Practice question
Declared sales are PHP1million and the proven omitted sales are PHP310,000. All disclosure requirements are met. Is the numerical threshold for the sales-understatement presumption crossed?
- Yes; the omission is31% of declared sales, subject to rebuttal
- No, because the threshold is100%
- Yes, making the presumption irrebuttable
- No, because only an oral confession can establish falsity
- Yes, automatically resolving all unrelated tax years
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).
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