Practice question
A final assessment shows P26,000,000 deficiency basic tax for one tax type in a taxable year, but no competent-authority probable-cause finding and no fraud, wilful misrepresentation, or malicious-intent finding are established. Does the amount alone complete the specified RA 11521 tax predicate?
- Yes, amount alone always suffices
- No, the statute adds the specified probable-cause and culpable-intent findings
- Yes, every assessment is automatically laundering
- Yes, the taxpayer’s bank account alone supplies the missing findings
- No tax offense can ever be an AMLA predicate
Legal references
- https://lawphil.net/statutes/repacts/ra2025/ra_12312_2025.html — RA 12312, section 8
- https://lawphil.net/statutes/repacts/ra2022/ra_11930_2022.html — RA 11930, section 9(c)
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/92723 — RA 11521, section 2 amending AMLA section 3(i)
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