Practice question
Explain the final BIR-recovery qualification in AMLA Section3(i)(35) added by RA11521. Assume the tax-predicate requirements are otherwise satisfied. Does the qualification permit AMLC to recover the same proceeds twice, or confer general immunity from tax or laundering prosecution?
Legal references
- RA11521: https://lawphil.net/statutes/repacts/ra2021/ra_11521_2021.html Section2 amending AMLA Section3(i)(35), final proviso.
Answer this question in flashcards to review your response and continue practicing.