Practice question
Does assessment finality give the government unlimited time to collect under Standard Insurance?
- No; applicable collection prescription remains
- Yes, all collection limits disappear
- Yes, every final tax is collectible forever
- Yes, reminders always restart time
- Yes, assessment and collection are identical
Legal references
- RR18-2013 Section3.1.4: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/10/67487 partial protests and undisputed issues.
- CIR v Standard Insurance GR259729 November17,2025 MAIN: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/1/70327 MAIN void audit and collection prescription.
Answer this question in flashcards to review your response and continue practicing.