Practice question
An ordinary taxpayer outside the micro and small concessions fails to pay P 100,000 tax shown on its return by the prescribed date. The applicable nonfraud surcharge is 25%, with no relief. What is the surcharge alone?
- P 100,000
- P 50,000
- P 10,000
- P 25,000
- P 0
Legal references
- NIRC Section248(A), as amended by RA11976 Section41; RA11976 Section45(b); https://lawphil.net/statutes/repacts/ra2024/ra_11976_2024.html
- NIRC Section248(B); https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
Answer this question in flashcards to review your response and continue practicing.