Practice question
An eligible small taxpayer has a covered nonfraud violation of Section 237. The applicable ordinary scheduled compromise amount is stipulated asP 10,000, and RR 6-2024's 50% reduced amount applies. Assuming a valid compromise is concluded, what is the reduced amount?
- P 20,000
- P 10,000
- P 7,500
- P 0 automatically
- P 5,000
Legal references
- RA11976, Section45: https://lawphil.net/statutes/repacts/ra2024/ra_11976_2024.html
- BIR RR6-2024, reduced penalties for micro and small taxpayers: https://bir-cdn.bir.gov.ph/BIR/pdf/RR%206-2024%20(final).pdf
- BIR RMO7-2015, compromise penalty schedule and voluntary settlement rule: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/10/69577
- La Flor Dela Isabela v. CIR, GR202105, April28 2021, main decision: https://lawphil.net/judjuris/juri2021/apr2021/gr_202105_2021.html
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