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Court Halts BIR's 1991 Estate Tax Collection on Cojuangco Shares

8/25/2025

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Summary

Story summary

The Court of Tax Appeals instructed the Bureau of Internal Revenue (BIR) to stop collection on a 1991 estate tax assessment linked to P8.6 billion in San Miguel Corp. shares owned by Eduardo M. Cojuangco, Jr.
The court found BIR's actions arbitrary and a significant abuse of discretion, potentially affecting unrelated shareholders.
The ruling clarified that Cojuangco shares and Coconut Industry Investment Fund shares cannot be used to settle the Marcos estate's tax liabilities.
This decision is part of ongoing legal disputes regarding the Marcos estate dating back to 1991.

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Story summary

The Court of Tax Appeals instructed the Bureau of Internal Revenue (BIR) to stop collection on a 1991 estate tax assessment linked to P8.6 billion in San Miguel Corp. shares owned by Eduardo M. Cojuangco, Jr.
The court found BIR's actions arbitrary and a significant abuse of discretion, potentially affecting unrelated shareholders.
The ruling clarified that Cojuangco shares and Coconut Industry Investment Fund shares cannot be used to settle the Marcos estate's tax liabilities.
This decision is part of ongoing legal disputes regarding the Marcos estate dating back to 1991.