Practice question
For a current-law deficiency, full payment precedes issuance of the Commissioner's notice and demand. Which event ends deficiency interest under 249(B)?
- A demand issued years after full payment must always control.
- The tax can never stop bearing deficiency interest.
- Only a future criminal conviction can end it.
- The taxpayer's unrelated property sale.
- Full payment, because it is earlier.
Legal references
- CIR v. Stradcom Corporation, G.R.255520, April21,2025, MAIN decision: https://lawphil.net/judjuris/juri2025/apr2025/gr_255520_2025.html
- RA10963, TRAIN, amended NIRC249 deficiency/delinquency interest: https://lawphil.net/statutes/repacts/ra2017/ra_10963_2017.html
- RA11976, Ease of Paying Taxes Act, reduced interest for micro and small taxpayers: https://lawphil.net/statutes/repacts/ra2024/ra_11976_2024.html
Answer this question in flashcards to review your response and continue practicing.