Preferential Tax Remedies

2/16/22, 3:10 PM CFE - Preferential Tax & Remedies
CFE - Preferential Tax & Remedies Total points 64/205
Email *
jere.duran.swu@phinmaed.com
0 of 0 points
Click your respective Name *
Jermie Ann Regodos Duran
https://docs.google.com/forms/d/e/1FAIpQLSeHeC_y5xxB7A4wHDWXYmgKIOQwbuu6IQcyzewZfBHsixHn9g/viewscore?vc=0&c=0&w=1&flr=0&vie… 1/64
Set A - Theory Easy 17 of 19 points
Refer to goods "vital to the needs of consumers, for their sustenance and 1/1
existence"
a. non-essential goods
b. Basic Necessities
c. prime commodities
d. any of the above
Private establishments employing SCs shall be entitled to additional 1/1

deduction from their gross income equivalent to ______________________
a. 5% of the total amount paid as salaries and wages to Senior citizens
b. 20% of the total amount paid as salaries and wages to Senior citizens
c. 10% of the total amount paid as salaries and wages to Senior citizens
d. 15% of the total amount paid as salaries and wages to Senior citizens
e. 25% of the total amount paid as salaries and wages to Senior citizens
A duly registered BMBE shall be exempt from income tax on income 1/1
arising purely from its operations as such BMBE.
TRUE
FALSE
A corporation can register as a BMBE. 1/1
TRUE
FALSE
Classification of property as residential, agricultural, commercial, 1/1

industrial, mineral, or special is vested with
a. City or Municipal Assessor
b. City or Municipal Mayor
c. City or Municipal Sanggunian
d. City or Municipal Treasurer
Under the LGC, the real property shall be classified, valued and assessed 1/1
on the basis of its _____________ regardless of where located, whoever
owns it, and whoever uses it.
a. Actual use
b. Declaration by the owner
c. Intended application
d. Predominant use
The tax forms related to documentary stamp tax are BIR Form No. 2000 1/1
and BIR Form No. 2000-OT.
True
False
Documentary Stamp Tax is a tax on documents, instruments, loan 1/1

agreements and papers evidencing the acceptance, assignment, sale or
transfer of an obligation, right or property incident thereto.
True
False
The permit to extract sand, gravel and other quarry resources shall be 1/1
issued exclusively by the ________________, pursuant to the ordinance of
the Sangguniang Panlalawigan.
a. City or Municipal Mayor where such activity is being conducted
b. Congressman
c. Governor
d. Vice-Governor who is the presiding officer of the Sanggnuiang Panlalawigan
The ___________ may levy an annual professional tax on each person 1/1
engaged in the exercise or practice of his profession requiring
government examination as such amount and reasonable classification
as the Sangguniang Panlalawigan may determine.
a. Province
b. City
c. Municipality
d. Barangay
ECOZONE Service Enterprise is a business entity or concern within the 1/1

ECOZONE whose income derived within the ECOZONE shall be subject
to taxes under the National Internal Revenue Code.
True
False
The Board of Directors of the Conversion Authority shall perform the 1/1
following functions, except
a. Prepare the annual and supplemental budgets of the Conversion Authority
b. Submit an annual report of the operation of the Conversion Authority to the

President of the Philippines, President of the Senate and Speaker of the House of
Representatives
c. Determine the organizational structure of the Conversion Authority, define the

duties and responsibilities of all officials and employees and adopt a compensation
and benefit scheme at least equivalent to that of the Central bank of the Philippines
d. Appoint all officials down to the third level and authorize the president of the
Conversion Authority to appoint all others; Provided, That all appointments shall
be on the basis of merit and fitness and all personnel action shall be in
pursuance of the civil code, rules and regulations, except those coterminus
employees of the members of the Board
The Philippine Board of Investment is an agency under the 1/1
a. National Economic Development Authority
b. Department of Trade and Industry
c. Office of the President
d. Bureau of Domestic Trade
In the Philippines, the income of Filipino citizens employed in foreign 0/1

