In case of denial by the Commissioner of Internal Revenue of the protest, there are no other recourse but to appeal the denial to the Court of Tax Appeals.

The power to abate/compromise may be delegated by the Commissioner of Internal Revenue to the regional evaluation board if the assessment issued by the Regional Office if the basic deficiency tax does not exceed Php500,000.

If the offered compromise payment is less than the minimum, the approval shall be through the National Evaluation Board, composed of the Commissioner and 4 deputy commissioners.

In the course of protesting the final assessment notice, submission of the supporting documents within 60 days is always required to complete the protest of the taxpayer.

An assessment without a valid letter of authority is cured by its defect by the issuance of a letter notice informing the taxpayer of the absence of the letter of authority

The Notice of Disrepancy (NOD) was received by the taxpayer on February 14, 2021. Under the rules, the discussion between the BIR and the Taxpayer must be conducted on or before:

The following is the consequence of failure to reply to the PAN within the reglamentary number of days.

One of the mode of protesting the final assessment notice is by way of submitting a motion for reinvestigation, whereby the taxpayer is required to submit the supporting documents of its protest within _____ days after submitting the protest (motion for reinvestigation).

It refers to the articulation of the absolute waiver by the sovereign of its right to collect taxes and power to impose penalties on person or entities guilty of violating a tax law.

Tax arbitrage

The following items are allowed to be compromised, except

The period for availing of the estate tax amnesty is ____ years from the effectivity of the implementing rule and regulation.

The taxpayer shall file his reply against the preliminary assessment notice (PAN) within ____ days from receipt of the PAN

Upon receipt of the Final Assessment Notice (FAN), the taxpayer is required to submit his/her/its protest against the FAN within _____ days.

It is a contract whereby the parties, be reciprocal concessions, avoid litigation or put an end to one already commence. From a tax perspective, if granted by the Commissioner of Internal Revenue, would allow a taxpayer to pay only a certain portion of the assessment.

After completion of the protest, i.e., submission of the motion for reconsideration, the taxpayer may already elevate the case to the Court of Tax Appeals after ______ days.

As provided by the Tax Code, the minimum compromise rate is ____ % if grounded on financial incapacity of the taxpaye

As it stands, the following items are proper subject of abatement, except

The assessment process starts with the following:

The letter of authority (LOA) is required to be served to the taxpayer within ____ days. Otherwise, it becomes void

It refers to the process whereby the BIR determines the amount due from a person obligated to make tax payment.

The following are the alternative actions which the Commissioner of Internal Revenue may take on the protest, except:

After 180 days from submitting the protest, the taxpayer failed to appeal the case with the Court of Tax Appeals

The properties currently possessed by Mr. C was inherited from his father, Mr. B. The aforesaid father, Mr B, likewise inherited said property from Mr. A. Upon closer scrutiny, the said property is still under the name of Mr. A, on account of the estate tax on the transfer from Mr. A to Mr. B and also the transfer from Mr. B to Mr. C, has not been paid. When Mr. C died, his heirs would like to avail of the Estate Tax Amnesty offered by the Government. How many estate tax (transfers) should they pay, under the said amnesty program?

In case of delinquency tax amnesty, the applicable rate for tax cases subject of final and executory judgment by the courts on or before the implementing rules and regulations on the delinquency tax amnesty program is

The following are not allowed to be compromised, except