Practice question
A security calculation includes penalties and interest and ignores established payment of part of the principal. Explain the two Pacquiao adjustments.
Legal references
- Spouses Pacquiao v CTA GR213394 April6,2016 MAIN: https://lawphil.net/judjuris/juri2016/apr2016/gr_213394_2016.html MAIN preliminary inquiry and security computation.
- RA9282 amending RA1125: https://lawphil.net/statutes/repacts/ra2004/ra_9282_2004.html Section11 as amended.
- NIRC: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html Section218 national collection restriction.
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