Practice question
A purported waiver states that the taxpayer is willing to discuss payment someday but contains no definite extension date and no agreement expressly extending prescription. What is missing under Standard Insurance?
- A qualifying written agreement expressly extending the period to a definite date
- Only a more courteous greeting
- Only the taxpayer’s favorite payment bank
- A statement that records are bulky
- Nothing; any willingness to talk is an unlimited waiver
Legal references
- NIRC RA8424, Sections203,222–223 and228: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html Sections222(b) and223.
- CIR v Standard Insurance GR259729 November17,2025 MAIN: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/70327 MAIN legal prohibition, definite waiver and strict suspension grounds.
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