Practice question
The taxpayer opted to claim a refund of excess creditable withholding tax, then carried over and automatically applied the very same amount against succeeding quarterly estimated taxes. Does the stated Section228(c) situation require an ordinary PAN?
- No; it is an express PAN exception
- Yes, because the same credit can never trigger an exception
- No, because it eliminates all future taxes
- No, because it automatically proves criminal guilt
- Yes, only mathematical errors can ever be exceptions
Legal references
- NIRC RA8424, Sections203,222–223 and228: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html Section228(c)–(e), specific PAN exceptions.
Answer this question in flashcards to review your response and continue practicing.