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What is Tax Collection Period and Extensions Explained about?
The CIR refrained from collecting taxes from Suyoc Consolidated Mining Company for over 5 years due to several requests from the company for extensions to prove the correctness of its tax assessments. The company cannot now claim the defense of prescription after persuading the CIR to postpone collection through its repeated requests. One who prevents something from being done cannot benefit from their own prevention. The company is estopped from raising the statute of limitations as a defense.
- Author
- Patricia Sulit
- Language
- EN