Practice question
Under QL Development, what ordinary collection period follows a valid assessment issued within the ordinary three-year assessment period, absent a valid extension or suspension?
- Three years
- Five years in every case
- Ten years in every case
- An unlimited period
- Thirty days
Legal references
- CIR v. CTA Second Division and QL Development, Inc., G.R.258947, March29 2022, main decision; https://lawphil.net/judjuris/juri2022/mar2022/gr_258947_2022.html
- NIRC Sections203 and222(c); https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
Answer this question in flashcards to review your response and continue practicing.