.50 SB Cards Corporation _ _P 32 4960 | _ 401,834.00 | 2,009.17 SB Cards Corporation P32 4965 234,312.00 1,171.56 SB Cards Corporation P 32-4969 TC 243,412.00 1,217.06 SB Cards Corporation —__| | ~P-+32-19'76 _ 217,730.00 1,088.65 | SB Cards Corporation _ | P-32-4977 | _ 202,834.00 | __ 1,014.17 P32 5112 159,497. 83 | 23,925. 08 |

Mapfre Insular Insurance Corporation _

C Subtotal P_5,817,215.26 | P_ 74,679.38 CWTs supported by original BIR Forms No. 2307 issued in petitioner's | name but dated outside the period of claim — BPI/MS Insurance Corporation — P-32-5002 | P 108, 488. 33 | | P 16,273.25 BPI/MS Insurance Corporation P32. 5003 82,981.96 12,447.29 BPI/MS Insurance Corporation P32 5015 | 116,025.94 17,403.89 | Mapfre Asian Insurance Corporation —_ | P-32-5000 | - 232,501.81 31,876.06 _ Subtotal P 540,001.04 | P 81,000.49 CWT supported by original BIR Form No. 2307 issued not in petitioner's registered trade names

_GMA Network Inc __

Subtotal

Total

-P_ 15,248, 160.00 P15,248,160.00 P22,779,460.80 | P 152,481.60 P152,481.60

_P-32-1285 |

Thus, pctitioncr was able to satisfy the second requisite but only to the extent of P25,298,788.31, computed as follows:

P25 812 ,793. 00 Amount of claimed CWT __

Less: Disallowances

Per ICPA’s report Per this Court’s further verification Claimed CWT with proper BIR Forms No. 2307 182,361.53 331,643.16 __P25,298,788.31 | As to the third requisite, petitioner must prove that the income payments from which the substantiated CWTs of P25,298,788.31 were withheld were included in the reported amount of income in its Annual ITR.

As corroborated by the ICPA, the CWT of P25,630,431.52 corresponds to the total income payments of P2,037,936,516.93, which comprised of sales of goods and scrviccs to corporate customers, insurance companics and “pass through” transactions paid through credit cards in the total amount of P1,998,036,318.37 and of other income, such as rental, management fees, refund from Meralco and income la as insurance agent in the total amount of P39,900,198.56. Out of the P2,037,936,516.93 income payments, only the amount of P1,717,520,032.29, with equivalent CWT of P21,414,227.13, was traced to the general ledgers (GL) and/or invoices, journal vouchers (JV), official reccipts (OR), commission statements (CS) and check vouchers (CV) of petitioner for CYs 2009 and 2010, as summarized hercundcr:®

Particulars

Income Payments

Tax Withheld

Exhibit

No.

Sale of goods and services:

{

CY 2009

cY 2010

Total

Income Payments traced to GL and/or Invoices/JV/OR/CS/CV me Equivalent

Tax Withheld

Corporate

customers _ P 1,428,674,637.81 P 14,888,839.65_ (Exh. “PJ “p_38” 62”,

Parts

4-5 of P__1,332,521,027.33_|

Insurance

companies "Pass

Through"

Transaction

s paid through credit cards 192,375,634.81 376,986,045.75 2,968,753.30 1,884,919.21 _[P_6,796,428.55 te 1,325,724,598.78 | 173,911,552.62 184 402,876.43 173,911,552.62 184,402 ,876.43 P_13,857,959.41 | 2,698,884.56 922,009.40 | subtotal | P 1,998,036,318.37 |P 19,742,512.16 |p 6,796,428.55 |P 1,684,039,027.83 | P 1,690,835,456.38 |[P_17,478,853.37 Other income:

“p.45" | (Exh.

“P-62”,

Rental Part

“P-45”

(Exh.

*P-62”, Mngt. Part _-feea_|____5.979,119.93 |___896,783.99 | 9af 14)| _5,977,447.93 | ____5,977,447.93 | ____ 896,617.49 _

“P-45”

Refund with (Exh. “P- active 62”, Part| _ contract _ 89,313.36 | 22,328.28 | 9 of 14) oe fe _ 89,313.36 . 89,313.36 | 22,328.28 “p48” Income as (Exh. “P- insurance 62”, Part agent | ____32,883,842.75 | __ 4,906,410.61 |10 of 14) : 19,969,885.10 |____19,969,885.10 | __2,984,031.51_ Others 300,000.00 30,000.00 - : : :

Subtotal] P 39,900,198.56 [P 5,887,919.36 199,325.89 26 ,485,250.02 26,684,575.91 |P 3,935,373.76 otal P2,037,936,516.93 | P25,630,431.52 P6,995,754.44 | P1,710,524,277.85 P1,717,520,032.29 | P21,414,227.13 However, the CWT of P21,414,227.13 related to the verified income payments of P1,717,520,032.29 included the amount of P24,728.57 which was already disallowed for not being properly supported by BIR Form No.

2307.

Conscquently, the amount of P24,728.57 should be deducted from the total CWT of P21,414,227.13 to arrive at petitioner’s unutilized excess CWT for CY 2010 P21,389,498.56, computed as follows: /V 62 Exhibit “P-62”, Part 1 of 14, p. 18 of 28.

in the amount of r:quivalent CWT of income payments traced to various documents ~----------------~-------·----- -------··---------~------------~----- Less: CWT already disallowed for not being properly supported by HIR Form No. 2307 Exhs. "P-32-586"; "P-38", p. 24 (Exh. "P 62", p 21,414,227.13 -- ---------r--------------

Part1 of 11)

P 3,750.00 ------------~----------------- ---------- -------- ---------------------- -- ------------ ----- -------------------------------- Exhs. "P-32-1415"; "P-38", p. 65 (Exh. "P- 62",

Parl4 of 14)

Exhs. "P-32-4517"; "P-39", p. 150 (J<;xh. "P 62", ____ Part_Z_g11_4L __________________ _________ ------~------ Substantiated unutilized excess CWT 12,791.07 8,187.50 24,728.57 ----~----------- -- ---~--~------ P21 ,389,498.56 --=-·--==-==--=··-====--~~=-=-:;.:-=--=--:~--==-,..c.==-:-~==--'-==-~--=:~=-=-=-. ·---'=---=-·;:_==--=~ -,_,---_= .· -='~ ,-=-==·:-===.-====-· ~"'" ~---o-==·-=,---~..,----==o-=-=-~o=- In recapitulation, petitioner has sufficiently proven compliance with the three requisites for the refund of unutilized CWT, but only to the extent of P21 ,389,498.56 out of the total claimed CWT ofP25,812,793.00 for CY 2010.

WHEREFORE, premises considered, the instant Petition for Review is hereby PARTIALLY GRANTED. Accordingly, respondent is hereby ORDERED TO REFUND or TO ISSUE A TAX CREDIT CERTIFICATE in favor of petitioner in the amount of P21 ,389,498.56 representing its excess and unutilizcd creditable withholding taxes for CY 2010.

WE CONCUR:

~c.u~/2 AMELIA R. COTANGCO-MANALASTAS

Associate Justice

~...w.~ e_ -~~~ t' ~­ itiANITO c. CASTANEifA, JR.

CAESA~CASANOVA

Associate ~J usticc

Associate ~Justice

ATTESTATION

I attest that the conclusions in the above Decision were reached in consultation before the case was assigned to the writer of the opinion of the Court's Division.

Q

~c~.a Sff.ANiTo C. -CASTANElJA, JR.

Associate Justice

Chairperson

CERTIFICATION

Pursuant to Section 13, Article VIII of the Constitution and the Division Chairperson's Attestation, it is hereby certified that the conclusions in the above Decision were reached in consultation before the case was assigned to the writer of the opinion of the Court.

Presiding ~Justice

Honda Cats Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Exhibit

No. Period Covered Payor

2004 Disallowances

Annex A

Amount of Income Amount of

Payment Taxes Withheld

1. Prior years' CWTs received in 2004 |_|@. Sale of Goods and Services 2000* 4th quarter La Tondefia Distillers, Inc. 56,795.31 2001* oe 3rd quarter Abb, Inc. 26,735.63 3rd quarter Abb, Inc. 2,464.00 3rd quarter Clarion Manufacturing Corporation Of The Philippines 2,862.00 4th quarter Global Brands Company, Inc. 89,377.38 Ist quarter La Tondefia Distillers, Inc. 44,115.71 2nd quarter La Tondefia Distillers, Inc. 59,967.67 3rd quarter La Tondefia Distillers, Tne. 6,845.45 4th quarter La Tondejia Distillers, Inc.

43,106.16 4th quarter Mermac, Inc.

11,615.00 232.30 isl quarter Agribrands Philippines Inc.

3,156.00 31.56 2nd quarter Agribrands Philippines Inc.

15.12 2nd quarter Agribrands Philippines Inc.

3rd quarter Asian Terminals, Inc.

8.31 8,718.18 871,818.00 2nd quarter Avon Cosmetics, Inc.

1,052.21 52,610.50 3rd quarter Avon Cosmetics, Inc.

1,099,407.50 11,804.73 Avon Cosmetics, Inc.

Avon Cosmetics, Inc.

3rd quarter 81,225.50 1,018,182.00 1,624.51 10,181.82 Isl quarter Ayala Land, Inc.

929,533.74 9,295.33 4th quarter Ayala Land, Inc.

Bacnolan Consolidated Industries, Inc.

871,818.18 968,200.00 8,718.18 9,682.00 2nd quarter Bpi Leasing Corporation 3rd quarter Bpi Leasing Corporation 515,454.55 971,417.25 5,154.55 9,714.17

Bpi Leasing Corporation

1,796,363.64 17,963.64 4th quarter Bpi Leasing Corporation 454,545.45 4,545.45 4th quarter Bpi Leasing Corporation 452,727.27 4,527.27 Isl-4th quarter Cici General Insurance Corporation 150,748.14 2,387.66 3rd-4th quarter Citibank N.A.

2,631,955.00 34,910.10 Isl quarter De! Monte Philippines Inc 96,622.33 966.22 Ist quarter 2nd quarter Digital Telecommunications Phils., Inc. Digital Telecommunications Phils., Inc.

25,171.78 503.44 7,662.38 3rd quarter Digital Telecommunications Phils., Inc.

23,538.90 4th quarter 1st quarter Digital Telecommunications Phils., Inc. ETST Technologies, Inc.

12,191.25 8,467.00 2nd quarter ETST Technologies, Inc.

12,299.00 ETSI Technologies, Inc.

17,067.00 ETST Technologies, Inc.

14,401.00 144.01 1st-4th quarter First Lepanto-Taisho Insurance Corporation 22,613.00 226.13 Ist-4th quarter Fuji Xerox Philippines, Tnc. 173,962.50 3,479.25 3rd quarter Generali Pilipinas Insurance Co., Inc. 31,372.00 627.44 4th quarter Generali Pilipinas Insurance Co., Inc.

65,653.50 1,313.07 2nd quarter Global Brands Company, Inc.

2nd quarter Honda Cars Fairview Ist quarter Honda Cars Fairview (A Division Of House Of Investments, Inc.)

39,991.00 399.91 471,786.00 4,717.86 4th quarter Honda Cars Fairview (A Division Of House Of Investments, Inc.)

707,663.00 7,076.63 685,481.00 6,854.81 3rd quarter 1st quarter Honda Cars Kalookan, Inc.

Honda Cars Quezon Cily, Inc.

621,448.00 6,214.48 497,280.00 4,972.80 2nd quarter Honda Cars Quezon City, Inc.

495,968.00 4,959.68 3rd quarter Honda Parts Manufacturing Corporation 970,700.00 9,707.00 3rd quarter Kimberly-Clark Philippines, Inc.

