Practice question
Declared sales are PHP1million and omitted sales are exactly PHP300,000. No independent proof of intent or other exception exists. Does this amount alone exceed the statutory30% threshold?
- No; exactly30% does not exceed30%
- Yes, equality necessarily means exceeding
- Yes, every omission conclusively proves fraud
- Yes, the threshold is only1%
- No, because no sales omission can ever support a presumption
Legal references
- CIR v Villanueva GR249540 February28,2024 MAIN: https://lawphil.net/judjuris/juri2024/feb2024/gr_249540_2024.html MAIN statutory requisites, strict presumption threshold, due process.
- NIRC RA8424, Sections203,222–223 and228: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html Sections222(a) and248(B).
Answer this question in flashcards to review your response and continue practicing.