ACC 143 Q3 & PE2

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Broadly defined, this informs the taxpayer that he or she has tax liabilities.
2 points
a. Assessment
b. Investigation
c. Letter of authority
d. Litigation
Statement 1: Assessments are presumed to be correct. Statement 2; Assessments are
discretionary on the part of the Commissioner.*
2 points
a. Only Statement 1 is true.
b. Only Statement 2 is true.
c. Both statements are true.
d. Both statements are not true.
Which of the following can be the subject of a collection suit immediately, without the
need of a prior assessment?*
2 points
a. Delinquency tax
b. Deficiency tax
c. Both a and b
d. Neither a nor b
It is an official document that empowers a Revenue Officer (RO) to examine and
scrutinize a taxpayer's books of accounts and other accounting records, in order to
determine the taxpayer's correct internal revenue tax liabilities.*
2 points
a. Preliminary Assessment Notice (PAN)
b. Warrant of Inspection (WOI)
c. Letter of Authority (LA)
d. Arrest Warrant (AW)
In which of the following cases will a PAN not be required?*
2 points
a. There is deficiency income tax due.
b. There is a mathematical error in the computation of taxes.
c. In cases involving documentary stamp tax
d. When there is discrepancy between tax payable and tax due
A Final Assessment Notice (FAN) shall be issued within after the expiration of the
period to file the reply to the PAN or after receipt of reply to the PAN.*
2 points
a. Ten (10) days.
b. Fifteen (15) days.
c. Twenty (20) days.
d. Thirty (30) days.
Within how many days should a taxpayer protest to the FAN?*
2 points
a. Ten (10) days.
b. Fifteen (15) days.
c. Twenty (20) days.
d. Thirty (30) days.
Within how many days must additional supporting documents be submitted?*
2 points
a. Fifteen (15) days from filing of a request for reinvestigation.
b. Thirty (30) days from filing of a request for reinvestigation.
c. Sixty (60) days from filing of a request for reinvestigation.
d. Ninety (90) days from filing of a request for reinvestigation.
It is the decision of the Commissioner of Internal Revenue on the protest of the taxpayer
against an assessment.*
2 points
a. Final decision on disputed Assessment (FDD A)
b. Final Decision on Contested Assessment (FDCA)
c. Final Decision on Protested Assessment (FDPA)
d. Final Decision on Questioned Assessment (FDQA)
Which of the following is a ground for compromise?*
2 points
a. Tax return of the taxpayer has been lost.
b. The prescriptive period to assess taxes has already expired.
c. a reasonable doubt as to the validity of the claim against the taxpayer exist
d. The taxpayer IS out of the country and cannot be served with summons by the government.
In criminal tax cases, compromise should be made:*
2 points
a. Before institution of criminal action
b. Before arraignment
c. Before conviction of a violation of tax laws
d. Before imprisonment
When the administration and collection costs involved do not justify the collection of the
amount due, the tax due may be:*
2 points
a. Compromised
b. Abated
c. Surcharged
d. Cancelled
What is the prescriptive period in cases of fraudulent filing?*
2 points
Ten (10) years from due date or actual filing, whichever is earlier.
Ten (10) years from due date or actual filing, whichever is later.
Ten (10) years from discovery of fraud.
Ten (10) years from commission of fraud.
Harry Potter Company filed its donor's tax return for a donation made on March 1, 2020,
on March 20, 2020. On April 13, 2020, Harry Potter Company filed an amended donor's
tax return declaring a gross gift which is 40% greater than the previously declared gross
gift. When is the last day for BIR to assess Harry Potter Company for deficiency donor's
tax assuming there is no fraud?*
2 points
a. March 1, 2023.
b. March 20, 2023.
c. March 31, 2023.
d. April 13, 2023.
Statement 1: If the taxpayer cannot be located in the address given to him in his return,
the period of prescription is tolled. Statement 2: If the taxpayer is out of the Philippines,
the period of prescription is tolled.*
2 points
a. Only Statement 1 is true.
b. Only Statement 2 is true.
c. Both statements are true.
d. Both statements are not true.
Statement 1: A void assessment renders the FDDA void. Statement 2: A void FDDA
renders the assessment void.*
2 points
a. Only Statement 1 is true.
b. Only Statement 2 is true.
c. Both statements are true.
d. Both statements are not true.
The Court of Tax Appeals is composed of a Presiding Justice and associate Justices.*
2 points
a. Seven
b. Eight
c. Nine
d. Ten
If the decision of the Court of Tax Appeals en banc is adverse to the taxpayer, the
taxpayer may lodge an appeal with:*
2 points
a. Court of Appeals
b. Supreme Court
c. International Criminal Court
d. Court of Heaven
The rate of interest for late payment of taxes is set by the law at:*
2 points
a. The legal interest rate.
b. Twelve (12) percent
c. Six (6) percent.
d. Twenty (20) percent.