12,187.71 4th quarter Kodak Philippines, Ltd.

8,957.54 4th quarter Kodak Philippines, Ltd. 550,250.00 2nd quarter La Tondejia Distillers, Inc. 3,977.45 39.77 Ist quarter Laguna Properties Holdings, Inc. 533,488.44 5,334.88 3rd quarter Maa General Assurance Phils., Inc. 4,499.50 89.99 4th quarter Maa General Assurance Phils., Inc. 60,451.50 1,209.03 2nd quarter Malayan Insurance Co., Inc. 61,871.50 1,237.43 2nd quarter Malayan Insurance Co., Inc. 167,513.00 1,675.13 Ist quarter Merck Sharp And Dohme Philippines 1,297,660.00 12,976.60 Ist quarter Metro Rail Transit Corporation 3,938.00 4th quarter Mindanao I Geothermal Partnership 876,364.00 8,763.64 CTA Case No. 8638 Annex A Honda Cars Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Amount of Income Amount of

Exhibit

No. Period Covered Payor Payment Taxes Withheld P-83-62 | 1st quarter New Zealand Milk Philippines, Incorporated 9,007.50 New Zealand Milk Philippines, Incorporated 3rd quarter New Zealand Milk Philippines, Incorporated 15,669.00 313.38 3rd quarter New Zealand Milk Philippines, Incorporated 7,099.50 141.99 1st-4th quarter Penn Philippines, Inc. 1,556,506.00 15,565.06 2nd quarter Petrogen Insurance Corporation 18,909.09 378.18 2nd quarter Petrogen Insurance Corporation 11,219.55 224.39 4th quarter Philippine General Insurance Corporation 9,272.73 4th quarter Philippine Long Distance Telephone Company 3,703 329.59 37,033.29 Ist quarter Philippine Postal Corporation 67,592.00 Isl quarter Pioneer Insurance & Surely Corporation 480,909.09 2nd quarter Sara Lee Phils., Inc. (Branded Apparel Div.) 11,317.00 113.17 | P-83-74 [4th quarter Sara Lee Phils., Inc. (Branded Apparel Div.) 1,393.00 27.86 4th quarter ist-4th quarter Ist-4th quarter 1st-4th quarter Ist-4th quarter 4th quarter 4,309.00 36,834.00 16,730.00 138,376.50 182,178.00 19,530.00 32,714.00 12,340.00 20,461.00 4,767.00 10,483.39 103,129.68 45,421.58 Sara Lee Phils., Inc. (Branded Apparel Div.) Seaboard Eastern Insurance Co., Inc. Seaboard Eastern Insurance Co., Inc. Seaboard-Eastern Insurance Co., Inc. Seaboard-Eastern Insurance Co., Inc.

Shangri-La Plaza Corporation

The Andresons Group, Inc.

The Andresons Group, Inc.

The Andresons Group, Inc.

The Andresons Group, Inc.

The Church Of Jesus Christ Of Latter-Day Saints

The Church Of Jesus Christ Of Latter-Day Saints

The Church Of Jesus Christ Of Latter-Day Saints

The Church Of Jesus Christ Of Latter-Day Saints

Tupperware (Philippines), Inc.

Tupperware (Philippines), Inc.

Union Cement Corporation

Uniled Coconut Planters Life Assurance Corp.

2,767.53 390.00 3,713.00 1,290,933.00 1,032,465.26 46,797.34 T-12,909.33 | 10,324.65 P-83-90 |3rd-4th quarter 1st quarter {sl-4th quarter 2003* 2nd quarter 3rd quarter 3rd quarter 4th quarter 4th quarter 4th quarter {st quarter 2nd quarter 2nd quarter P-83-88 (4th quarter P-83-89 |3rd-4th quarter 28,098.59 14,785.89 9,941.27 16,584.49 9,311.99 55,401.84 70,743.00 572,922.00 53,755.00 186.42 1,108.00 707.43 5,729.22 537.55

Abbott Laboratories

Abbott Laboratories

Abbott Laboratories

Abboti Laboratories 58,701.00 587.01 4th quarter Aboitiz Transport System Corp. 486,728.00 4,867.28 4th quarter Adenphar Pharmaceuticals 756.50 15.13 10.87 2,483.54 4th quarter 1st-4th quarter 1,087.00 124,177.00

Adenphar Pharmaceuticals

Afp General Insurance Corp.

2nd quarter Alcatel Philippines, Inc. 42,196.00 843.92 4th quarter Alcatel Philippines, Inc. 90,302.00 1,806.04 4th quarter Allied Bankers Insurance Corporation 58,649.13 3rd quarter Allied Domecq Phils., Inc. 28,959.50 579.19 3rd quarter Allied Domecq Phils., Inc. 19,787.00 197.87 4th quarter Allied Domecq Phils., Inc. 23,846.00 476.92 4th quarter American Express International 57,776.68 260.97 ist quarter Amkor Technology Philippines, Inc. 79,679.37 1,593.59 2nd quarter Amkor Technology Philippines, Inc. 36,363.99 3rd quarter Amkor Technology Philippines, Inc. 94,576.85 1,891.53 4th quarter Amkor Technology Philippines, Inc. 20,621.39 412.43 1st quarter Asia Traders Insurance Corporation 26,605.50 532.11 4th quarter Astec International Ltd. (Rohq) 1,106.50 22.13 2nd quarter Astrazeneca Pharmaceuticals (Phils) 168,892.50 3,377.85 2nd quarter Astrazeneca Pharmaceuticals (Phils) 39,812.50 796.25 4th quarter Astrazeneca Pharmaceulicals (Phils) 351,428.60 7,140.86 4th quarter Astrazeneca Pharmaceuticals (Phils) 51,459.59 Year 2003 Astrazeneca Pharmaceuticals (Phils) 2,323.50 P-83-125 |2nd quarter Aventis Pasteur Philippines, Inc. 39,654.00 P-83-126 |2nd quarter Aventis Pasleur Philippines, Inc. 26,621.50 532.43 P-83-127 |3rd quarter Aventis Pasteur Philippines, Inc. 2,245.50 44.91

Honda Cars Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Amount of Income Amount of

Payment Taxes Withheld

Annex A

Exhibit

No. Period Covered Payor P-83-128 {3rd quarter Aventis Pasteur Philippines, Inc.

18,199.50 363.99 | | P-83-129 [3rd quarter Aventis Pasteur Philippines, Inc. 1,606,818.00 a Aventis Pasteur Philippines, Inc. 15,367.50 Aventis Pasteur Philippines, Inc.

Aventis Pasteur Philippines, Inc. 25,262.50 Avenlis Pasteur Philippines, Inc. 1,606,818.00 16,068.18 | Aventis Pasteur Philippines, Inc. 21,026.00 420.52 | Aventis Pharma 17,995.06 : Aventis Pharma 25,759.62 Aventis Pharma 69,870.03 1,397.40 | Aventis Pharma 33,858.64 677.15 a Aventis Pharma 16,357.13 327.13 Aventis Pharma Inc. 31.88 Aventis Pharma Inc. 15,759.03 315.18 Avon Cosmetics, Inc. 45,315.00 906.30 Avon Cosmetics, Inc. 133,431.00 2,668.62 Avon Cosmetics, Inc. 4.02 Avon Cosmetics, Inc. 53,752.50 1,075.05 Avon Cosmetics, Inc. 620,763.00 Ayala Land, Inc. 554,534.14 5,545.34 | Ayala Land, Inc. 1,824,000.00 18,240.00 + Ayala Land, Inc. 1,117,454.55 11,174.55 Ayala Land, Inc. 1,090,909.09 10,909.09 Ayala Property Mgmt Corp 55,976.91 559.77 Ayala Property Mgmt Corp 8,978.35 179.57 Ayala Property Mgmt Corp 569,445.45 5,694.45 B. Braun Medical Supplies, Inc. 32,246.00 644.92 | | P-83-155 | B. Braun Medical Supplies, Inc. 45,657.50 913.15 | [ P-83-156 | B. Braun Medical Supplies, Inc. 56,823.50 H 8. Braun Medical Supplies, Inc. 21,848.50 B. Braun Medical Supplies, Inc. 12,261.00 Banco Filiino Savings And Mortgage Bank 104,300.08 7 Banco Filipino Savings And Mortgage Bank 7,532.77 a Banco Filipino Savings And Mortgage Bank 8,787.93 Bank Of Commerce 1,047,272.75 10,472.73 Bank Of Commerce 1,763,636.40 17,636.36 Bank Of Commerce 721,273.02 7,212.73 Bank of the Philippine Islands 909,091.00 9,090.91 | Bank of the Philippine Tslands 909,091.00 / Bank Of The Philippine Tslands 482,727.27 4,827.27 Basf Coatings, Inc. 3,677.75 73.56 | | P-83-169 | Basf Coalings, Inc. 73.56 |e | 4th quarter Bayan Telecommunications. Inc, 15,693.00 156.93 | | P-83-171 Bayan Telecommunications. Inc, 3,136.00 62.72 H 1st quarter Bayer Philippines, Inc. 22,435.00 1st quarter Bayer Philippines, Inc. 18,410.50 | 3rd quarter Bayer Philippines, Inc. | 3rd quarter Bayer Philippines, Inc. 2,433.00 | Bayer Philippines, Inc. 1,327,589.00 13,275.89 | Bayer Philippines, Inc. 16,388.50 327.77 | Bayer Philippines, Tne. 754,867.00 7,548.67 Bayer Philippines, Inc. 13,442.50 268.85 Bayer Philippines, Inc. 42,499.50 849.99 Bayer Philippines, Inc. 35,972.00 359.72 : Bayer Philippines, Inc. 25,864.00 Bayer Philippines, Inc. 7,214.50 | Bio Femme, Inc. 2,379.50 a Bio Femme, Inc. 4,400.00 | | Bmg Records (Pilipinas) Inc. 2,975.00 a Bmg Records (Pilipinas) Inc. 30,248.50 | Bmg Records (Pilipinas), Inc. 17,456.50 H P-83-189 [3rd quarter Bmg Records (Pilipinas), Inc. 66,435.00 P-83-190 {4th quarter Bmg Records (Pilipinas), Inc. 11,291.50 eo 4th quarter Bmg Records (Pilipinas), Inc. 24,232.00 P-83-192 |2nd quarter Boehringer Ingelheim (Phils.), Inc. 8,401.00 P-83-193 {3rd quarter Boehringer Ingelheim (Phils.), Inc. 3,460.00 69.20 P-83-194 |3rd quarter Boehringer Ingelheim (Phils.), Inc. 657,708.00 6,577.08

Honda Cars Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Annex A

Amount of Income Amount of

Exhibit

No. Period Covered Payor Payment Taxes Withheld P-83-195 {4th quarter Boehringer Ingelheim (Phils.), Inc. 48,858.00 977.16 a P-83-196 {4th quarter Boehringer Ingelheim (Phils.), Inc. 8,621.00 172.42 P-83-197 |4th quarter Boehringer Ingelheim (Phils.), Inc.

10,518.50 P-83-198 |4th quarter Bot Lease & Finance Phils., Inc.

