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  • Prospectivity of Tax Law

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    Novelyn Nieves
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    The document discusses exceptions to the prospectivity of tax law. It lists three exceptions: 1) where the taxpayer deliberately misstates or omits facts, 2) where facts gathered by the BIR are materially different than what the ruling was based on, and 3) where the taxpayer acted in bad faith.

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    The document discusses exceptions to the prospectivity of tax law. It lists three exceptions: 1) where the taxpayer deliberately misstates or omits facts, 2) where facts gathered by the BIR are materially different than what the ruling was based on, and 3) where the taxpayer acted in bad faith.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    11 views1 page

    Prospectivity of Tax Law

    Uploaded by

    Novelyn Nieves
    The document discusses exceptions to the prospectivity of tax law. It lists three exceptions: 1) where the taxpayer deliberately misstates or omits facts, 2) where facts gathered by the BIR are materially different than what the ruling was based on, and 3) where the taxpayer acted in bad faith.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1.

    Prospectivity of tax Law


    Exception:
    [1]Where the taxpayer deliberately misstates or omits material facts from
    his return or any document required of him by the Bureau of Internal
    Revenue; [2] Where the facts subsequently gathered by the Bureau of
    Internal Revenue are materially different from the facts on which the
    ruling is based; or [3] Where the taxpayer acted in bad faith. (Section
    246)
    2.

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