Taxation, 2011 Bar — Question 64

MULTIPLE CHOICE

Ka Tato owns a parcel of land in San Jose, Batangas declared for real property taxation, as agricultural. In 1990, he used the land for a poultry feed processing plant but continued to declare the property as agricultural. In March 2011, the local tax assessor discovered Ka Tato's change of use of his land and informed the local treasurer who demanded payment of deficiency real property taxes from 1990 to 2011. Has the action prescribed? (A) No, the deficiency taxes may be collected within five years from when they fell due. (B) No. The deficiency taxes for the period 1990 up to 2011 may still be collected within 10 years from March 2011. (C) Yes. More than 10 years had lapsed for the period 1990 up to 2000, hence the right to collect the deficiency taxes has prescribed. (D) Yes. More than 5 years had lapsed for the collection of the deficiency taxes for the period 1990 up to 2005.

You can write freely without an account. Sign in to reveal the suggested answer and track your progress.