Remedies

Who issues a Revenue Ruling or Opinion?

• Commissioner of Internal Revenue

• 1. Head Revenue Executive Assistant (HREA)

• 1. Regional Directors

These are are issuances signed by the Secretary of Finance, upon recommendation of the Commissioner of Internal Revenue, that specify, prescribe or define rules and regulations for the effective enforcement of the provisions of the National Internal Revenue Code (NIRC) and related statutes.

• Revenue Memorandum Orders

• 1. Revenue Regulations

• 1. Revenue Orders

Failure to obey summons by the BIR is an offense.

• True. It is punishable by fine and imprisonment.

• False. Obeying summons is not mandatory is nature.

All internal revenue taxes shall be assessed within three (3) years after the last day prescribed by law for the filing of the return.

• False

• True

In the case of a false or fraudulent return with intent to evade tax or of failure to file a return, the tax may be assessed, or a proceeding in court for the collection of such tax may be filed without assessment, at any time within years after the discovery of the falsity, fraud or omission:

• 10

• 5

• 3

• 1

A Tax Credit Certificate validly issued under the provisions of this Code may be applied against any internal revenue tax, excluding taxes, for which the taxpayer is directly liable.

• income

• withholding

• estate

The Commissioner can compromise the payment of any internal revenue tax, when

the financial position of the taxpayer demonstrates a clear ability to pay the assessed tax.

• False

• True

Minimum amounts of compromise rates due to financial incapacity:

• No compromise is allowed

• Ten percent (10%) of the basic assessed tax

• Forty percent (40%) of the basic assessed tax

A tax that is unjustly or excessively assessed may be ---

• compromised

• abated

• paid

If there is a reasonable doubt as to the validity of the claim against the taxpayer, the liability can be ----

• compromised

• abated

• paid