Practice question
A taxpayer obtains a valid TCC under Section 204(C). It proposes using the certificate to satisfy taxes it must withhold from other persons, arguing that any internal revenue tax is eligible. Which answer follows the amended provision?
- Every withholding tax may be paid with the certificate
- The certificate replaces all duties of every taxpayer
- The certificate can never be used for any tax
- The certificate is usable only by selling it to the collector
- The provision allows application against internal revenue taxes for which the taxpayer is directly liable but expressly excludes withholding taxes
Legal references
- RA11976 Sections31–32, amending NIRC204(C) and229: https://lawphil.net/statutes/repacts/ra2024/ra_11976_2024.html
- BIR RR5-2024, EOPT refund implementation: https://bir-cdn.bir.gov.ph/BIR/pdf/RR%205-2024%20(final).pdf
- RA9282, CTA appeal period: https://lawphil.net/statutes/repacts/ra2004/ra_9282_2004.html
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