Tax Deficiency vs. Tax Delinquency

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1. Which statement best describes a deficiency tax in the present conceptual comparison? Multiple Choice Easy
2. Which can produce a delinquent tax account without a fresh deficiency assessment, under the self-assessment principle d… Multiple Choice Easy
3. What does the current TRAIN-amended Section 249 expressly prohibit? Multiple Choice Easy
4. A taxpayer admits P 100,000 of legally due tax on its return, pays P 60,000, and allows the prescribed due date to pass… Multiple Choice Medium
5. A taxpayer receives only a preliminary audit finding proposing additional tax and timely disputes it. No admitted unpai… Multiple Choice Medium
6. A corporation’s tax return shows no tax due. The BIR independently reads a provision for current income tax in its fina… Multiple Choice Hard
7. For a tax period entirely after TRAIN took effect, an examiner proposes applying both deficiency and delinquency intere… Multiple Choice Hard
8. Distinguish a proposed or assessed deficiency from a delinquent tax account. Essay Medium
9. Why does a tax shown as due on a taxpayer’s own return differ from an additional amount first claimed by the BIR? Essay Medium
10. Explain why current deficiency and delinquency interest calculations require attention to the applicable statutory peri… Essay Medium
11. Under TRAIN-amended 249(A), what is the general statutory interest-rate reference? Multiple Choice Easy
12. Under 249(B), deficiency interest starts from what date? Multiple Choice Easy