993,000.00 9,027.27 P-83-199 {4th quarter Bpi Family Savings Bank 909,250.00 9,092.50 | | P-83-200 |1st quarter Bpi Leasing Corporation 909,090.91 | | P-83-201 |ist quarter Bpi Leasing Corporation 817,272.73 8,172.73 |_| P-83-202 ist quarter Bpi Leasing Corporation 898,181.82 | [| P-83-203 [1st Bpi Leasing Corporation 682,727.27 6,827.27 P-83-204 | 1st quarter Bpi Leasing Corporation 467,272.73 4,672.73 | P-83-205 |2nd quarter Bpi Leasing Corporation 786,363.64 7,863.64 | 4th quarter Bpi Leasing Corporation 434,545.55 4,354.55 | P-83-207 |4th quarter Bpi Leasing Corporation 672,727.27 6,727.27 P-83-208 [4th quarter Bpi Leasing Corporation 980,000.00 4th quarter Bpi Leasing Corporation 555,454.55 5,554.55 P-83-210 |4th quarter Bpi Leasing Corporation 9 838,181.82 98,381.82 P-83-211 |4th quarter Bpi Leasing Corporation 1,356,272.73 13,652.73 | P-83-212 Bpi Leasing Corporation 1,903,843.90 19,038.44 H Year 2003 Bpi Leasing Corporation 727,272.73 7,272.73 P-83-214 |3rd quarter Bpi/Ms Insurance Corporation 1,202,196.50 24,043.93 P-83-215 |3rd quarter Bpi/Ms Insurance Corporation 57,500.00 575.00 3rd quarter BPT/MS Tnsurance Corporation 1,100,477.50 22,009.55 P-83-217 {3rd quarter BPI/MS Tnsurance Corporation 216,259.00 2,162.59 4 P-83-218 |3rd-4th quarter Bristol-Myers Squibb (Phil), Tnc 94,867.00 948.67 P-83-219 |3rd-4th quarter Bristol-Myers Squibb (Phil), Inc. 7,065.00 70.65 | P-83-220 |3rd quarter Burmah Castrol Philippines Inc. 22,541.20 204.92 4th quarter California Manufacturing Co. 97,058.64 1,941.23 | | P-83-222 |4th quarter California Manufacturing Co. 286,279.22 2,862.80 | | P-83-223 |4th quarter California Manufacturing Co. 15.13 | 4th quarter California Manufacturing Co. 1,102.90 11.03 3rd quarter Caltex (Philippines) Inc. 1,346,364.00 13,463.64 3rd quarter Cbi (Philippines), Inc 41,328.66 826.57 4th quarter Cbi (Philippines), Inc 40,798.50 815.97 | {st-4th quarter CCC Insurance Corporation 159,143.42 3,182.87 a {sl-4th quarter CCC Tnsurance Corporation 159,143.42 3,182.87 | P-83-230 |Year 2003 Ccc Insurance Corporation 55,011.60 1,100.23 P-83-231 |3rd quarter Century Canning Corporation 14,461.50 | 3rd quarter Cqgu International Insurance Plc 38,581.00 771.62 P-83-233 Cgu International Insurance Pic 318,859.00 6,377.18 P-83-234 |3rd quarter Cgu International Insurance Plc 165,245.50 4th quarter Cgu International Insurance Plc 177,234.00 4th quarter Cgu International Insurance Plc 21,908.00 4th quarter Cgu International Insurance Pic 74,865.00 P-83-238 |4th quarter Chinatrust (Phils) Commercial Bank Corporation 600,000.00 | | P-83-239 |ist-4th quarter Cici General Insurance Corporation 123,570.07 |_| P-83-240 [4th quarter City Government of Las Pifias 674,950.00 12,271.81 | | P-83-241 |4th quarter City Government of Makati 483,182.00 9,663.64 ‘ee 4th quarter Clariant ( Philippines) Corp. 3,717.50 74.36 P-83-243 |4th quarter Clariant ( Philippines) Corp. 18,232.59 182.33 P-83-244 |4th quarter Clarion Manufacturing Corporation Of The Philippines 34,032.50 680.65 P-83-245 |4th quarter Clarion Manufacturing Corporation Of The Philippines 107,155.00 1,071.55 P-83-246 {1st quarter Coca-Cola Bottlers Philippines Inc. 79,418.50 1,588.37 P-83-247 |2nd quarter Coca-Cola Bottlers Philippines Inc. 120,648.00 2,412.96 a Coca-Cola Bottlers Philippines Inc. 121,142.50 2,422.85 | | P-83-249 [4th quarter Coca-Cola Bottlers Philippines Inc. 27,197.00 aeecean 4th quarter Colgate-Palmolive Philippines, Inc 21,108.50 P-83-251. [3rd quarter Colgate-Palmolive Philippines, Inc. 18,743.00 | P-83-252 |4th quarter Colgate-Palmolive Philippines, Inc. 7,110.50 Colgate-Palmolive Philippines, Inc. 12,648.00 | P-83-254 Collins International Trading Corporation 23,666.50 : 2nd quarter Collins International Trading Corporation 3,344.50 2nd quarter Collins International Trading Corporation 12,003.00 3rd quarter Collins International Trading Corporation P-83-258 Collins International Trading Corporation 5,598.00 P-83-259 [4th quarter Commonwealth Insurance Company 207,272.00 | { P-83-260 [4th quarter Consolidated Distillers Of The Far East, Inc. 3,904.00 P-83-261 |Year 2003 Consolidated Industrial Gases, Inc. 907,282.85 9,072.82 Honda Cars Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Exhibit

Annex A

Amount of Income Amount of

Payment Taxes Withheld

817,272.73 8,172.73 No. Period Covered Payor P-83-262 {Year 2003 Consolidated Industrial Gases, Inc. P-83-263 Year 2003 Consolidated Industrial Gases, Inc.

| | P-83-264 |4th quarter Cosmos Bottling Corporation 817,272.73 8,172.73 P-83-265 |4th quarter Covenant Assurance Company, Inc. P-83-266 |4th quarter Crismina Garments, Inc.

41,031.59 468.09 | | P-83-267 D.M. Consunji, Inc.

17,918.15 358.36 9,752.00 195.34 273,638.50 5,472.77 P-83-268 {2nd quarter Dart (Philippines), Inc. P-83-269 {4th quarter 3,395.00 67,90 -83- Dart (Philippines), Tnc.

P-83-273 Del Monte Philippines, Inc. 149,460.57 1,494.61 P-83-274 |2nd to 3rd quarter Del Monte Philippines, Inc. 23,358.14 P-83-275 {2nd to 3rd quarter Del Monte Philippines, Inc. 32,182.86 P-83-276 |2nd to 3rd quarter Del Monte Philippines, Inc.

1,785.70 P-83-277 |3rd quarter Del Monte Philippines, Inc.

43,555.49 P-83-278 |3rd quarter Del Monte Philippines, Inc.

21,077.78 P-83-279 {3rd to 4th quarter Del Monte Philippines, Inc.

17,677.63 353.55 P-83-280 {3rd to 4th quarter Del Monte Philippines, Inc.

3rd to 4th quarter Del Monte Philippines, Inc.

18,039.77 360.80 798.31 7.98 P-83-282 [3rd to 4th quarter Del Monte Philippines, Inc. 146,736.86 2,934.73 P-83-283 |3rd to 4th quarter Del Monte Philippines, Inc. P-83-284 |4th quarter Department Of Energy 1,102.92 P-83-285 |4th quarter Department Of Energy 1,722.70 1,722.70 P-83-286 |4th quarter Department Of Science And Technology P-83-287 |4th quarter Department Of Science And Technology 333.28 1,044.97 18,330.37 57,473.44 P-83-288 {4th quarter

Department Of Science And Technology

Department Of Science And Technology

P-83-289 |4th quarter P-83-290 {4th quarter

Department Of Science And Technology

40,636.20 738.84 39,544.82 719.00 14,740.00 268.00 P-83-291 |4th quarter

Department Of Science And Technology

18,330.37 333.28 P-83-292 4th quarter Deutsche Bank Ag Manila Branch 878,181.82 8,781.82 P-83-293 |3rd quarter

Development Bank Of The Philippines

26,476.85 529.54 P-83-294 [3rd quarter Development Bank Of The Philippines 5,110.00 102.20 P-83-295 |4th quarter

P-83-296 |Year 2003

Development Bank Of The Philippines

Diageo Philippines, Inc.

13,898.74 138.99 16,283.00 162.83 P-83-297 |Year 2003 Diageo Philippines, Inc.

120,531.00 2,410.62 Digital Telecommunications Phils., Inc.

P-83-299 |3rd quarter Digital Telecommunications Phils., Inc.

13,220.87 P-83-300 |4th quarter Digital Telecommunications Phils., Inc.

23,688.02 473.76 P-83-301 {1st quarter Digite! Mobile Phils.

10,511.20 210.24 P-83-302 {2nd quarter Digitel Mobile Phils.

510,909.09 5,109.09 P-83-303 |2nd quarter Digitel Mobile Phils.

19,452.59 389.06 P-83-304 j3rd quarter Digilel Mobile Phils.

56,113.66 1,122.28 P-83-305 |4th quarter Digitel Mobile Phils.

5,001.36 P-83-306 |2nd quarter Digitel Mobile Phils. Inc.

510,909.09 5,109.09 P-83-307 |2nd quarter Digitel Mobile Phils. Inc.

P-83-308 |4th quarter Directories Philippines Corporation 389.06 19,452.59 P-83-309 |4th quarter DMCT Holdings Inc.

Dow Chemical Philippines, Inc.

50,950.00 1,019.00 511,818.18 5,118.18 P-83-310 |2nd quarter P-83-311 |2nd quarter Dow Chemical Philippines, Tnc.

P-83-314 |2nd quarter Elan Pharmaceutical Corporation P-83-315 |3rd quarter Eli Lilly (Philippines), Tne.

7,447.50 148.95 32,737.34 327.37 P-83-312 |4th quarter Du Pont Far East, Inc. 13,264.12 265.28 P-83-313 {4th quarter Dummex Philippines, Inc. 12,176.50 243.53 32,194.00 643.88 P-83-316 |4th quarter Eli Lilly (Philippines), Inc. P-83-317 {4th quarter Eli Lilly (Philippines), Inc.

55,652.00 1,113.04 667,273.00 6,672.73 P-83-318 {4th quarter Enkei Philippines, Inc.

25,347.50 506.95 P-83-319 |2nd quarter Equitable Insurance Corporation 26,553.50 531.07 P-83-320 |3rd quarter Equitable Insurance Corporation 1,701.00 34.02 58,379.20 1,167.58 P-83-321 |4th quarter Equitable Insurance Corporation 19,682.68 P-83-322 |4th quarter Equitable Insurance Corporation 7,783.06 4th quarter Equitable Insurance Corporation 23,982.55 91,940.00 P-83-324 |4th quarter Equitable Insurance Corporation P-83-325 |2nd quarter Equitable PCT Bank P-83-326 |2nd quarter Equitable PCT Bank 1,838.80 1,064,513.00 10,645.13 816,272.00 8,162.72 2,139,653.00 21,396.53 P-83-327 |3rd quarter Equitable PCT Bank P-83-328 |4th quarter Equitable PCT Bank 1,518,182.00 15,181.82 uw CTA Case No. 8638 Annex A Honda Cars Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Amount of Income Amount of

Exhibit .

