Practice question
A return is filed after its prescribed deadline. No exception, waiver or suspension applies. From what date does the ordinary three-year assessment period run?
- The taxpayer’s preferred date
- The eventual audit-opening date
- A future refund application
- The incorporation date
- The actual late-filing date
Legal references
- NIRC Section 203: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
Answer this question in flashcards to review your response and continue practicing.