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Tax Assessment Limitations Explained by Berby Boy is a document available to read on EtoBox.

This document summarizes a court case regarding whether the Bureau of Internal Revenue (BIR) can assess additional taxes on a taxpayer after more than 5 years, which is the statute of limitations. The key facts are that in 1974, a company sold land to another company for a price that the BIR later deemed too low, potentially making the difference a taxable gift. In 1980 and 1981, over 5 years later, the BIR issued additional assessments for alleged deficiency in donor

Author

Berby Boy

Language

EN