No. Period Covered Payor Payment Taxes Withheld P-83-329 {4th quarter Ericsson Telecommunications, Inc. 6,637.40 120.68 P-83-330 {4th quarter Essex Pharmaceuticals, Inc. 2,580,000.00 25,800.00 1st quarter ETST Technologies, Inc. 49,263.00 492.63 83-332 [3rd quarter ETSI Technologies, Inc. 3,821.00 38.21 Export And Industry Bank, Inc. 363,636.00 Federal Phoenix Assurance Co., Inc. 217,848.00 3,636.36 4,356.96

P-83-

P-83-333 {4th quarter P-83-334 {3rd quarter P-83-335 |3rd quarter Federal Phoenix Assurance Co., Inc. 221,669.00 4,433.38 P-83-336 |4th quarter Federal Phoenix Assurance Co., Inc. 1,614,142.00 32,282.81 P-83-337 |4th quarter Federal Phoenix Assurance Co., Inc. 394,238.00 7,884.76 P-83-338 |4th quarter Federal Phoenix Assurance Co., Inc. 280,706.50 5,614.13 4th quarter Federal Phoenix Assurance Co., Inc. 1,421,289.50 28,425.79 Ist quarter Fil-Pacific Apparel Corporation 835,454.55 8,354.55 P-83-341 First Gas Holdings Corporation 6,658.00 133.16 P-83-342 |Year 2003 First Lepanto-Taisho Insurance Corporation 118,991.00 1,189.91 P-83-343 | 1st quarter First Philippine Industrial Park, Inc. 4,791.00 95.82 P-83-344 |2nd quarter First Philippine Industrial Park, Inc. 14,742.50 294.85 P-83-345 |3rd quarter First Philippine Industrial Park, Inc. 142.44 First Philippine Industrial Park, Inc. 3,836.50 76.73 Fort Bonicio Development Corporation 9,000.00 900,000.00 9,000.00 f

Fort Bonifacio Development Corporation

84,251.50 1,685.03 Forlune Guarantee & Insurance Corporation . Fortune Guarantee And Insurance Corporation 31,515.00 630.30 022.

515,454.55 5,154.55 654.

P-83-346 [4th quarter P-83-347 [4th quarter

P-83-348

P-83-349

P-83-350

4th quarter 2nd quarter 3rd quarter

Fortune Guarantee And Insurance Corporation

4th quarter F-Tech Philippines Manufacturing Corporation 220.46 Ist-4th quarter Fuji Xerox Philippines, Inc. 34.02 Ist quarter General Milling Corporation 3rd quarter General Milling Corporation General Milling Corporation 10,964.55

G

11,843.73 Global Brands Company, Inc. 1,054.75 199.08 55,552.37 39,090.91 5,001,818.00 872,727.00

P-83-356

P-83-357 |3rd quarter laxosmithkline Philippines Inc. 592,186.50 11,843.73

P-83- L

P-83-359 |2nd quarter Global Brands Company, Inc. 17,103.00 171.03 P-83- t 50,018.18 8,727.27 P-83-364 |3rd quarter Gma Network Inc. Gma Network Inc.

P-83-365 |4th quarter 553,636.00 5,936.36 P-83-366 | 1st quarter Golden Arches Development Corporation 36,213.00 724.26 P-83-367 |2nd quarter Golden Arches Development Corporation 4,862.50 97.25 P-83-368 {3rd quarter Golden Arches Development Corporation 22,849.50 456.99 P-83-369 {3rd quarter Golden Arches Development Corporation 3rd quarter Golden Arches Development Corporation 7,216.00 144.32 P-83-371. {4th quarter Golden Arches Development Corporation 44,025.50 880.51 Golden Arches Development Corporation 44,025.50 880.51 | _P-83-373 [4th quarter Golden Arches Development Corporation 2,113.50 42.27 P-83-374 |2nd quarter Greenwich Pizza Corporation 900,000.00 9,000.00 P-83-375 {3rd quarter Hi-Precision Steel Center, Inc. 756.25 15.13 P-83-376 |3rd quarter Home Development Mutual Fund 6,232.29 124.65 P-83-377 |3rd quarter Home Development Mutual Fund (Hdmf) 2,015.76 40.32 3rd quarter Home Development Mutual Fund (Hdmf) 4,727.23 94.55 P-83-379 |3rd quarter Home Development Mutual Fund (Hdmf) 756.26 15.13 P-83-380 |3rd quarler Home Development Mutual Fund (Hdmf) 3,310.92 4th quarter Home Development Mutual Fund (Hdmf) 1,800.00 P-83-382 |4th quarter Home Development Mutual Fund (Hdmf) 15,519.94 P-83-383 [3rd quarter Honda Cars Bacolod 37.80 7,988.90 P-83-384 |3rd quarter Honda Cars Cagayan P-83-385 |2nd quarter Honda Cars Cebu, Inc.

758,890.00 P-83-386 |3rd quarter Honda Cars Cebu, Inc. 2,333,755.00 23,337.55 P-83-387 |3rd quarter Honda Cars Cebu, Inc. 2,333,755.00 23,337.55 P-83-388 {3rd quarter Honda Cars Cebu, Inc.

P-83-389 |3rd quarter Honda Cars Cebu, Inc. P-83-390 /4th quarter Honda Cars Cebu, Inc.

945,908.00 503,779.00 502,437.00 9,459.08 5,037.79 5,024.37 P-83-391 [4th quarter Honda Cars Cebu, Inc. 502,437.00 P-83-392 [4th quarter Honda Cars Cebu, Inc. 2,404,384.00 P-83-393 |1st quarter Honda Cars Fairview (A Division of House of Investments, Inc.) 1,110,290.00 P-83-394 {3rd quarter Honda Cars Fairview (A Division Of House Of Investments, Inc.) 1,182,977.00 11,829.77 P-83-395 |3rd quarter Honda Cars Kaloocan, Inc. 1,511,234.00 15,112.34 qA Case No. 8638 1\nncx 1\ Honda Cars Makati, Inc. vs. ClR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Exhibit

Amount of Income

Amount of

No.

Period Covered

Payor

Payment

Taxes Withheld

P-83-396

1st quarter Honda Cars Kalookan, Inc.

578,413.00 5,784.13 P-83-397 4th quarter Honda Cars Kalookan, Inc.

2,814,531.00 28,145.31 P-83-398 4th quarter Honda Cars Kalookan, Inc.

1,515,332.00 15,153.32 P-83-399 4th quarter Honda Cars Kalookan, Inc.

1,083,032.00 10,830.32 P-83-400 4th quarter

Honda Cars Manila

1,214,554.00 12,145.54

P-83-401

4th quarter

Honda Cars Manila

1,447,009.00 14,470.09 P-83-402 3rd quarter Honda Cars Manila (A Division Of House Of Investments, Inc.) 1,181,945.00 11,819.45 P-83-403 2nd quarter

Honda Cars Marikina

3,130,760.00 31,307.60 P-83-404 3rd quarter

Honda Cars Marikina

2,840,367.00 28,403.67 P-83-405 3rd quarter

Honda Cars Marikina

3,172,186.00 31,721.86 P-83-406 4th quarter

Honda Cars Marikina

836,440.00 8,364.40 P-83-407 4th quarter

Honda Cars Marikina

596,459.00 5,964.59 P-83-408 3rd quarter Honda Cars Marikina (A Division of House of Investments, Inc.) 725,366.00 7,253.66 P-83-409 4th quarter

Honda Cars Pangasinan

2,120,069.00 19,273.35 P-83-410 4th quarter

Honda Cars Pangasinan

1,092,685.00 9,933.50

P-83-411

4th quarter Honda Cars Pangasinan, Inc.

550,985.00 5,008.95 P-83-412 4th quarter

Honda Cars Philippines

407,118.00 4,071.18 P-83-413 4th quarter Honda Cars Philippines Tnc.

1,239,253.00 12,392.53 P-83-414 3rd quarter Honda Cars Philippines, Tnc.

1,291,877.00 12,918.77 P-83-415 4th quarter Honda Cars Philippines, Inc.

941,718.00 9,417.18 P-83-416 4th quarter Honda Cars Philippines, Inc.

1,483,661.00 14,836.61 P-83-417 3rd quarter

Honda Parts Manufacturing Corporation

536,684.00 10,733.68 P-83-418 4th quarter

Honda Parts Manufacturing Corporation

485,618.00 9,712.36 P-83-419 4th quarter Honda Philippines, Inc.

2,089,220.00 20,892.20 P-83-420 4th quarter Honda Philippines, Inc.

66,874.00 1,337.51

P-83-421

4th quarter Honda Philippines, Inc.

2,089,220.00 20,892.20

P-83-422

1st quarter Hooven Philippines Inc.

45,814.00 916.28

P-83-423

2nd quarter Hooven Philippines Tnc.

1,829.00 36.58 P-83-424 3rd quarter Hooven Philippines Inc.

39,442.50 788.85 P-83-425 4th quarter Hooven Philippines Inc.

7,633.00 152.66 P-83-426 4th quarter IMS Health Philippines, Inc.

23,920.65 478.41

P-83-427

1st, 2nd, and 3rd quarters Ims Health Phils., Tnc.

78,760.72 1,575.20 P-83-428 4th quarter Ingersoll - Rand Philippines, Inc.

40,281.65 402.82 P-83-429 4th quarter Insular General Insurance Co.,Inc 498,942.00 9,978.84 P-83-430 2nd quarter

Insular Life Savings & Trust Company

754,000.00 6,854.54

P-83-431

3rd quarter

Insular Life Savings & Trust Company

609,000.00 5,536.36 P-83-432 4th quarter

Jaime Augusto Zobel De Ayala

7,526.18 150.52 P-83-433 4th quarter James Hardie Philippines, Inc.

484,545.40 4,845.45 P-83-434 4th quarter James Hardie Philippines, Inc.

13,371.47 267.00 P-83-435 4th- I st quarter James Hardie Philippines, Inc.

2,196,363.64 21,963.64 P-83-436 4th-l st quarter James Hardie Philippines, Inc.

12,438.00 248.00 P-83-437 4th quarter

Japan Pnb Leasing And Finance Corporation

I ,045,500.00 10,455.00 P-83-438 4th quarter

Japan-PNB Leasing And Finance

1,781,818.00 17,818.18 P-83-439 3rd quarter

Jollibee Foods Corporation

815,454.55 8,154.55 P-83-440 3rd quarter

Jollibee Foods Corporation

872,727.27 8,727.27

P-83-441

3rd quarter

Jollibee Foods Corporation

815,454.55 8,154.55 P-83-442 3rd quarter

Jollibee Foods Corporation

872,727.27 8,727.27 P-83-443 4th quarter

Kimberly-Clark Philippines Inc

491,409.09 4,914.09 P-83-444 4th quarter Kodak Philippines, Ltd.

954,500.00 9,545.00 P-83-445 4th quarter Kodak Philippines, Ltd.

12,835.45 256.71 P-83-446 4th quarter La Tondefia Distillers, Inc.

2,268.20 45.36

P-83-447

I st quarter Laboratoires Fournier Philippines, Inc. 16,962.50 339.25 P-83-448 2nd quarter Laboratoires Fournier Philippines, Tnc. 23,065.00 461.30 P-83-449 3rd quarter Laboratoires Fournier Philippines, Inc. 9,708.50 194.17 P-83-450 4th quarter Laboratoires Fournier Philippines, Inc. 18,361.00 367.22

P-83-451

4th quarter Laboratoires Fournier Philippines, Inc. 1,882,854.00 18,828.54

P-83-452

I st quarter Laguna Prop. Holdings Inc.

501,818.18 5,018.18 P-83-453 3rd quarter Laguna Prop. Holdings Inc.

I ,551,818.18 15,518.18 P-83-454 3rd quarter Laguna Prop. Holdings Inc.

2,339.15 23.39 P-83-455 4th quarter

Land Bank Of The Philippines

815,454.50 16,309.09 P-83-456 4th quarter

Lapanday Foods Corporation

17,349.65 173.50 P-83-457 4th quarter

Lapanday Foods Corporation

4,883.52 97.67 P-83-458 4th quarter LCSPT (Lafarge Cement Services Phils., Inc.) 265,000.00 5,300.00

P-83-459

1st quarter Lg Collins Electronics Manila Inc.

19,008.00 190.08 P-83-460 3rd quarter Lg Collins Electronics Manila Inc.

21,873.00 218.73

P-83-461

3rd quarter Lg Collins Electronics Manila Inc.

913,546.00 9,135.46 P-83-462 4th quarter Lg Collins Electronics Manila Inc.

