C04660-2018

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Jul 6, 2018
2. SEC Identification Number
166878
3. BIR Tax Identification No.
000460602000
4. Exact name of issuer as specified in its charter
Grand Plaza Hotel Corporation
5. Province, country or other jurisdiction of incorporation
Pasay City, Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
10F Heritage Hotel Manila, EDSA Extension corner Roxas Boulevard, Pasay City Postal Code 1300
8. Issuer's telephone number, including area code
02-8548838
9. Former name or former address, if changed since last report
-
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Stocks 87,318,270
11. Indicate the item numbers reported herein
-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Grand Plaza Hotel CorporationGPH

PSE Disclosure Form 4-26 - Legal Proceedings References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Grand Plaza Hotel Corporation- Dismissal by the Court of Tax Appeals of Court of Tax Appeals Case No. 8992 (Grand Plaza Hotel Corporation vs. Commissioner of Internal Revenue

Background/Description of the Disclosure

Please be informed that today, July 6, 2018 Grand Plaza has received the decision rendered by the Court of Tax Appeals in CTA Case No. 8992 dismissing the Petition for Review filed by the Corporation which prayed that the tax deficiency assessment in the amount of P508,101,387.12 for fiscal year 2008 be declared null and void and be cancelled in toto.

Name of the court or agency in which the proceedings are pending Court of Tax Appeals
Date Instituted Feb 20, 2015
Docket Number 8992
Principal Parties

Grand Plaza Hotel Corporation and Bureau of Internal Revenue

Nature and description of the legal proceedings

The Corporation filed the Petition on February 20, 2015 with the CTA to invalidate the collection proceedings of the Bureau of Internal Revenue. The Petition is based on the Corporation's position, as advised by its tax counsel, that the collection proceedings initiated by the Commissioner of Internal Revenue is void because the assessments did not comply with the requirements under the law, and lacked factual and legal basis.

The effect(s) on the Issuer's business or operations, if any

n/a

Other Relevant Information

This is an update to the corporation's disclosure on June 10, 2016

Filed on behalf by:
Name Kit Sung Yam
Designation General Manager