Taxation, 2012 Bar — Question 47
← TaxationMULTIPLE CHOICE
A preliminary Assessment Notice (PAN) is NOT required to be issued by the BIR before issuing a Final Assessment Notice (FAN) on one of the following cases: a) When a taxpayer does not pay the 2010 deficiency income tax liability on or before July 15 of the year; b) When the finding for any deficiency tax is the result of mathematical error in the computation of the tax as appearing on the face of the return; c) When a discrepancy has been determined between the value added tax paid and the amount due for the year; d) When the amount of discrepancy shown in the Letter Notice is not paid within thirty (30) days from date of receipt.
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