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The Revenue Officer who audited the taxpayer's records is required to state in the initial report of investigation his findings of discrepancies.
The Revenue Officer who audited the taxpayer's records is required to state in the initial report of investigation his findings of discrepancies.
True
A Notice of Informal Conference is prepared instead of a Notice of Discrepancy if a taxpayer is found to be liable for deficiency tax or taxes.
A Notice of Informal Conference is prepared instead of a Notice of Discrepancy if a taxpayer is found to be liable for deficiency tax or taxes.
False
The Discussion of Discrepancy can extend beyond sixty (60) days from receipt of the Notice of Discrepancy.
The Discussion of Discrepancy can extend beyond sixty (60) days from receipt of the Notice of Discrepancy.
False
The Revenue District Office is responsible for informing the taxpayer of the discrepancy or discrepancies in the taxpayer's payment of his internal revenue taxes.
The Revenue District Office is responsible for informing the taxpayer of the discrepancy or discrepancies in the taxpayer's payment of his internal revenue taxes.
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Revenue Regulations No. 22-2020 was issued on August 16, 2020.
Revenue Regulations No. 22-2020 was issued on August 16, 2020.
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RR No. 7-2018 amends certain Sections of Revenue Regulations (RR) No. 12-1999.
RR No. 7-2018 amends certain Sections of Revenue Regulations (RR) No. 12-1999.
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The taxpayer is not allowed to present his side of the case during the Discussion of Discrepancy.
The taxpayer is not allowed to present his side of the case during the Discussion of Discrepancy.
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The taxpayer has sixty (60) days to submit documents after the Discussion of Discrepancy.
The taxpayer has sixty (60) days to submit documents after the Discussion of Discrepancy.
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The investigating office will issue a Deficiency Tax Assessment in the form of a Preliminary Assessment Notice.
The investigating office will issue a Deficiency Tax Assessment in the form of a Preliminary Assessment Notice.
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The taxpayer may submit documents after the Discussion of Discrepancy within thirty (30) days after receipt of the Notice of Discrepancy.
The taxpayer may submit documents after the Discussion of Discrepancy within thirty (30) days after receipt of the Notice of Discrepancy.
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The taxpayer must agree with the discrepancy/discrepancies detected during the audit/investigation during the Discussion of Discrepancy.
The taxpayer must agree with the discrepancy/discrepancies detected during the audit/investigation during the Discussion of Discrepancy.
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The Preliminary Assessment Notice will be issued within five (5) days from the conclusion of the Discussion.
The Preliminary Assessment Notice will be issued within five (5) days from the conclusion of the Discussion.
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