Practice question
A doubtful-validity compromise concerns exactly P1 million basic assessed tax and offers the ordinary 40%. No other trigger exists. Does the amount threshold alone require Evaluation Board approval under Section 204(A)?
- Yes, exactly P1 million exceeds P1 million
- No; the amount trigger is basic tax exceeding P1 million, while approval and other applicable requirements still matter
- Yes, every offer must be below 10%
- No compromise ever requires approval
- The taxpayer’s tender automatically completes the compromise
Legal references
- NIRC, Section 204(A)-(B): https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
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