Practice question
Under current Section 204(C), may a tax credit certificate be used to pay withholding taxes?
- Always
- Only if purchased privately
- No; that use is excluded
- Only if its color is blue
- Only if no return is filed
Legal references
- RA11976, Sections31-32, current NIRC204(C) and229: https://lawphil.net/statutes/repacts/ra2024/ra_11976_2024.html
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