Today

interest imposed on any deficiency tax due is called

deficiency interest
Today

surcharge on failure to pay the full or part of the amount of tax shown on any return required to be
filed
25%
Today

grounds for issuance of assessment based on best evidence obtainable

records requested are lost or refused, incomplete, false, erroneous, or not understandable
Today

judicial appeal is available if FDDA is issued by

commissioner
Today

interest imposed on the failure to pay the amount of tax due and deficiency tax is called
delinquency interest
Today

interest on deficiency and delinquency taxes was effective on

January 1, 2018 onwards
Today

interest on deficiency and delinquency taxes

12%
Today

meaning of POGO
Philippine Offshore Gaming Operators
Today

surcharge for non-registration, non-payment, underpayment, or non-withholding and remittance by

POGO entities
50%
Today

surcharge for failure to pay the deficiency tax within the time prescribed for its payment in the notice
of assessment
25% on tax deficiency found
Today
surcharge for failure to report sales, receipts, or income in an amount ______ of that declared in the
return and a claim of deductions in an amount of actual deductions, shall render the taxpayer liable
for substantial under declaration of sales, receipts or income or for overstatement of deductions
30%, 30%
Today

surcharge on false or fraudulent returns willfully made

50% of the tax or of the deficiency tax
Today

surcharge for willful neglect to file the return within the prescriptive period
50%
Today

surcharge for filing the return at wrong venue, including wrong size of printed paper or filing using
the wrong facility
25%
Today

surcharge for failure to file any return and pay the tax due
25%
Today

assessments based on estimates are prima facie void

false, valid
Today

under assessment based on estimates, the bir may apply

50% on expenditures in the absence of OR or apply the average deficiency tax assessments during
the past 2 years
Today

three methods in applying the best evidence obtainable

assessment based on estimate, networth method of investigation, expense method
Today

At the national office level for large taxpayers, the assessment process is the same as the regional
level except
CIR signs the FDDA and no more motion for reconsideration after the FDDA
Today

if the SC En Bank denied the petition for review, the taxpayer will
pay
Today

if the appeal to CTA En Banc is denied, the taxpayer may

appeal to SC Division with 15 days by petition for review
Today

if the motion for reconsideration is denied by the CTA division

appeal to CTA En Banc within 15 days from the denial of motion
Today

if the CTA division denies the petition for review, the taxpayer may file a motion for reconsideration
to the CTA division within
15 days from the receipt of denial
Today

if the CTA division denies the petition for review, the taxpayer may file a motion for reconsideration
to the
CTA division
Today

if the CTA division denies the petition for review, the taxpayer may file
motion for reconsideration
Today

after the FDDA is issued by the Commissioner, the taxpayer may go to the Court of Tax Appeals
(Division) and file a petition for review within
30 days from denial
Today

the petition that can be filed to CTA under judicial appeal

petition for review
Today

if the CIR issued the FDDA, go to

court of tax appeals
Today

a motion for reconsideration of the commissioner's denial of the protest or administrative appeal, as
the case may be shall not toll the 30-day period to appeal to the CTA
true
Today

in case of inaction, the taxpayer can appeal to the CIR within 30 days even before the lapse of 180-
day period
false, after the lapse of 180-day period
Today

the request that can be filed to CIR under administrative appeal

request for reconsideration
Today

after the FDDA is issued by the regional director, the taxpayer may go to the CIR and file a request
for reconsideration within
30 days from denial
Today

administrative appeal is available if FDDA is issued by

regional director
In 1 day

requirements for assessment based on best evidence obtainable/available

letter of authority, subpoena, and instituted criminal action
In 1 day

if SC Division denied the petition for review

appeal to SC En Banc within 30 days from denial
In 1 day

if the regional director issued the FDDA, go to

commission of internal revenue
Today

if FDDA is issued by the Commissioner, only _____ remedy is available (CTA)

judicial
Today

if FDDA is issued by Regional Director, _____ remedy is available (CIR)

administrative
Today

states that the decision is his final decision

final decision on disputed assessment
Today

if the BIR grants the request for reconsideration or reinvestigation, a new e-LOA shall be issued to
the new Revenue Officer
true
Today

the items not protested in the assessment are deemed admitted and shall become final and
executory and the BIR will issue collection letters
true
Today

the taxpayer may protest the assessment in whole or in part

true
Today

type of document reinvestigated in the request for reinvestigation

new or additional evidence
Today

request for reinvestigation required to submit documents within

60 days
Today

basis for reinvestigation

question of law or fact or both
Today

a plea for reinvestigation of an assessment based on newly discovered evidence that a taxpayer
intends to present in the reinvestigation
reinvestigation
Today

