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)

Jun 14, 2023

2. SEC Identification Number

14812

3. BIR Tax Identification No.

000-110-888-000

4. Exact name of issuer as specified in its charter

CHEMICAL INDUSTRIES OF THE PHILIPPINES, INC.

5. Province, country or other jurisdiction of incorporation

METRO MANILA, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

CHEMPHIL BUILDING, 851 A. ARNAIZ AVENUE MAKATI CITY Postal Code 1229

8. Issuer's telephone number, including area code

(02) 8687-8877

9. Former name or former address, if changed since last report

N/A

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 STOCK P10 PAR VALUE	10,296,601

11. Indicate the item numbers reported herein

Item 5 - Legal Proceedings

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.

Chemical Industries of the Philippines, Inc.CIP

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
Disclosure on the filing of a Motion to Suspend Collection of Taxes with the Court of Tax Appeals
Background/Description of the Disclosure
On 13 June 2023, Chemical Industries of the Philippines, Inc. ("CIP") filed a Motion to Suspend Collection of Taxes with the Court of Tax Appeals against the Commissioner of Internal Revenue.

Name of the court or agency in which the proceedings are pending	Court of Tax Appeals
Date Instituted	Sep 8, 2022
Docket Number	CTA Case No. 10979

Principal Parties
Chemical Industries of the Philippines, Inc. (Petitioner) vs. Commissioner of Internal Revenue (Respondent)
Nature and description of the legal proceedings
The Motion seeks to suspend the collection of the Final Decision on Disputed Assessment ("FDDA") dated 11 August 2022 of the Commissioner of Internal Revenue (CIR) which denied CIP’s Protest and assessed CIP of deficiency taxes in the aggregate amount of Php 25,352,699.33, inclusive of interest, surcharge, and penalties for the taxable year ending 2013 (the "Subject Assessment"), and setting aside or recalling any garnishments, distraints, or levies already effected by the Bureau of Internal Revenue, Commissioner of Internal Revenue, members of the Revenue Region Collection Division or any of their agents, and third parties, such as banks, and direct them to desist from collecting or proceeding with any efforts to collect against the Subject Assessment and respect and maintain the status quo pending the resolution of the Petition for Review before the Court of Tax Appeals (CTA).
The effect(s) on the Issuer's business or operations, if any
The premature service on CIP of a Warrant of Distraint and/or Levy dated 24 May 2023 (“WDL”) seeking to collect the Subject Assessment will jeopardize the interest of CIP as there is no final and executory assessment, in violation of CIP's right to due process.
Other Relevant Information
This amendment is being made to disclose the the filing of a Motion to Suspend Collection of Taxes with the Court of Tax Appeals.