Practice question
Under section 194(c), what is the collection period following an assessment of a local business tax, absent suspension?
- One month from registration
- Two years from the invoice
- Three months from demand
- Five years from the date of assessment
- An unlimited period
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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