Practice question
A taxpayer first signs a reinvestigation waiver after the applicable prescriptive period has already expired. No other ground exists. Does that satisfy the timing requirement in Section194(d)(2)?
- No; the provision requires execution before expiration
- Yes, any late waiver automatically revives the expired period
- Yes, if the treasurer wants more time
- Yes, because prescription never binds local officials
- Yes, because all waivers operate retroactively
Legal references
- RA7160 Local Government Code: https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html Section194(d), suspension of prescription.
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