S.A 2020/21 B.E TAXATION LAW | Question #18
 |
| SUGGESTED ANSWERS TO THE 2020/21 BAR EXAMINATIONS IN TAXATION LAW #TaxationLaw #PreviousBarQuestions Code: S.A 2020/21 B.E TAXATION LAW | Question #18 |
 |
| SHOP HERE |
A corporation received a letter of authority from the Bureau of Internal Revenue for 2015, which is also the corporation’s taxable year. By the end of 2019, the Bureau of Internal Revenue had yet to complete examining the corporation’s book.
 |
| SHOP HERE VOL. I VOL. II In January 2020, before the onset of the COVID-19 pandemic, the Bureau of Internal Revenue issued a final assessment for deficiency taxes for 2015 based on the same letter of authority. |
 |
| SHOP HERE |
The Bureau of Internal Revenue only found a deficiency in the income tax but did.not find fraud.
 |
| SHOP HERE! |
Is the assessment valid? Explain briefly.
 |
| SHOP HERE |
SUGGESTED ANSWER |
No, the assessment is invalid. Section 203 of the NIRC provides that revenue taxes shall be assessed within three years after the last day prescribed by law for the filing of the return, provided that if the return was filed beyond said period, the three-year period shall be counted from the day the return was filed.
The due date for filing the income tax return for the taxable year ending 31 December 2015 was on 15 April 2016.
 |
| 7 in 1 Premium Maca Root Capsules na may Premium Ginseng, Tribulus, at Higit Pa 8050 mgEq - Natural Energy, Performance at Mood Support - 120 Capsules SHOP HERE! |
On the assumption that the taxpayer filed and paid its income taxes on time, the three-year period for BIR to assess ended on 15 April 2019.
 |
| BBM BUWIS BAYARAN MO SHIRT SHOP HERE! |
The assessment in 2020, absent any circumstances that suspends the statute of limitations, was made beyond the prescribed period and is void.
 |
| adult magazine SHOP HERE |
What are your thoughts on the suggested answer? Please leave a comment in the section below. Thank you for your continued support and feedback.
 |
| SHOP HERE |
 |
| SHOP HERE |
 |
| SHOP HERE |
 |
| SHOP HERE |
 |
| 2023 Bar Exam Quiz Cards Reviewer for ₱150 - ₱500. |
.jpeg) |
| ▶️ Watch here |
 |
| "The series that made thousands of lawyers." SHOP HERE |
LAW BOOK FLAGS / FILING TABS
 |
Bhe, para hindi kana malito, at madali mo siyang mahanap?  Lagyan natin ng color  ang buhay mo? Este ang books  mo? |
 |
 Shop here: https://go.shopple.co/spm01iMore @ https://shopple.co/Lex-curiae Visit  "Bar techniques" : Abubot ni atorni |
 |
| SHOP HERE |
 |
| Watch HERE |
 |
| SHOP HERE |
 |
| SHOP HERE |
 |
| SHOP HERE MORE designs HERE |
 |
| Now is the time to upgrade your study table and establish a study environment. SHOP HERE! LZD: https://s.lazada.com.ph/s.6KeIS?cc SHP: https://go.shopple.co/spn8co |
 |
| No more overheating! SHOP HERE! LZD: https://s.lazada.com.ph/s.6KTde?cc SHP: https://go.shopple.co/spn8bx |
 |
| Phone screen cleaner SHOP HERE! |
 |
Save time and write with confidence. QuillBot is a paraphrasing and summarizing tool that helps millions of students and professionals cut their writing time by more than half using state-of-the-art AI to rewrite any sentence, paragraph, or article. |
 |
| SHOP HERE |
 |
| SHOP HERE |
Comments
Post a Comment