Practice question
What basic judicial prescriptive period does Section 196 provide for a standalone local-tax refund or credit claim?
- Ten years from the taxpayer’s discovery in every case
- Sixty days from every payment
- Two years from payment or from entitlement to refund or credit as stated in the section
- An unlimited period
- Fifteen days after every invoice
Legal references
- RA7160, Section196: https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html
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