Tax Remedies Flashcards
(8 cards)
1
Q
Days to finish/report the case
A
Regular audit = 180 days (large taxpayers: 240 days)
Office audit =120 days (old rule: 90 days)
VAT audit = 90 days (old rule: 60-90 days)
2
Q
Frequency of audit of the BIR
A
Only once per taxable year
3
Q
Settlement of discrepancy
A
Extendible up to 30 days from NOD receipt
4
Q
Period to issue PAN after discussion and found liable
A
within 10 days
5
Q
Period to serve e-LOA (old rule)
A
30 days
New rule: e-LOA still valid beyond 30 days
6
Q
Period to meet for a conference
A
5 days from receipt of NOD
7
Q
Period to make a reply to PAN
A
within 15 days from receipt of PAN
Not required to make a reply
8
Q
A