115,124.00 I, 151.24 r 7 CTA Case No. 8638 Annex A Honda Cars Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Exhibit Amount of Income Amount of

No. Period Covered Payor Payment Taxes Withheld | | P-83-463 [1st quarter L'Oreal Philippines, Inc. 83,723.50 1,674.47 |_| P-83-464 [2nd quarter L'Oreal Philippines, Inc. 20,567.50 | | P-83-465 [3rd quarter ==——_—_—{ L'Oreal Philippines, Inc. 36,271.50 |_| P-83-466 [4th quarter L'Oreal Philippines, Inc. 31,230.50 P-83-467 |ist quarter Maa General Assurance Phils., Inc. 90,160.00 ar quarter Maa General Assurance Phils., Inc. 160,419.50 P-83-469 |3rd quarter Maa General Assurance Phils., Inc. 2,897.00 P-83-470 [4th quarter Maa General Assurance Phils., Inc. 262,030.00 ist quarter Magnolia, Inc. 9,075.00 2nd quarter Magnolia, Inc. 23,511.00 P-83-473 [3rd quarter Magnolia, Inc. P-83-474 [4th quarter Magnolia, Inc. 87,200.50 P-83-475 [4th quarter Magnolia, Inc. 24,511.50 3rd quarter Makati Dev't Corp. 820,000.00 2nd quarter Malayan Insurance Co., Inc 53,892.00 P-83-478 [2nd quarter Malayan Insurance Co., Inc 116,591.00 P-83-479 |1sl quarter P-83-480 | 1st quarter Malayan Insurance Co., Inc.

Malayan Insurance Co., Inc.

44,993.50 67,105.00 {st-4th quarter Malayan Insurance Co., Inc. 324,655.50 P-83-482 | 1st-4th quarter Malayan Insurance Co., Inc. 2nd quarter Malayan Insurance Co., Inc. 3rd quarter Malayan Insurance Co., Inc. 3rd quarter Malayan Insurance Co., Inc.

P-83-487 |3rd quarter P-83-488 |3rd quarter P-83-489 |4th quarter P-83-490 {4th quarter 39,790.50 81,292.00 22,578.50 48,750.00 Malayan Insurance Co., Inc.

Malayan Insurance Co., Inc.

Malayan Insurance Co., Inc.

Malayan Insurance Co., Inc.

4th quarter Malayan Insurance Co., Inc. 58,611.00 P-83-492 /4th quarter Malayan Insurance Co., Inc. 80,239.00 802.39 P-83-493 [4th quarter Malayan Insurance Co., Inc. 94,458.50 P-83-494 [4th quarter Malayan Insurance Co., Inc. 212,953.00 P-83-495 |ist-4th quarter Mapfre Asian Insurance Corporation 305,909.00 Ist-4th quarter Mapfre Asian Insurance Corporation 138,262.00 2,765.24 Year 2003 Mapfre Asian Insurance Corporation 198,647.00 1,986.47 Year 2003 Mapfre Asian Insurance Corporation 132,794.50 2,655.89 P-83-499 |Year 2003 Mapfre Asian Insurance Corporation 100,631.00 P-83-500 {Year 2003 Mapfre Asian Insurance Corporation 78,163.00 1,563.26 isl quarter Marsman Drysdale Corp.

Year 2003 Marsman Drysdale Foods Corporation 10,296.00 205.92 P-83-503 | 1st quarter Marsman Drysdale Medical Products, Inc. 14,091.00 2nd quarter Marsman Drysdale Medical Products, Inc. 2,382.00 P-83-505 |3rd quarter Masterfoods Philippines 6,141.99 122.84 422.07 167.64 1,498.79 37.13 17.23 391.25

P-83-506

P-83-507

P-83-508

P-83-509

3rd quarter 4th quarter 4th quarter 3rd quarter

Masterfoods Philippines

Masterfoods Philippines

Masterfoods Philippines

Md Distripark Manila, Inc.

Md Distripark Manila, Inc.

Medichem Pharmaceuticals, Inc.

42,206.68 16,763.75 74,939.43 1,856.50 861.50 19,562.50 P-83-511 |4th quarter P-83-512 |4th quarter Medichem Pharmaceuticals, Inc. 4,440.00 ist-4th quarter Megaworld Corporation 39,732.00 Ist quarter Merck Sharp and Dohme Philippines 2nd quarter Merck Sharp and Dohme Philippines 14,763.74 3rd quarter Merck Sharp and Dohme Philippines 551,042.46 11,031.87 P-83-517 |3rd quarter Merck Sharp and Dohme Philippines 9,010.49 180.39 P-83-518 [4th quarter Merck Sharp And Dohme Philippines 590,141.82 5,901.42 P-83-519 [4th quarter Merck Sharp and Dohme Philippines 10,052.45 201.25 Metrolab Industries Inc 13,729.00 137.29 P-83-527 | 1st quarter Metrolab Industries Inc 1,389.00 27.78 P-83-528 | 1st quarter Millon Incorporated 9,731.18 194.62 P-83-529 |4th quarter Milton Incorporated 4,912.54 98.25 P-83-526 | 1st quarter P-83-520 |Year 2003 Merck, Tnc 354,613.00 3,546.13 P-83-521 [Year 2003 Merck, Inc. 103,808.00 4th quarter Meridian Assurance Corporation 27,688.94 3rd quarter Metro Drug, Inc. 31,595.50 631.9) P-83-524 |4th quarter Metro Drug, Inc. 25,941.50 518.83 P-83-525 | {st quarter Metro Rail Transit Corporation oc CTA Case No. 8638 Annex A Honda Cars Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Amount of Income Amount of

Exhibit

No. Period Covered Payor Payment Taxes Withheld | [ P-83-530 [4th quarter Mirant (Philippines) Energy Corp (Formerly: Mirant (Philippines) Mobi 18,512.00 |_| P-83-531 [4th quarter Monde Nissin Corporation |_| P-83-532 [4th quarter Monde Nissin Corporation | _{ P-83-533 |4th quarter Monde Nissin Corporation |_| P-83-534 [ist to 3rd quarter Nestle Philippines, Inc. 5,127,962.00 | eee 3rd quarter Nestle Philippines, Inc. 519,455.00 P-83-536 | isl quarter New Zealand Milk Philippines, Incorporated 11,950.50 |_| P-83-537 [2nd quarter New Zealand Milk Philippines, Incorporated 14,529.00 | | P-83-538 [3rd quarter New Zealand Milk Philippines, Incorporated 9,848.50 | | P-83-539 [4th quarter New Zealand Milk Philippines, Incorporated 11,692.00 |_| P-83-540 [4th quarter Northwest Insurance & Surely Co., Inc. |_| P-83-541 [3rd quarter Oep Phils., Inc. 10,279.50 205.59 |_| P-83-542 /4th quarter Oriental Assurance Corporation 6,579.00 65.79 4th quarter Oriental Assurance Corporation 14,305.00 286.10 P-83-544 |4th quarter Oriental Assurance Corporation 238,596.00 2,385.96 P-83-545 |4th quarter Oriental Assurance Corporation 62,431.00 1,248.62 4th quarter Oriental Assurance Corporation 238,596.00 2,385.96 4th quarter Oriental Assurance Corporation 62,431.00 | P-83-548 {3rd quarter Orix Metro Leasing And Finance Corp. 454,545.00 P-83-549 {4th quarter Orix Metro Leasing And Finance Corporation 5,979,452.00 59,794.52 P-83-550 |4th quarter Orix Metro Leasing And Finance Corporation 1,515,454.00 Ist-4th quarter Paramount Life & General Insurance Corp. 360,746.50 7,214.93 P-83-552 |1sl quarter Paramount Life & General Insurance Corporation 228,560.50 4,571.21 2nd quarter Paramount Life & General Insurance Corporation 373,267.00 7,465.34 Ist quarter Paramount Life and General Insurance Corp. 291,918.50 5,838.37 Ist quarter Paramount Life And General Insurance Corporation 63,583.00 1,271.66 P-83-556 |2nd quarter Paramount Life And General Insurance Corporation 572,114.00 11,442.28 P-83-557 |3rd quarter Paramount Life And General Insurance Corporation 256,952.00 5,139.04 P-83-558 | Isl quarter Pascual Laboratories, Inc. 38,677.50 773.55 2nd quarter Pascual Laboratories, Inc. 16,717.00 334.34 P-83-560 |3rd quarter Pascual Laboratories, Inc. 47,636.50 952.73 | P-83-561. {4th quarter Pascual Laboratories, Inc. 17,929.00 4th quarter Pascual Laboratories, Inc. 17,393.00 3rd quarter Pci Leasing & Finance, Inc. 2,670,000.00 P-83-564 [4th quarter PCT Leasing And Finance, Inc. 523,000.00 4,754.55 P-83-565 {2nd quarter P-83-566 {4th quarter P-83-567 |2nd quarter P-83-568 |2nd quarter P-83-569 |1sl quarter 47,551.00 33,865.50 30,666.50 23,638.00 22,938.00 Pediatrica, Inc.

Pediatrica, Inc.

Penn Philippines Export, Inc.

Penn Philippines, Inc Pepsi Cola Products Phils., Inc.

472.76 458.76 P-83-570 |2nd quarter Pepsi Cola Products Phils., Inc. 75,256.00 1,505.12 P-83-571 |3rd quarter Pepsi Cola Products Phils., Inc. 105.13 P-83-572 |3rd quarter Pepsi Cola Products Phils., Inc. 1,023,915.00 10,239.15 P-83-573 {4th quarter Pepsi Cola Products Phils., Inc. 11,630.00 P-83-574 {1st quarter Perfetti Van Melle Philippines, Inc. 23,393.00 P-83-575 [3rd quarter Perfetti Van Melle Philippines, Inc. 11,775.00 P-83-576 |4th quarter Petrogen Insurance Corporation 207.95 P-83-577 |4th quarter Petrogen Insurance Corporation 42,135.45 P-83-578 [3rd quarter Petron Corporation 660,006.60 4th quarter Petron Corporation Ist quarter Pfizer, Inc. 1,667.00 33.34 1st quarter Pfizer, Inc. 84,423.00 844.23 P-83-582_|2nd quarter Pfiver, Inc.

P-83-583 [2nd quarter Pfizer, Inc. 44,955.00 449.55 P-83-584 [2nd quarter Pfizer, Inc. 27,420.00 548.40 2nd quarter Pfizer, Inc. 138,555.00 1,385.55 3rd quarter Pfizer, Inc. 6,332.00 126.64 3rd quarter Pfizer, Inc. 18,598.00 185.98 P-83-588 [3rd quarter Pfizer, Inc. 3,122.50 62.45 P-83-589 {3rd quarter Pfizer, Inc. 1,863,305.00 18,633.05 P-83-590 |3rd quarter Pfizer, Inc. 12,871.50 257.43 P-83-591 |3rd quarter Pfizer, Tne. 7,781,385.00 77,813.85 P-83-592 |4th quarter Pfizer, Inc. 19,480.50 P-83-593 [4th quarter Pfizer, Inc. 96,338.00 P-83-594 {4th quarter Pharma Dynamic, Inc. 1,264.00 P-83-595 |4th quarter Phelps Dodge Philippines Energy Products Corporation 2,876.50 P-83-596 |2nd quarter Philam Insurance Company, Inc. 173,288.00 3,465.76 / erA Case No. 8638 1\nncx 1\ Honda Cars Makati, lnc. vs. ClR •' ., ' Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Exhibit

Amount of Income

Amount of

No.

Period Covered

Payor

Payment

Taxes Withheld

P-83-597 2nd quarter Philam Insurance Company, Inc.

611,482.00 12,229.64 P-83-598 3rd quarter Philam Insurance Company, Inc.

180,641.75 3,612.83 P-83-599 3rd quarter Philam Insurance Company, Inc.

