Company B has been assessed a deficiency income tax of P1,000,000, exclusive of interest and surcharge, for 201

The tax liability has remained unpaid, despite the lapse of the June 30,2017 deadline of payment, as stated in the n
The taxpayer paid the deficiency income tax only on February 10, 2018. As a result the civil penalties for late paym

Basic Tax Due - Income tax 1,000,000

Add:
25%
20% Surcharge for late payment
Deficiency Interest from April 16, 2016 - June 250,000
30,2017 241,643.84
Total amount due, June 30, 2017 1,491,643.84

Add:
20% Deficiency Interest from July 1, 2017 to
December 31, 2017 100,821.92
20%Deliquency Interest from July 1, 2017 to December 31, 2017 150,390.39
12% Deliquency Interest from January 1, 2018 to February 10, 2018 20,106.54
Total amount due, Febuary 10, 2018 1,762,962.69

Mr. A has been assessed a deficiency income tax of P1 million, exclusive of interest and surcharge, for 2018. The t
Basic Tax Due - Income tax 1,000,000
Add:
25%
12% Surcharge for late payment
Deficiency Interest from April 16, 2019- June 250,000
30,2020 (442 days) 145,315.07
Total amount due, June 30, 2020 1,395,315.07

Add
12% Deliquency Interest from July 1, 2020 to Febru(225 days) 103,215.09
Total amount due, Febuary 10, 2021 1,498,530.16
nterest and surcharge, for 2015.
of payment, as stated in the notice and demand issued by the Commissioner.
he civil penalties for late payment will be computed as follows:

and surcharge, for 2018. The tax liability has remained unpaid, despite the lapse of the June 30, 2020 deadline for payment, as
deadline for payment, as stated in the notice and demand issued by the commissioner. The taxpayer paid the deficiency incom
paid the deficiency income tax on Feb. 10, 2021.