Practice question
In case of fraud or intent to evade a local business tax, when does the special ten-year assessment period under section 194(b) begin?
- At the taxpayer’s incorporation
- At the start of the calendar century
- Upon discovery of the fraud or intent to evade payment
- Only after conviction
- At the mayor’s inauguration
Legal references
- https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html — RA 7160, section 194, periods of assessment and collection
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