The computation of deficiency interest is reckoned from:*
2 points
a. Deadline for the payment of the tax due
b. Receipt of assessment notice
c. Finality of the assessment
d. Receipt of the FDD A
When will tax surcharge amounting to 50% of tax due be imposed?*
2 points
In case of false or fraudulent return is willfully made.
In case of failure to pay the full or part of the amount tax shown on any return required to be
filed, or before the date prescribed for payment.
Filing a return with an internal revenue officer other than those to whom the return is required to
be filed.
Failure to file any return and pay the tax due thereon.
What is the jurisdictional amount for filing civil action for collection of taxes to Court of
Tax Appeals?*
3 points
a. If the principal amount of taxes is P300,000 or less exclusive of charges and penalties.
b. If the principal amount of taxes is P400,000 or less exclusive of charges and penalties.
c. If the principal amount of taxes is at least P1,000,000 exclusive of charges and penalties.
d. If the principal amount of taxes is at least P500,000 exclusive of charges and penalties.
It refers to the pleading filed by the taxpayer in response to the Preliminary Assessment
Notice issued by BIR Commissioner.*
2 points
a. Request for reconsideration
b. Request for reinvestigation
c. Formal protest
d. Reply
In which scenario is previous issuance of preliminary assessment notice mandatory for
the validity of the issued final assessment notice with formal letter of demand?*
2 points
When the tax deficiency is due to mathematical error
when the amount of tax withheld is higher than the amount of tax remitted to BIR
when the tax deficiency pertains to value added tax
when the amount of tax refunded is still claimed as tax credit.
Which type of formal protest filed by a taxpayer before BIR Commissioner requires the
taxpayer to submit documentary evidence to BIR Commissioner?*
2 points
a. Request for reconsideration
b. Request for reinvestigation
c. Both A and B
d. Neither A nor B
Which of the following is a ground for abatement of tax?*
2 points
a. Financial incapacity of taxpayer
b. Reasonable doubt as to validity of claim against the taxpayer
c. The tax appears to be imjustly or excessively assessed
d. None of the above
Which court may enjoin the collection of national internal revenue taxes?*
2 points
a. Court of Tax Appeals
b. Supreme Court
c. Either A or B
d. Neither A nor B
What is the remedy available to the taxpayer if the 180-day period given by law to BIR
Commissioner to decide on the formal protest filed by taxpayer has already lapsed
without any action on the part of BIR Commissioner?*
2 points
a. Wait for the decision of BIR Commissioner
b. Appeal before the CTA Division within 30 days from the lapse of the 180-day period
c. Either A or B
d. Neither A nor B
Where the basic tax involved exceeds P1,000,000, who has the authority to approve the
tax compromise?*
2 points
a. BIR Commissioner
b. Revenue District Officer
c. Revenue Regional Director
d. National Evaluation Board consisting of BIR Commissioner and 4 Deputy Commissioners
Which of the following may be subject to writ of garnishment by the BIR Commissioner?
*
2 points
a. Land
b. Condominium unit
c. Bank deposit
d. Car
What is the minimum compromise rate equivalent if the ground for tax compromise is
based on reasonable doubt as to validity of assessment?*
2 points
a. At least 10% of basic assessed tax
b. At least 20% of basic assessed tax
c. At least 30% of basic assessed tax
d. At least 40% of basic assessed tax
Who has the original jurisdiction to entertain claim for tax refund of National Internal
Revenue Taxes?*
2 points
a. Municipal Trial Court
b. Regional Trial Court
c. Court of Tax Appeals Division
d. BIR Commissioner
Which court has the authority to issue injunction to enjoin collection of national tax?*
2 points
a. Municipal Trial Court
b. Regional Trial Court
c. Court of Tax Appeals
d. Court of Appeals
The 1% on the assessed value of real property in addition to the basic real property tax
collected by the city or municipality shall accrue to the:*
2 points
a. The Local Treasury
b. The National Treasury
c. The Sanggunian
d. The Special Education Fund (SEF)
Filing of tax treaty relief application (TTRA) should be made:*
2 points
a. Before transaction (before the occurrence of the taxable event)
b. Within ten (10) days after the transaction
c. Within thirty (30) days after the transaction
d. Within one (1) month after the transaction
e. Within six (6) months after the transaction
The PEZA Board is headed by a _____________with the rank of department
undersecretary who shall be appointed by the President.*
2 points
a. Administrator
b. Director general
c. Manager
d. Presiding Officer
A Domestic Corporation pays royalty to a Foreign Corporation but it withholds a tax
lower than Philippine tax laws based on a treaty. What document need be presented to
prove the imposition of a lower withholding tax?*
2 points
a. Treaty law
b. Memorandum of agreement between the local and international company
c. Reciprocity clause
d. Tax treaty relief application.