368,082.90 7,361.67 P-83-600 4th quarter Philam Insurance Company, Inc.

103,913.41 2,078.25 P-83-601 4th quarter Philam Insurance Company, Inc.

330,826.98 6,616.56 P-83-602 3rd quarter Philip Morris Philippines Manufacturing Inc. 67,345.50 1,346.91 P-83-603 3rd quarter Philip Morris Philippines Manufacturing Inc. 67,345.50 1,346.91 P-83-604 4th quarter Philip Morris Philippines Manufacturing Inc. 103,829.00 2,076.58 P-83-605 4th quarter

Philippine Amusement and Gaming Corporation

508,181.82 10,163.64 P-83-606 4th quarter

Philippine Amusement and Gaming Corporation

508,181.82 15,245.45 P-83-607 3rd quarter

Philippine Deposit Insurance Corporation

18,224.48 364.49 P-83-608 4th quarter

Philippine Deposit Insurance Corporation

24,625.52 492.51

P-83-609

1 sl quarter Philippine Fire And Marine Insurance Corp. 24,736.50 494.79

P-83-610

lsl quarter Philippine Fire And Marine Insurance Corp. 8,716.00 87.18

P-83-611

Year 2003

Philippine Fire And Marine Insurance Corporation

4,545.00 90.90

P-83-612 Year 2003

Philippine Fire And Marine Insurance Corporation

1,695,000.00 16,950.00

P-83-613 Year 2003

Philippine Fire And Marine Insurance Corporation

11,769.00 235.38

P-83-614 Year 2003

Philippine Fire And Marine Insurance Corporation

11,894.00 118.94

P-83-615

1st quarter Philippine First Insurance Co., Inc. 13,893.50 277.87 P-83-616 4th quarter Philippine First Insurance Co., Inc. 3,179.00 63.58 P-83-617 2nd quarter

Philippine General Insurance Corporation

20,395.86 407.92 P-83-618 4th quarter

Philippine General Insurance Corporation

21,359.00 427.18 P-83-619 4th quarter

Philippine General Insurance Corporation

31,130.31 622.61 P-83-620 4th quarter

Philippine General Insurance Corporation

5,327.27 106.54

P-83-621

4th quarter

Philippine Long Distance Telephone Company

2,978,981.82 29,789.82 P-83-622 4lh quarter

Philippine Long Distance Telephone Company

133,207.39 2,664.16 P-83-623 4lh quarter

Philippine Long Distance Telephone Company

82,933.35 1,658.66 P-83-624 3rd quarter

Philippine Seven Corporation

5,118.00 102.36 P-83-625 4th quarter Philips Electronics and Lighting, Inc. 681,400.00 6,814.00 P-83-626 3rd quarter Phimco Industries Inc.

6,727.50 134.55 P-83-627 4lh quarter Phimco Industries Inc.

6,000.00 120.00

P-83-628

l sl quarter Pilipinas Kao, Inc.

13,399.64 267.99 P-83-629 2nd quarter Pilipinas Kao, Inc.

11,410.88 228.22 P-83-630 3rd quarter Pilipinas Kao, Inc.

5,949.34 118.99

P-83-631

3rd quarter Pilipinas Makro, Inc.

2,870.50 57.41 P-83-632 3rd quarter

Pioneer Insurance & Surely Corporation

66,682.79 1,333.66 P-83-633 3rd quarter

Pioneer Insurance & Surely Corporation

49,097.95 981.96 P-83-634 3rd quarter

Pioneer Insurance & Surely Corporation

1,842,259.10 18,432.60 P-83-635 4lh quarter

Pioneer Insurance & Surely Corporation

391,461.45 7,729.24 P-83-636 3rd quarter

Planters Development Bank

872,727.00 8,727.27 P-83-637 4th quarter

Pnoc Energy Development Corporation

1,688,182.00 33,763.64 P-83-638 4th quarter

Pnoc Energy Development Corporation

1,688,182.00 50,645.46 P-83-639 4th quarter

PNOC Energy Development Corporation

872,727.33 17,454.55 P-83-640 4lh quarter

PNOC Energy Development Corporation

872,727.33 26,181.82

P-83-641

3rd quarter Psi Technologies, Inc.

116,525.46 1,165.26 P-83-642 4lh quarter Psi Technologies, Inc.

152,504.28 1,525.05 P-83-643 3rd quarter Quaker Oats Asia, Inc. - Philippine Branch 4,140.50 82.81 P-83-644 2nd quarter Reckill Benckiser (Philippines), Inc. 3,583.50 71.67 P-83-645 3rd quarter Reckill Benckiser (Philippines), Inc. 17,779.00 355.58 P-83-646 4th quarter Reckill Benckiser (Philippines), Inc. 14,317.50 286.35 P-83-647 4th quarter

Rfm Corporation

38,225.40 382.25 P-83-648 4th quarter Rilemed Phils., Inc.

2,989.00 59.78 P-83-649 4th quarter Rilemed Phils., Inc.

3,870.00 38.70

P-83-650

Robinson Land Corporation

6,431.00 128.62

P-83-651

Robinson Land Corporation

57,826.50 1,156.53

P-83-652

1 sl quarter

Rockwell Land Corporation

19,688.50 393.77

P-83-653

1 sl quarter

Rockwell Land Corporation

19,688.50 393.77 P-83-654 2nd quarter

Rockwell Land Corporation

25,350.50 507.0.1 P-83-655 2nd quarter

Rockwell Land Corporation

14,261.50 285.23 P-83-656 2nd quarter

Rockwell Land Corporation

25,350.50 507.01 P-83-657 3rd quarter

Rockwell Land Corporation

30,832.00 616.64 P-83-658 3rd quarter

Rockwell Land Corporation

1,772,727.00 17,727.27 P-83-659 3rd quarter

Rockwell Land Corporation

45,987.50 919.75 P-83-660 3rd quarter

Rockwell Land Corporation

30,832.00 616.64

P-83-661

3rd quarter

Rockwell Land Corporation

524,000.00 5,240.00 P-83-662 3rd quarter

Rockwell Land Corporation

45,987.50 919.75 P-83-663 4lh quarter

Rockwell Land Corporation

313,918.50 6,278.37 r 10 CTA Case No. 8638 Annex A Honda Cars Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Amount of Income Amount of

Exhibit

No. Period Covered Payor Payment Taxes Withheld P-83-664 [4th quarter Rockwell Land Corporation 524,000.00 P-83-665 [4th quarter Rockwell Land Corporation 317,619.50 P-83-666 {4th quarter Rockwell Land Corporation 313,918.50 oe quarter Rockwell Land Corporation 1,772,727.00 P-83-668 {4th quarter Rockwell Land Corporation 317,619.50 P-83-669 [4th quarter Rockwell Land Corporation 313,918.50 P-83-670 {4th quarter P-83-671 |4th quarter P-83-672 |2nd quarter

Rockwell Land Corporation

Rockwell Land Corporation

Rockwell Land Corporation - Power Plant Mall

524,000.00 317,619.50 14,261.50 5,240.00 6,352.39 285.23 P-83-673 [4th quarter S.C. Johnson & Son, Inc. 1,855,409.09 P-83-674 | 1st quarter Sagara Metro Plastics Industrial Corporation 2,042.00 20.42 P-83-675 {3rd quarter Sagara Metro Plastics Industrial Corporation 7,627.00 76.27 P-83-676 |4th quarter Sagara Metro Plastics Industrial Corporation 2,554.00 51.08

P-83-677

P-83-678

P-83-679

P-83-680 |2nd quarter P-83-681 {2nd quarter P-83-682 |3rd quarter ist quarter Isl quarter

San Miguel Corporation

San Miguel Corporation

San Miguel! Corporation

San Miguel Corporation

San Miguel Corporation

San Miguel Corporation

3,014.85 11,449.50 28,114.00 17,584.50 48,073.50 7,428.00 P-83-683 |3rd quarter San Miguel Corporation 24,376.00 243.76 P-83-684 |4th quarter San Miguel Corporation 948,181.82 18,963.64 P-83-685 |4th quarter San Miguel Corporation 14,908.74 298.18 P-83-686 j4th quarter San Miguel Corporation 11,428.00 228.56 P-83-687 |4th quarter San Miguel Corporation 27,278.00 P-83-688 |Year 2003 San Miguel Corporation 967,927.32 19,358.55 | _P-83-689 [Year 2003 San Migue! Corporation 1,158,764.63 23,175.23 P-83-690 San Miguel Corporation - Beer Division 20,314.50 406.29 P-83-691 |4th quarter San Miguel Corporation Smpp Division Office 4,517.70 90.35 P-83-692 {3rd quarter Sanofi-Synthelabo Philippines, Inc. 13,698.98 273.99 P-83-693 {3rd quarter Sanofi-Synthelabo Philippines, Tnc. 15,339.38 153.39

P-83-694

P-83-695

P-83-696

P-83-697

P-83-698

P-83-699

2nd quarter 2nd quarter 2nd quarter 2nd quarter 4th quarter 4th quarter 111.54 70.70

Sara Lee Philippines Inc

Sara Lee Philippines Inc

Sara Lee Philippines Inc

Sara Lee Philippines Inc

Sara Lee Philippines Inc

Sara Lee Philippines Inc

11,154.00 3,535.00 3,492.50 16,316.50 38,641.00 P-83-700 {2nd quarter Sara Lee Philippines Inc. 983,834.00 P-83-701 |2nd quarter Sara Lee Philippines Inc. 8,720.00 P-83-702 [4th quarter Sara Lee Philippines Inc. 616,479.00 P-83-703 |4th quarter Sara Lee Philippines Inc. 5,724.00 114.48 P-83-704 | 1st quarter Sara Lee Phils., Inc. (Branded Apparel Div.) 6,858.00 137.16 P-83-705 {3rd quarter Sara Lee Phils., Inc. (Branded Apparel Div.) 5,900.50 118.01

P-83-706

P-83-707

P-83-708

P-83-709

P-83-710

P-83-711

3rd quarter 4th quarter 4th quarter Sara Lee Phils., Inc. (Branded Apparel Div.) 1,313,033.00 13,130.33 Sarimanok Feeds Company, Inc. 3,118.50 Sarimanok Feeds Company, Inc. 10,674.00 106.74 Schering Plough Corporation 10,884,393.00 108,843.93 Science Park Of The Phils., Inc. 8,429.62 168.60 Science Park Of The Phils., Inc. 17,204.14 344.09 Science Park Of The Phils., Inc.

Seaboard-Eastern Insurance Co., Inc. 76,690.50 1,533.81 Seaboard-Easlern Insurance Co., Inc. 57,073.00 570.73 Selecta Wall'S Inc. 212,643.27 4,252.87 Selecta Wall'S Inc. 13,791.62 137.91 Selecta Wall's Inc. 52,029.66 1,040.59 {st quarter 2nd quarter

P-83-715

2nd quarter 3rd quarter 3rd quarter 4th quarter Servier Philippines, Inc. 773.00 7.73 P-83-719 |4th quarter Servier Philippines, Inc. 183,185.50 3,663.71 4th quarter Servier Philippines, Inc. 1,746 ,648.00 17,466.48 4th quarter Sgs Philippines, Inc. 272,272.50 5,445.45 2nd quarter Shangri-La Plaza Corporation 17,168.00 343.36 3rd quarter Shangri-La Plaza Corporation 76,581.00 1,531.62 4th quarter Siemens Inc 9,894.50 197.89 4th quarter Siemens Inc 1,148,943.00 11,489.43 4th quarler Siemens Inc 1,411.50 28.23

P-83-722

P-83-723

P-83-724

P-83-725

P-83-726

P-83-727 |4th quarter Siemens Inc 5,895.00 58.95 P-83-728 | {st quarter Siemens Inc. 7,545.00 150.90 P-83-729 |2nd quarter Siemens Inc. 1,106.50 22,13 P-83-730 {3rd quarter Siemens Inc. 6,179.50 123.59 y 11 CTA Case No. 8638 Annex A Honda Cars Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Amount of Income Amount of

Exhibit i No. Period Covered Payor Payment Taxes Withheld P-83-731 {3rd quarter Siemens Inc. 10,154.00 101.54 5,955.00 119.10 P-83-732 |3rd quarter Siemens Inc.

