Practice question
Which tax does amended Section 204(C) expressly exclude from application of a valid tax credit certificate?
- Withholding taxes
- Every internal revenue tax without exception
- Only income tax
- Only excise tax
- Only taxes paid electronically
Legal references
- RA 11976, Section 31, amended NIRC Section 204(C): https://lawphil.net/statutes/repacts/ra2024/ra_11976_2024.html
Answer this question in flashcards to review your response and continue practicing.