Part III Remedies

1.
NIRC

Tax remedies under the

I) Taxpayer's
remedies
a) Assessment
(i) consep
t of
assess
ment
(a)
Requi
sites
for
valid
assess
ment
(b)
Con
stru
ctiv
e

method
s of
income
determ
ination

Skri
nvent
ory
metho
d for
incom
e
deter
minati
on
.
4

1eopa
rdy
assess
ment
(e)
Tax
delinq
uency
and
tax
defici
ency
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(iii) When
assess
ment is
made
(a) Presc
riptiv
e
perio
d for
asses
smen
t
(1
)
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ls
e,
fr
au
du
le
nt,
an
d
no
nfil
in
g
of
ret
ur
ns
(b) Susp
ensio
n of
runni
ng of
statut
e of
limita
tions
7.
(iv)General
provisions on
additions to
the tax
cf,c, 2.A.4 (a)
Civil penalties
l

artti.

R.A., vac, (b)

Interest f. IMY4
(c) Com
prom
ise
pena
lties
a_
7

Tax audit
uct
e f informal conference
"

(v)

Assessment
process f
0'5

e
Issuance of preliminary assessment
notice
Exceptions to issuance of preliminary
assessment notice
Reply to preliminary assessment notice
1

g)

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(i) Dispu
ted
assess
ment
(j) Admi
nistra
tive
decisi
on on
a
dispu
ted
asses
smen
t
()
assessme
nt
""
of
assessment
by taxpayer
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1
r
tested
assess
ment
.
1
4
e
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to file
a
protes
t
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TAXATION II
COURSE OUTLINE SY 2014-2015
Atty. Gail Joseph Santos
1