P-83-733 {3rd quarter Siemens Inc. 9,310.00 93.10 P-83-734 |4th quarter Siemens Inc. 11,228.00 224.56 P-83-735 |4th quarter Siemens Inc. 13,307.00 P-83-736 |4th quarter Siemens Inc. 3,416.00 68.32 P-83-737 /4th quarter Siemens Inc. 11,266.00 112.66 P-83-738 {4th quarter Smart Communications, Inc. 555,818.18 5,558.18 2nd quarter Smithkline Beecham Research, Ltd. 4th quarter Sonoma Services Inc.

3rd quarter Sony Philippines, Inc. 78,137.00 P-83-743 {4th quarter Sony Philippines, Inc. 185,475.50 2nd quarter Sun Life of Canada (Philippines) Inc. 1,086,790.91 P-83-745 {4th quarter Sun Life Of Canada (Philippines), Inc. 23,777.50 Isl quarter Supply Oilfield Services, Inc. 18,064.50 4th quarter Supply Oilfield Services, Inc. 53.13 | P-83-748 [Year 2003 Symrise, Inc.

2nd quarter Syngenta Philippines, Inc. 1,059.68 3rd quarter Syngenta Philippines, Inc. 34,187.50 683.75 P-83-751. |4th quarter Syngenta Philippines, Inc. 70,675.00 1,413.50 | _P-83-752 [4th quarter Syngenta Philippines, Inc. Ist quarter The Andresons Group, Inc. 10,864.00 P-83-754 [2nd quarter The Andresons Group, Inc. 38,477.00 P-83-755 |4th quarter P-83-756 |1sl quarter P-83-757 |2nd quarter P-83-758 |3rd quarter P-83-759 {2nd quarter 4th quarter P-83-761 |4th quarter P-83-762 {3rd quarter P-83-763 |4th quarter P-83-764 |4th quarter The Andresons Group, Inc.

The Church Of Jesus Christ Of Lalter-Day Saints

The Church Of Jesus Christ Of Latter-Day Saints

The Church Of Jesus Christ Of Latter-Day Saints

The First Nationwide Assurance Corporation

The First Nalionwide Assurance Corporation

The Hongkong and Shanghai Banking Corporation Limited

The Mercantile Insurance Co. Inc.

The Mercantile Insurance Co., Inc The Philippine American Life And General Insurance Company 29,009.00 14,781.38 3,148.76 13,062.50 18,762.55 77,855.25 895,195.00 92,084.02 302,248.39 1,403,200.91 290.09 |} sae 1,841.68 6,044.97 14,032.01 P-83-765 |3rd quarter The Philippine American Life And Generai Insurance Corporation 1,403,200.91 14,032.01 P-83-766 | isl quarter The Purefoods-Hormel Company, Inc. 11,325.00 226.50 ThePhilippine American Life and Gen Ins. Cmpy Tupperware Philippines Inc.

Tupperware Philippines Inc.

2nd quarter Ist quarter 1st quarter 515,454.55 5,154.55 5,373.50 2,099.00 P-83-770 {2nd quarter Tupperware Philippines, Inc. 12,573.50 P-83-771 |2nd quarter Tupperware Philippines, Inc. 55,151.00 P-83-772 |4th quarter Tupperware Philippines, Inc. 9,326.00 P-83-773 |4th quarter Tupperware Philippines, Inc. 21,516.00 P-83-774 |4th quarter Ucb Philippines, Inc. 10,439.50 208.79 P-83-775 |3rd quarter Ucpb Leasing And Finance Corporation 1,269,545.00 12,695.45 Unilab Nutritionals Inc.

Union Cement Corporation

United Coconut Planters Bank

United Coconut Planters Life Assurance Corp. United Laboratories Inc.

Uniled Laboratories Inc.

United Laboratories, Inc.

United Laboratories, Inc.

54,163.50 556,926.09 15,263.99 56,299.42 79,506.00 125,278.00 6,831.50 33,808.00 1,083.27 277.52 1,126.02 1,590.12 1,252.78 136.63 338.08 P-83-776 |4th quarter P-83-777 [4th quarter P-83-778 |4th quarter

P-83-779 |Year 2003

P-83-780 |2nd quarter P-83-781 |2nd quarter P-83-782 {3rd quarter P-83-783 |3rd quarter P-83-784 {4th quarter United Laboratories, Inc. 97,639.00 1,952.78 P-83-785 |4th quarter United Laboratories, Inc. 39,450.00 394.50 P-83-786 |4th quarter Uniled Laboratories, Inc. 50,263.00 1,005.26 P-83-787 |4th quarter Uniled Laboratories, Inc. 107,940.00 1,079.40 United Overseas Bank Philippines 448,182.00 4,481.82 P-83-788 |4th quarter P-83-789 {4th quarter Univet Agricultural Products, Inc. 7,385.00 4th quarter Univel Agricultural Products, Inc. 20,439.00 204.39 P-83-791 |4th quarter Westmont Pharmaceuticals, Inc. 24,560.50 491.21 P-83-792 {4th quarter Westmont Pharmaceuticals, Inc. 49,789.00 497.89 P-83-793 |3rd quarter Wrigley Philippines, Inc. 751,818.00 7,518.18 P-83-794 /4th quarter Wyeth Philippines, Inc. 2,034.00 40.68 P-83-795 |4th quarter Wyeth Philippines, Inc. 5,078,646.00 50,786.46 P-83-796 |4th quarter Zobel De Ayala Patricia Miranda 4,815.42 96.31 P-83-797 |4th quarter Zobel De Ayala, Fernando, Miranda 956.25 19.13 / 12 CTA Case No. 8638 Annex A Honda Cars Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Amount of Income Amount of

Exhibit .

No. Period Covered Payor Payment Taxes Withheld P-83-798 |4th quarter Zuellig Pharma Corporation 617,636.00 6,176.36 P-83-799 |3rd quarter Zurich Genera! Insruance Phils., Tne. 26,993.17 539.86 P-83-800 | 1st quarter Zurich General Insurance Corporation 19,693.11 393.86 P-83-801 |2nd quarter Zurich General Insurance Corporation 52,121.49 P-83-802 |3rd quarter Zurich General Insurance Corporation 61,584.41 1,231.69 P-83-803 [4th quarter Zurich General Insurance Corporation 143,510.00 P-83-804 | 1st quarter Zurich General Insurance Phils Inc. 386,592.49 7,731.85 P-83-805 |ist quarter Zurich General Insurance Phils Inc. 16,381.47 P-83-806 {2nd quarter Zurich General Insurance Phils Inc. 37,859.51 P-83-807 |3rd quarter Zurich General Insurance Phils Inc. 40,787.78 P-83-808 [4th quarter Zurich General Insurance Phils Inc. 103,438.48 2,068.77

b. Rental Income 2003* P-83-2695 |4th quarter Globe Telecom Inc. (Formerly Gmcr, Inc.) 228,663.20 P-83-2696 |3rd quarter Globe Telecom Inc. (Formerly Gmcr, Inc.) 233,503.20 11,675.16 462,166.40 23,108.32

c. Income Received as Insurance Agent

P-83-2703

P-83-2704

P-83-2705

P-83-2706

P-83-2707

P-83-2708

97,474.70 28,186.40 2,589.40 24,871.70 158,380.70 229,206.11 9,747.47 2,818.64 258.94 2,487.17 15,838.07 22,920.61 2nd quarter Ist-4th quarter Ist quarter 2nd quarter Ist-4th quarter

Colf Auto Rental Corporation

First Lepanto-Taisho Tnsurance Corporation

Maa General Assurance Phils., Inc.

Maa General Assurance Phils., Inc.

Paramount Life And General Insurance Corporation

People'S General Insurance Corporation

2003* 2nd quarter ist quarter Ist-4th quarter ist-4th quarter 2nd quarter 3rd quarter 3rd quarter

P-83-2709

P-83-2710

P-83-2711

P-83-2712

P-83-2713

P-83-2714

P-83-2715

8,226.36 903,109.29 657,557.94 657,557.94 856,964.69 136,039.97 2,302,447.37 8,226.36 90,310.93 65,755.79 65,755.79 85,696.47 13,604.00 230,244.74

Allied Banking Corporation

Bpi/Ms Insurance Corporation

BPI/MS Insurance Corporation

BPT/MS Insurance Corporation

Bpi/Ms Insurance Corporation

BPI/MS Insurance Corporation

Bpi/Ms Tnsurance Corporation

P-83-2716 |4th quarter BPT/MS Insurance Corporation 41,540.33 4,154.03 P-83-2717 |4th quarter Bpi/Ms Insurance Corporation (930,886.05) (93,088.61)

P-83-2718

P-83-2719

P-83-2720

P-83-2721.

P-83-2722

P-83-2723

P-83-2724

P-83-2725

P-83-2726

P-83-2727

P-83-2728

4th quarter Ist-4th quarter 4th quarter Ist-4th quarter 4th quarter 2nd quarter 3rd quarter 4th quarter 4th quarter 4th quarter 3rd quarter 91,629.60 21,857.15 5,64 1,894.07 94,472.92 12,274.90 3,342.60 3,883.50 36,484.50 43,886.44 64,342.51 119,689.85 9,162.96 2,185.71 564,189.41 9,472.92 1,227.49

Colf Auto Rental Corporation

First Lepanto-Taisho Insurance Corporation

Honda Cars Cebu Inc

Mafre Asian Insurance Corporation

Malayan Insurance Co., Inc.

Metro Rail Transil Corporation

Metro Rail Transit Corporation

Paramount Life & General Insurance Corporation

Peoples General Insurance Corporation

Peoples General Insurance Corporation

People's General Insurance Corporation

388.35 3,648.45 4,388.64 6,434.25 11,968.99 P-83-2729 [4th quarter People'S General Tnsurance Corporation 201,399.46 P-83-2730 |4th quarter People'S General Insurance Corporation 170,170.99 17,017.10 P-83-2731 {4th quarter People’S General Insurance Corporation 144,582.48 P-83-2732 |4th quarter People'S General Insurance Corporation 144,958.43 14,495.84

P-83-2733

P-83-2734

P-83-2735

P-83-2736

134,861.67 38,113.64 159,912.68 820,000.00 13,486.17 3,811.36 15,991.27 8,200.00 4th quarter 4th quarter 4th quarter

People'S General Insurance Corporation

People'S Genera! Insurance Corporation

Peopie'S General Insurance Corporation

Philam Plans, Inc.

