Practice question
An agent correctly remits all withheld tax but refuses to provide the recipient's required withholding statement, saying remittance alone replaces it. Which is correct?
- Remittance automatically repeals58(B).
- Only the recipient may ever prepare a record of the agent's withholding.
- A statement is forbidden after tax is paid.
- The statement obligation remains distinct from remittance.
- The agent may replace it with a commercial advertisement.
Legal references
- NIRC Sections57-58,105-106 and110: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
- RA11976, Sections9-10, current NIRC58(E) credit/refund conditions and trust-fund rule: https://lawphil.net/statutes/repacts/ra2024/ra_11976_2024.html
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