Practice question
Under 249(B), deficiency interest starts from what date?
- Only the date an auditor buys a new computer.
- The date prescribed for payment of the tax.
- Only the taxpayer's next birthday.
- Only the date of criminal conviction in every case.
- An arbitrary future date chosen by a collector.
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.