Practice question
What treatment does Pacquiao require for relevant deficiency amounts already paid when computing security?
- Take the payments into account and deduct the paid amounts as applicable
- Ignore every payment
- Double the paid amount and add it
- Treat tax payments as gifts
- Transfer them to a future unknown taxpayer
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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