Practice question
What does Section 249(A) say about imposing deficiency and delinquency interest simultaneously?
- It always requires both for the same period.
- It prohibits simultaneous imposition.
- It permits both whenever the officer wishes.
- It requires both only for resident citizens.
- It permits both if different forms are used.
Legal references
- NIRC Section249(A)–(B), as amended by RA10963 Section75; https://lawphil.net/statutes/repacts/ra2017/ra_10963_2017.html
- RA11976 Section45(c), micro and small taxpayer concession; https://lawphil.net/statutes/repacts/ra2024/ra_11976_2024.html
Answer this question in flashcards to review your response and continue practicing.