Taxation_general Principles/Bir

15 Questions | Total Attempts: 34

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Tax Quizzes & Trivia

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  • 1. 
    Which of the following statements on the rules of tax amnesty is/are correct? 
    1. Like tax exemption, it is never favored nor presumed
    2. The government is estopped by mistakes or errors of its agents. Thus, the government may no longer question the tax liability of a taxpayer when amnesty tax payments are already received.
    3. Defense of tax amnesty, like insanity, is a personal defense. It relates to the circumstances of a particular accused and not the character of the acts charged in the information.
    • A. 

      A. I only

    • B. 

      B. I and II only

    • C. 

      C. I and III only

    • D. 

      D. I, II and III

  • 2. 
    In tax amnesty, the taxpayer has immunity from 
    1. Criminal liability
    2. Civil liability
    3. Administrative liability
    • A. 

      A. I and II only

    • B. 

      B. II and III only

    • C. 

      C. II only

    • D. 

      D. I, II and III

  • 3. 
    In tax exemption, the taxpayer has immunity from 
    1. Criminal liability
    2. Civil liability
    3. Administrative liability
    • A. 

      A. I and II only

    • B. 

      B. II and III only

    • C. 

      C. II only

    • D. 

      D. I, II and III

  • 4. 
    Jamili, Inc. filed its annual income tax return on April 17, 2017. Jamili, Inc. is in a calendar year basis for accounting and tax purposes. When is the last day the BIR can assess the tax liabilities of Jamili, Inc.?
    • A. 

      A. April 15, 2020

    • B. 

      B. April 17, 2020

    • C. 

      C. April 15, 2022

    • D. 

      D. April 17, 2022

  • 5. 
    Jamili, Inc. filed its annual income tax return on April 17, 2017. Jamili, Inc. is in a calendar year basis for accounting and tax purposes. On June 30, 2022, the BIR found out thru its investigation that the return filed by Jamili, Inc. was fraudulent. When is the last day the BIR can assess the tax liabilities of Jamili, Inc.?
    • A. 

      A. April 15, 2027

    • B. 

      B. April 17, 2027

    • C. 

      C. June 30, 2032

    • D. 

      D. April 17, 2020

  • 6. 
    As a general rule, the period to collect tax imposed under the NIRC is within
    • A. 

      A. 2 years from the date of assessment

    • B. 

      B. 3 years from the date of assessment

    • C. 

      C. 5 years from the date of assessment

    • D. 

      D. 10 years from the date of assessment

  • 7. 
    For taxes imposed under the Tariff and Customs Code, the prescription period to collect tax is generally after _____ year/s from the date of the final payment of duties, in the absence of fraud or protest.
    • A. 

      A. 1 year

    • B. 

      B. 2 years

    • C. 

      C. 3 years

    • D. 

      D. 5 years

  • 8. 
    Local Taxes, fees, or charges shall be assessed within _____ year/s from the date they became due. They shall also be collected either by administrative or judicial action within _____ year/s from date of assessment
    • A. 

      A. 1 year; 3 years

    • B. 

      B. 2 years; 3 years

    • C. 

      C. 3 years; 5 years

    • D. 

      D. 5 years; 5 years

  • 9. 
    Which of the following statements about tax assessments is/are correct? 
    1. It is discretionary on the part of the Commissioner.
    2. The authority of the Commissioner to assess taxes may be delegated, except the power to make final assessments.
    • A. 

      A. Statement I is true; Statement II is false

    • B. 

      B. Statement I is false; Statement II is true

    • C. 

      C. Both statements are true

    • D. 

      D. Both statements are false

  • 10. 
    Who issues the Letter of Authority (LOA)?
    • A. 

      A. Revenue District Officer

    • B. 

      B. Regional Director

    • C. 

      C. Commissioner

    • D. 

      D. Revenue Collection Officer

  • 11. 
    I. Income tax returns are confidential.II. Only the taxpayer himself may authorize the production or inspection of his/her income tax returns.
    • A. 

      A. Statement I is true; Statement II is false

    • B. 

      B. Statement I is false; Statement II is true

    • C. 

      C. Both statements are true

    • D. 

      D. Both statements are false

  • 12. 
    The BIR Commissioner has the authority to inquire into bank deposits 
    1. In case of a decedent to determine his gross estate
    2. A taxpayer who has filed an application to compromise payment of tax liability by reason of       financial incapacity
    • A. 

      A. I only

    • B. 

      B. II only

    • C. 

      C. I and II

    • D. 

      D. None of the above

  • 13. 
    Which of the following powers of the Commissioner may not be delegated? 
    1. Power to Recommend the promulgation of rules and regulations by the Sec. of Finance
    2. Power to Issue rulings of first impression or to Reverse, revoke modify any existing rule of the BIR
    3. Power to Compromise or abate any tax liability (with exceptions)
    4. Power to Assign or reassign internal revenue officers to establishments where articles subject to excise tax are kept.
    • A. 

      A. I and II only

    • B. 

      B. I, II and III only

    • C. 

      C. I, II and IV only

    • D. 

      D. All of the above.

  • 14. 
    Which of the following taxes is not a national tax?
    • A. 

      A. Estate and donor’s tax

    • B. 

      B. Other percentage taxes

    • C. 

      C. Documentary stamp tax

    • D. 

      D. Real property tax.

  • 15. 
    Which of the following is not a member of the Regional Evaluation Board?
    • A. 

      A. Regional Director

    • B. 

      B. Assistant Regional Director

    • C. 

      C. Revenue Collection Officer having jurisdiction of the taxpayer

    • D. 

      D. Heads of the Legal, Assessment and Collection Div.