Practice question
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 without an extension. What is the basic status of the unpaid P 40,000 under the stated self-assessment facts?
- An unpaid self-assessed tax delinquency
- A tax-free gift to the government
- A new exemption
- A bank deposit interest payment
- A sum that cannot be demanded unless a new audit first changes the return
Legal references
- CIR v. Stradcom, G.R.255520, April21 2025: https://lawphil.net/judjuris/juri2025/apr2025/gr_255520_2025.html
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