3 Questions
Under the Tax Code, how long does the BIR have to conduct an assessment?
3 years
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?
10 years
For the collection of taxes, how long is the prescriptive period under Section 222 of the Tax Code?
5 years
Test your knowledge about the Statute of Limitations for tax assessment in the Philippines. Learn about the three-year period given to the BIR for conducting assessments and collections, as well as the consequences of filing a false or fraudulent return with intent to evade taxes. Take this quiz to see how well you understand the rules and regulations surrounding tax assessments in the country.
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