1

100% of the Basic Deficiency Assessment for Expanded Withholding Tax,

Withholding Tax on Compensation, and Documentary Stamp Tax

Nature Basic Deficiency Assessment Offer of Compromise

Expanded Withholding Tax P11,081,572.17 P11,081,572.17
Withholding Tax on P71,597.04 P71,597.04
Compensation
Documentary Stamp Tax P331,576.42 P331,576.42
Total P11,484,745.63

40% of the Basic Deficiency Assessment for Income Tax

And Value-Added tax

Nature Basic Deficiency Assessment Offer of Compromise

Income Tax P22,528,759.09 P9,011,503.63
Value-Added Tax P30,467,349.62 P12,186,939.85
Total P21,198,443.48

TOTAL OFFER OF COMPROMISE:

Thirty-Two Million Six Hundred Eighty-Three Thousand One Hundred Eighty-Nine and 11/100 Pesos (Php32,683,189.11)

Computation for the 40% Offer of Compromise for Deficiency Income Tax

BASED ON THE FDDA:

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INCOME TAX
Taxable Income per Return 59,392,394.00
Adjustments
Overclaimed NOLCO 67,040,301.00
Unaccounted Expenses 4,544,566.84
Unaccounted Retirement Benefits 1,415,130.00
Unaccounted source of cash 1,966,371.99
Unaccounted salaries and wages 129,493.80
Expenses not subjected to wages 1,096,558,753.00 1,171,654,616.63
Adjusted Taxable Income 1,231,047,010.63

Tax Due thereon 369,314,103.19

Less:
Unexpired excess of prior year's CWT 4,546,069.20
Creditable w/tax 13,271,649.00 17,817,718.20
Tax Still Due 351,496,384.99
Add: Interest 442,789,144.71
Compromise Penalty 50,000.00 442,839,144.71
Total Deficiency Tax 794,335,529.70

COMPUTED AMOUNT FOR OFFER

INCOME TAX
Taxable Income per Return 59,392,394.00
Adjustments
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Overclaimed NOLCO 67,040,301.00

Unaccounted Expenses 4,544,566.84
Unaccounted Retirement Benefits 1,415,130.00
Unaccounted source of cash 1,966,371.99
Unaccounted salaries and wages 129,493.80
Expenses not subjected to wages 0.00 75,095,863.63
Adjusted Taxable Income 134,488,257.63

Tax Due thereon 40,346,477.29

Less:
Unexpired excess of prior year's CWT 4,546,069.20
Creditable w/tax 13,271,649.00 17,817,718.20
Tax Still Due 22,528,759.09
Add: Interest 442,789,144.71
Compromise Penalty 50,000.00 442,839,144.71
Total Deficiency Tax 465,367,903.80