Practice question
An income recipient has stipulated regular income-tax liability ofP 100,000 and properly substantiated creditable withholding tax ofP 30,000 available against it. No other credits, payments or adjustments apply. What balance remains?
- P 130,000
- P 100,000
- P 30,000
- P 70,000
- P 0 because any withholding is final
Legal references
- NIRC Sections57–58, as amended by RA11976: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/96948
- PSE v. Secretary of Finance, GR213860, July5 2022, main decision: https://lawphil.net/judjuris/juri2022/jul2022/gr_213860_2022.html
- CIR v. COMELEC, GR244155 and247508, May11 2021, main decision: https://lawphil.net/judjuris/juri2021/may2021/gr_244155_2021.html
- CIR v. G&W Architects, GR246026, April21 2026, main decision: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/70567
Answer this question in flashcards to review your response and continue practicing.