Practice question
For the specified tax predicate added by RA 11521, the deficiency basic tax in the final assessment must be what amount?
- Exactly P1 in total
- Any amount whatsoever
- At least P5,000
- In excess of P25,000,000 per taxable year for each tax type covered
- Only the taxpayer’s annual sales
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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