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Philippine Bar review · Question

Practice question: Collection

Multiple Choice Easy

Practice question

Section 251 permits a sanggunian to grant an advance-payment discount not exceeding what percentage of annual basic and SEF tax due?
  1. 5%
  2. 10%
  3. 20%
  4. 50%
  5. 100%

Legal references

  • RA 7160, Sections 246–251; https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html

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