embassy, diplomatic missions, and international organizations is
a. Exempt
b. Taxable
c. Taxable, but can be exempt if the taxpayer can prove that there is an exemption
grant under contract or special law.
d. None of the above
Correct answer
The following are the general documentary requirements for the Tax 1/1
Treaty Relief Applications, except
a. Proof of Residency
b. Articles of Incorporation (for individual income earner)
c. Special Power of Attorney
d. All are general documentary requirements
The taxpayer received an assessment notice on April 15, 2011 and filed its 1/1
request for reinvestigation against the assessment on April 30, 2011.
Additional documentary evidence in support of its protest was submitted
by it on June 30, 2011. If no denial of the protest was received by the
taxpayer, when is the last day for the filing of its appeal to the CTA?
a. November 30, 2011;
b. December 30, 2011;
c. January 30, 2012;
d. February 28, 2012.
. What is the effect on the tax liability of a taxpayer who does not protest 1/1
an assessment for deficiency taxes?
a. The taxpayer may appeal his liability to the CTA since the assessment is a final
decision of the Commissioner on the matter.
b. The BIR could already enforce the collection of the taxpayer's liability if it could
secure authority from the CTA.
c. The taxpayer's liability becomes fixed and subject to collection as the

assessment becomes final and collectible.
d. The taxpayer's liability remains suspended for 180 days from the expiration of the
period to protest.
Taxpayer Andy received on January 3, 2010 a preliminary assessment 1/1

notice (PAN) from the BIR, stating that he had fifteen (15) days from its
receipt to comment or to file a protest. Eight (8) days later (or on
January11, 2010), before he could comment or file a protest, Andy
received the final assessment notice (FAN). Decide on the validity of the
FAN.
a. The FAN is invalid; Andy was not given the chance to respond to the PAN, in
violation of his due process rights.
b. The FAN is invalid for being premature.
c. The FAN is valid since it was issued before the right to assess prescribed.
d. The FAN is valid. There is no legal requirement that the FAN should await the
protest to the PAN because protest to the PAN is not mandatory.
Choose any of the shape * ···/1
Option 1 Option 2
Option 3 Option 4
No correct answers
Set B - Theory Easy 0 of 18 points
Refer to goods "vital to the needs of consumers, for their sustenance and 0/1
existence"
a. Basic Necessities
b. non-essential goods
d. any of the above

Income tax exemption shall not apply to interest, including those from 0/1
any currency bank deposit and yield or any other monetary benefit from
deposit substitutes and from trust funds and similar arrangements
True
False
A partnership can register as a BMBE. 0/1
TRUE
FALSE

a. Actual use
d. Predominant use

True
False
True
False
a. Province
b. City
c. Municipality
d. Barangay
b. Congressman
c. Governor

True
False

Representatives

Conversion Authority to appoint all others; Provided, That all appointments shall be
on the basis of merit and fitness and all personnel action shall be in pursuance of
the civil code, rules and regulations, except those coterminus employees of the
members of the Board
Abroad, income of aliens employed in foreign embassy, diplomatic 0/1

missions, and international organizations is
a. Exempt
b. Taxable

a. Exempt
b. Taxable
c. The taxpayer's liability becomes fixed and subject to collection as the assessment
becomes final and collectible.
period to protest.
A preliminary Assessment Notice (PAN) is NOT required to be issued by 0/1

the BIR before issuing a Final Assessment Notice (FAN) on one of the
following cases:
a. When a taxpayer does not pay the 2010 deficiency income tax liability on or before
July 15 of the year;
b. When the finding for any deficiency tax is the result of mathematical error in the
computation of the tax as appearing on the face of the return;
c. When a discrepancy has been determined between the value added tax paid and
the amount due for the year;
d. When the amount of discrepancy shown in the Letter Notice is not paid within
thirty (30) days from date of receipt.
Mr. Alvarez is in the retail business. He received a deficiency tax 0/1

