Practice question
Under Section 248(B), what surcharge applies where a taxpayer willfully makes a fraudulent return, assuming no special concession or exception?
- 5%
- 10%
- 50%
- 12%
- 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
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