Part III — Remedies1. Tax remedies under the NIRC

I) Taxpayer's remedies

a) Assessment(i)conse

pt of assessment (a) Requisites for valid assessment (b) Constructive methods of income determination©©Skrinventory method for income determination

.41eopardy assessment

(e) Tax delinquency and tax deficiency

(ii)P

ower

of the Commissioner to make assessments and prescrib

e additional requirements for tax administration and

enforcement

(a) Power of the Commissioner to obtain inf

ormation, and to summon/examine, and take testimony

of persons

(iii)When assessment is made

(a)Prescriptive period for assessment

(1) False, fraudulent, and non-filing of returns

(b)Suspension of running of statute of limitations

g)

7. (iv)General provisions on additions to the tax

cf,c, 2.A.4 (a) Civil penalties la•rtti. •

R.A., vac, (b) Interest f. IMY4

(c) Compromise penalties a _

7 (v) Assessment process f • 0'5—

Tax audituct

e f informal conference"° of preliminary assessment notice

eIssuance of preliminary assessment noticeExceptions to issuance of preliminary assessment noticeReply to preliminary assessment notice

1 Issuance of formal l

etter of demand and assessment notice/final assessme

nt notice(i) Disputed assessment(j)Administrative decision on a disputed assessment

( )retesting

assessment

"" (a) Protest of assessment by taxpayer

),I--)11r tested assessment

..14e.nto file a protest

Forms of p

rotest

TAXATION II COURSE OUTLINE SY 2014-2015

Atty. Gail Joseph Santos 1