P-83-2737 |4th quarter Standard Insurance Co., Inc. 494,324.86 49,432.48 P-83-2738 {4th quarter Standard Insurance Co., Inc. 126,367.11] 12,636.71 P-83-2739 |4th quarter The Insular & HTH General Insurance Company Inc. 149,323.30 14,932.33 426,808.70 523,661.90 181,936.00 42,680.87 52,366.19 18,193.60 P-83-2740 |4th quarter The Insular & Hih General Insurance Company,Inc P-83-2741 | 1st-4th quarter Zenith Insurance Corporation P-83-2742 |2nd-4th quarter Zenith Insurance Corporation P-83-2743 |4th quarter Zenith Insurance Corporation 9,232.44 P-83-2744 Zenith Insurance Corporation 322,589.60 32,258.96 P-83-2745 |2nd quarter Zenith Insurance Corporation 179,349.40 17,934.94 15,617,709.51 1,495,400.29

d. Miscellaneous - Income Payments made by Credit Card Companies to any Business Enity 2002* P-83-2850 Re quarter — Diners International Corp + 442,384.75 2,215.55 13 CTA Case No. 8638 Annex A Honda Cars Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Amount of Income Amount of

P-83-2889 | 1st quarter Metrobank Card Corporation 47,410.00 237.05

Exhibit :

No. Period Covered Payor Payment Taxes Withheld |_| P-83-2851 [4th quarter Bpi Card Finance Corporation 576,648.00 H ase aa | Po |_| P-83-2852 [4th quarter American Express International 158,264.51 788.03 a ee aware | American Express International 436,751.03 2,174.67 |_| P-83-2854 [4th quarter American Express International, Tnc 453,813.33 2,259.62 |_| P-83-2855 [4th quarter |Bankard, Tne / Rebe - Jcb 69,670.31 |_| P-83-2856 jist quarter =———S—S—S—S=«S[ Bp Carr Finance Corporation 383,042.00 |_[ P-83-2857 [2nd quarter Bpi Card Finance Corporation |_| P-83-2858 [3rd quarter Bpi Card Finance Corporation |_| P-83-2859 [3rd quarter Bpi Card Finance Corporation 691,476.00 Hee 3rd quarter Bpi Card Finance Corporation |_| P-83-2861 [4th quarter Bpi Card Finance Corporation 2,405,170.00 |_| P-83-2862 [4th quarter Bpi Card Finance Corporation 50,830.00 Ee 4th quarter Bpi Card Finance Corporation 2,153,002.00 P-83-2864 [4th quarter Bpi Card Finance Corporation |_| P-83-2865 |4th quarter Bpi Card Finance Corporation 592,692.00 Z P-83-2866 [4th quarter Bpi Card Finance Corporation 1,143,440.00 P-83-2867 |4th quarter Bpi Card Finance Corporation 55,494.00 277.47 sel 4th quarter Bpi Card Finance Corporation 81,072.00 P-83-2869 |3rd quarter Citibank 3,465,790.57 17,328.69 |_| P-83-2870 [4th quarter 2,848,664.98 14,243.13 [| P-83-2871 [4th quarter |_| P-83-2872 [4th quarter |_| P-83-2873 [4th quarter [Citibank |_| P-83-2874 [4th quarter 209,296.95 P-83-2875 [4th quarter 5,762,272.10 28,811.02 P-83-2876 [4th quarter 371,778.41 1,858.82 P-83-2877 [4th quarter 68,947.17 344.70 P-83-2878 [4th quarter 66,799.25 333.98 |_| P-83-2879 [4th quarter 4,167,859.44 20,839.04 | P-83-2880 [4th quarter 49,428.19 247.12 P-83-2881 [4th quarter Citibank |_| P-83-2882 [4th quarter Equitable Card Network, Inc (Amexco) 36,662.90 |_| P-83-2883 [4th quarter Equitable Card Network, Inc (Amexco) 17,374.50 |_| P-83-2884 [4th quarter [Equitable Card Network, Inc. |_| P-83-2885 [4th quarter [Equitable Card Network, Inc. P-83-2887 |4th quarter Hongkong & Shanghai Banking Corp. Ltd. |_| P-83-2888 [4th quarter Hongkong & Shanghai Banking Corp. Ltd. 9,560,590.00 P-83-2890 |1st-4th quarter Metrobank Card Corporation 14,148.00

P-83-2891 |Year 2003 Metrobank Card Corporation

|_| P-83-2892 |2nd quarter Security Diners International Corp. 2,480,508. 10 |_| P-83-2893 [4th quarter ==——————S—SS=«& Securrilly Diners International Corp. 2,496,835.25 |_| P-83-2894 [4th quarter Security Diners International Corp. 520,973.26 2,609.20 |_| P-83-2895 [4th quarter Security Diners Tnternational Corp. 357,246.38 1,789.66 65, 255,519.98 326,582.31 sub-total 384,739,605.04 | 5,346,202.93

2. CWT supported with CWTC but name of payee not ligible |_| P-83-2753 [2nd quarter BPT/MS Insurance Corporation 874,264.02 Pf sub-total

Po

3. Supported with CWTs but period of coverage not indicated P-83-2800 Standard Insurance 210,828.48 31,624.27 P-83-2801 |2nd quarter Standard Insurance 105,197.81 10,519.78 P-83-2802 {3rd quarter Standard Insurance 57,631.39 5,763.14 4th quarter Standard Insurance Co. Inc. 296,452.03 29,645.20 Standard Insurance Co. Inc.

Standard Insurance Co. Inc.

Standard Insurance Co. Inc.

Standard Insurance Co. Inc.

Standard Insurance Co. Inc.

Standard Insurance Co. Inc.

P-83-2804 |4th quarter

P-83-2805

P-83-2806

P-83-2807

P-83-2808

P-83-2809

103,600.51 10,360.05 166,159.64 112,499.61 11,249.96 112,444.91 145,661.21 14,566.12 Standard Insurance Co. Inc. 162,572.99 16,257.30 a P-83-2811 | 1st quarter Standard Insurance Co., Inc. 206,894.47 20,689.44 a P-83-2812 | 1st quarter Standard Insurance Co., Inc. 172,818.62 17,281.86 |_| P-83-2813 | 1st quarter Standard Insurance Co., Inc. 38,513.36 3,851.33 P-83-2814 | 1st quarter Standard Insurance Co., Inc. 117,745.33 11,774.53 y 14 CTA Case No. 8638 Annex A Honda Cars Makati, Inc. vs. CIR Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Amount of Income Amount of

Period Covered Payor Payment Taxes Withheld

|_| P-83-2815 | ist quarter Standard Insurance Co., Inc. 127,040.54 12,704.05 |_| P-83-2816 [2nd quarter Standard Insurance Co., Inc. |_| P-83-2817 |2nd quarter Standard Insurance Co., Inc. 46,987.41 SS Standard Insurance Co., Inc. 73,001.22 |_| P-83-2819 [3rd quarter =—=——————S——«&[ Standard Insurance Co., Inc. 151,365.07 |_| P-83-2820 [3rd quarter Standard Insurance Co., Inc. 159,976.34 15,997.63 |_| P-83-2821 [3rd quarter Standard Insurance Co., Inc. 537,943.20 |_| P-83-2822 [3rd quarter Standard Insurance Co., Inc. 117,037.80 17,555.67 |_| P-83-2823 [3rd quarter Standard Insurance Co., Inc. 148,213.97 |_| P-83-2824 [3rd quarter Standard Insurance Co., Inc. 93,808.07 ee 3rd quarter Standard Insurance Co., Inc. P-83-2826 |4th quarter Standard Insurance Co., Inc. 529,054.41 | | P-83-2831{ == Standard Insurance Co., Inc. 24,469.31 |_| P-83-2832 Standard Insurance Co., Inc. 277 382.56 —————— Standard Insurance Co., Inc. 537,943.20 53,794.32 P-83-2834 Standard Insurance Co., Inc. 194,188.35 P-83-2835 Standard Insurance Co., Inc. 30,661.76 3,066.18 P-83-2836 |2nd quarter Standard Insurance Co., Inc. 422,750.00 42,275.00 || Pe Ist quarter Allied Banking Corporation - Head Office 817,273.00 sub-total 7,298,300.85

Ld

TOTAL DISALLOWANCES - CY 2004 392,912,169.91 6,111,015.30

2005 Disallowances

1. CWTs prior to 2004 actually received in 2005 | |a. Sales of Goods and Services 4th quarter Home Development Mutual Fund (PAG-IBIG Fund) | 4th quarter Home Development Mutual Fund (PAG-IBIG Fund) a 4th quarter Home Development Mutual Fund (PAG-TBIG Fund) 4th quarler Home Development Mutual Fund (PAG-IBIG Fund) 4th quarter Home Development Mutual Fund (PAG-IBIG Fund) 13.75 4th quarter Home Development Mutual Fund (PAG-IBIG Fund) 4th quarter Malayan Insurance Co., Inc. 55,983.00 1,119.66 4th quarter Orix Metro Leasing and Finance Corporation 5,577,475.00 55,774.75 + 4th quarter Coca - Cola Bottlers Philippines Inc. 267,720.00 5,277.13 a P-79-10 j4th quarter Department of Energy 86,135.00 1,722.70 a 3rd quarter Development Bank of the Philippines 36,350.93 727.02 | Ree 3rd quarter Honda Cars Cebu, Inc. 3,983,289.00 P-79-13 [4th quarter Honda Cars Cebu, Inc. 3,100,894 .93 P-79-14 Malayan Insurance Co., Inc. 14,294.00 isl quarter Malayan Insurance Co., Inc. 15,057.00 P-79-16 {2nd quarter Penn Philippines, Inc. 24,431.00 13,165,678.86 136,469.15

b. Income as insurance agents P-79-2523 |2nd quarter MAA General Assurance Phils., Inc.

2003* Pp

|_| P-79-2524 [1st quarter Colf Auto Rental Corporation 3,187.40 318.74 |_| P-79-2525 [2nd quarter Colf Auto Rental Corporation 90.91 |_| P-79-2526 [3rd quarter Coif Auto Rental Corporation |_| P-79-2527 |2nd quarter ===—=—~—_—«s[ Paramount Life & General Insurance Corporation 74,653.40 82,542.30 sub-total 13,248,221.16 144,723.38

2. CWTs found by ICPA to be arising from 2005 but actually covers periods prior to 2004 and 2005 2002* | P-79-1411 {1st quarter Honda Parts Manufacturing Corporation 2,164,546.00 21,645.46 | [| 2003* |_| P-79-1908 |4th quarter Pfizer, Inc. 4,906,567.00 49,065.67 P-79-2090 | 1st quarter Sanofi-Synthelabo Phils Inc. 2,220,223.00 22,202.23 P-79-2434 |4th quarter Honda Cars Cebu, Inc. 5,641,894.07 564,189.41 P-79-1470 [3rd quarter Insular Life Savings & Trust Company 609,000.00 P-79-1905 |2nd quarter Pfizer, Inc. 5,896.00 P-79-1906 |2nd quarter Pfizer, Inc. 108,331.00 Ree 4th quarter Pfizer, Inc. 36,997.00 |_| P-79-2259 |3rd quarter Targel Display Co., Inc. 13,597.81 | P-79-2262 |2nd quarter The Coca ~ Cola Export Corporation 567,000.00 11,340.00 CfA Case No. 8638 1\nncx 1\ Honda Cars Makati, Inc. vs. CIR i Schedule of Additional CWT Disallowances for CYs 2004, 2005 and 2007

Exhibit

Amount of Income

Amount of

No.

Period Covered

Payor

Payment

Taxes Withheld

P-79-2389 1st quarter Veolia Water Phils., Tnc.

8,161.00 163.22

P-79-631

2nd quarter

Banco Filipino Savings and Mortgage Bank

39,408.16 788.17 sub-total 16,321,621.04 677,143.66

TOTAL DISALLOWANCES- CY 2005

29,569,842.20 821,867.04

2007 Disallowances

1. CWTs duplicated from those already claimed P-71-3575 1st-4th quarter

Mapfre Tnsular Tnsurance Corporation

2,183,904.56 327,587.27 P-71-3582 3rd quarter

Mapfre Tnsular Tnsurance Corporation

222,759.42 33,413.91 P-71-3584 4th quarter

Mapfre Tnsular Tnsurance Corporation

241,098.61 36,164.79

TOTAL DISALLOWANCES- CY 2007

2,647,762.59 397,165.97

TOTAL DISALLOWANCES PER THIS COURT'S VERIFICATION

425,129,774.70 7,330,048.31 v 16