Practice question
State the current general interest-rate framework and explain why relying mechanically on an old fixed 20% statement can be wrong. Include covered EOPT micro and small taxpayers.
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
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