Compromise of Assessment

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1. Section192 places local tax exemptions, incentives or reliefs in what legal instrument? Multiple Choice Easy
2. A lawful relief ordinance authorizes settlement only of interest, leaving principal intact. An implementing officer acc… Multiple Choice Medium
3. An authorized payment plan merely allows full assessed principal and additions to be paid on specified dates; it expres… Multiple Choice Medium
4. An LGU validly authorizes officials to settle a particular litigated assessment within defined monetary limits. The sig… Multiple Choice Hard
5. A property’s delinquencies are stipulated to be paid pursuant to an existing compromise agreement. The owner argues tha… Multiple Choice Hard
6. An ordinance authorizes a reduction only of interest, while a signed settlement cancels half the principal. Assume no o… Essay Medium
7. A full-payment installment arrangement and a settlement accepting only part of the liability are both called compromise… Essay Medium
8. Officials have authority to settle one identified assessment but add a release of future taxes beyond that authority. E… Essay Medium