type of records re-evaluated in the request for reconsideration

existing records
Today

request for reconsideration requires submission of documents

false, no
Today

basis of reconsideration
question of law or fact or both
Today

a plea for re-evaluation of the assessment based on the existing records without the need of
additional evidence
reconsideration
Today

after the issuance of FLD/FAN, the taxpayer is required to request for:

reconsideration or reinvestigation
Today

effect of failure to protest the FLD/FAN

final and executory
Today

taxpayer MUST protest with _______ days from the receipt of the FLD/FAN
30
Today

declaration of deficiency taxes issued to a taxpayer who fails to respond to a pre-assessment notice
within the prescribed period of time, or whose reply to the PAN was found to be without merit
notice of assessment
Today

calls for payment of the taxpayer's deficiency tax or taxes

formal letter of demand/final assessment notice
Today

PAN is necessary to issue in all cases

false, there are exceptions
Today

if the taxpayer replies after the receipt of PAN, the BIR will issue FLD without consuming the 15-day
period
true
Today

if the taxpayer does not reply within 15 days from the receipt of PAN, the BIR will issue Formal Letter
of Demand after the lapse of the 15-day period
true
Today

days a taxpayer may make a reply to PAN

15
Today

taxpayer is not required to reply to PAN but may reply within 30 days from the receipt of PAN
false, within 15 days
Today

a communication issued by the Regional Assessment Division, or any other concerned BIR Office,
informing a taxpayer who has been audited of the findings of the revenue officer, following the
review of these findings.
preliminary assessment notice
Today

only a proposed assessment which is a result of the determination that there exists sufficient basis to
assess the taxpayer for any deficiency tax or taxes
preliminary assessment notice
Today

in the old rule, the one issued for notice of discrepancy is

notice of informal conference
Today

taxpayer is requested to meet for a conference with ______ from the receipt of NOD
5 days
Today

discussion of discrepancy shall in no case extend beyond

30 days from the receipt of notice of discrepancy
Today

issued allowing the taxpayer to present and explain his side

notice of discrepancy
Today

coverage of e-loa
all internal revenue taxes, vat only
Today

e-loa is still valid even if served after 30 days

true
Today

an official document that empowers a revenue officer to examine and scrutinize a taxpayer's books
of accounts and other accounting records in order to determine the taxpayer's correct internal
revenue tax liabilities
e-letter of authority
Today

days to finish vat audit

60-90
Today

days to finish office audit

90
Today

days to finish regular audit

180
Today

firs step in the assessment process

e-letter of authority
Today

process of assessment
e-loa, notice of discrepancy, preliminary assessment notice, formal letter of demand/final assessment
notice, final decision on disputed assessment
Today

places where audit may be conducted

taxpayer's office or place of business, or office of the bir
Today

will be issued if taxpayer fails to submit documents after checklist, first notice, and second notice
subpoena duces tecum/subpoena ad testificandum
Today

the following periods shall be indicated in the waiver

date of execution, expiry date, date of acceptance by the bir
Today

exceptions from the general rule of period of assessment

fraud, falsity, waiver, reinvestigation, taxpayer cannot be located, taxpayer is out of the Philippines
Today

assessment must be made within 3 years from

last day of filing of tax return prescribed by law or from the day the return was filed if filed late
Today

it shall state the facts, law, rules and regulations, or jurisprudence on which the assessment is based
otherwise the FLD/FAN shall be void
formal letter of demand/final assessment notice
Today

taxpayer is required to reply to PAN

false, not required
Today

it shall state in detail the facts and the law, rules and regulations, or jurisprudence on which the
proposed assessment is based
preliminary assessment notice
Today

e-loa need no signature from commissioner or authorized representaive

false, need signature
In 1 day

as a general rule, assessment must be made within

3 years
In 9 days

days to submit documents after checklist of requirements is served with e-loa

10
In 9 days
a taxpayer's books of accounts shall be subjected to examination and inspection
once every taxable year
In 9 days

notarization of waiver is mandatory

false, not
In 9 days

is the applicant and is charged with the burden of ensuring waiver is validly executed
taxpayer
In 9 days

if there is amendment in filing the return, the assessment starts from the amendment date
true
In 9 days

years of assessment in case of fraud and falsity

10 years
In 11 days

penalty for delayed compliance of books of accounts

10,000 pesos
In 11 days

if the taxpayer refuses to comply with subpoena duces tecum, the concerned bir legal office shall
perform the following
file a criminal case and initiate a proceeding
In 11 days

days to submit documents after issuance first and second notice is issued
10
In 11 days

waiver cannot be extended by a subsequent waiver

false, can be
In 11 days

waiver can be executed after the expiration of period to assess or collect

false, prior
In 11 days

if there is fraud, the assessment starts from the date of discovery

true
In 11 days

assessment is done by
bir
In 11 days

process of establishing, fixing, or determining the tax liability of a taxpayer

assessment