Practice question
Which statement best describes a deficiency tax in the present conceptual comparison?
- Every taxpayer’s bank balance
- Any private debt owed to a supplier
- Additional tax legally due beyond the amount properly declared, established under the applicable rules
- Every tax paid in full on time
- Only a fine imposed for theft
Legal references
- CIR v. Stradcom, G.R.255520, April21 2025: https://lawphil.net/judjuris/juri2025/apr2025/gr_255520_2025.html
- NIRC Section249, as amended by RA10963, Section75: https://lawphil.net/statutes/repacts/ra2017/ra_10963_2017.html
Answer this question in flashcards to review your response and continue practicing.