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Questions and Answers
Under the Tax Code, how long does the BIR have to conduct an assessment?
Under the Tax Code, how long does the BIR have to conduct an assessment?
- 3 years (correct)
- 4 years
- 2 years
- 1 year
In case of a false or fraudulent return with intent to evade tax or of failure to file a return, how long is the prescriptive period for assessment extended to?
In case of a false or fraudulent return with intent to evade tax or of failure to file a return, how long is the prescriptive period for assessment extended to?
- 7 years
- 5 years
- 10 years (correct)
- 8 years
For the collection of taxes, how long is the prescriptive period under Section 222 of the Tax Code?
For the collection of taxes, how long is the prescriptive period under Section 222 of the Tax Code?
- 5 years (correct)
- 1 year
- 3 years
- 7 years
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