Practice question
A taxpayer carried over an excess withholding credit but did not seek a refund or tax credit of the same amount. Explain why an examiner must examine all elements of228(c) before omitting the PAN.
Legal references
- NIRC RA8424, Sections203,222–223 and228: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html Section228(c)–(e), specific PAN exceptions.
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