Practice question
Which best distinguishes statutory suspension from an agreed assessment extension under Section 222(b)?
- Both create a new kind of tax
- Both necessarily waive every substantive defense
- Neither affects deadlines
- Suspension rests on a statutory event; an agreed extension rests on the required written agreement
- The taxpayer’s silence alone creates both
Legal references
- NIRC Sections 222(b) and 223: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
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