assessment from the BIR containing only the computation of the
deficiency tax and the penalties, without any explanation of the factual
and legal bases for the assessment. Is the assessment valid?
a. The assessment is valid; all that Mr. Alvarez has to know is the amount of the tax.
b. The assessment is invalid; the law requires a statement of the facts and the law
upon which the assessment is based.
c. The assessment is valid but Mr. Alvarez can still contest it.
d. The assessment is invalid because Mr. Alvarez has no way to determine if the
computation is erroneous.
Choose any of the shape *
Option 1 Option 2
Option 3 Option 4
Set C - Theory Easy 0 of 18 points
Refer to goods "vital to the needs of consumers, for their sustenance and
existence"
a. Basic Necessities
b. non-essential goods
d. any of the above

A duly registered BMBE shall be exempt from income tax on income 0/1
arising purely from its operations as such BMBE.
TRUE
False
A cooperative can register as a BMBE. 0/1
TRUE
FALSE

a. Actual use
d. Predominant use

True
False
True
False
b. Congressman
c. Governor
a. Province
b. City
c. Municipality
d. Barangay

True
False

Representatives

Conversion Authority to appoint all others; Provided, That all appointments shall be
on the basis of merit and fitness and all personnel action shall be in pursuance of
the civil code, rules and regulations, except those coterminus employees of the
members of the Board

a. Exempt
b. Taxable
Abroad, income of aliens employed in foreign embassy, diplomatic 0/1

missions, and international organizations is
a. Exempt
b. Taxable
The taxpayer received an assessment notice on April 15, 2011 and filed its 0/1
request for reinvestigation against the assessment on April 30, 2011.
Additional documentary evidence in support of its protest was submitted
by it on June 30, 2011. If no denial of the protest was received by the
taxpayer, when is the last day for the filing of its appeal to the CTA?
a. November 30, 2011;
b. December 30, 2011;
c. January 30, 2012;
d. February 28, 2012.
c. The taxpayer's liability becomes fixed and subject to collection as the assessment
becomes final and collectible.
period to protest.
A preliminary Assessment Notice (PAN) is NOT required to be issued by 0/1

the BIR before issuing a Final Assessment Notice (FAN) on one of the
following cases:
a. When a taxpayer does not pay the 2010 deficiency income tax liability on or before
July 15 of the year;
b. When the finding for any deficiency tax is the result of mathematical error in the
computation of the tax as appearing on the face of the return;
c. When a discrepancy has been determined between the value added tax paid and
the amount due for the year;
d. When the amount of discrepancy shown in the Letter Notice is not paid within
thirty (30) days from date of receipt.
Choose any of the shape * ···/1
Option 1 Option 2
Option 3 Option 4
Set A Theory - Average & Difficult 26 of 40 points
The 5% special discount granted to senior citizens on basic and prime 2/2
commodities is limited to purchases not exceeding ____ per calendar
week without carry-over of the unused amount.
1,000
1,200
1,300
1,500
Statement 1: The 20% discount granted to a Senior Citizen carries with it 2/2
an exemption from VAT. Statement 2: The 5% special discount granted to
a Senior Citizen carries with it an exemption from VAT.
Only statement 1 is correct
Both statement are correct
Both Statements are incorrect
The tax return shall be filed and the tax due shall be paid at the same 0/2
time within ___ days after the close of the month when the taxable
document was signed, issued, accepted or transferred.
5 days
10 days
20 days
30 days
Correct answer
5 days
After the province has constructed a barangay road, the Sangguniang 0/2
Panglalawigan may impose a special levy upon the lands specifically
benefited by the road up to an amount not to exceed.
60% of the actual cost of the road without giving any portion to the barangay
100% of the actual project cost without giving any portion to the barangay
100% of the actual project cost, keeping 60% for the province and giving 40% to the
barangay
60% of the actual cost, dividing the same between the province and the barangay
Correct answer
A municipality may levy an annual ad valorem tax on real property such 0/2
as land, building, machinery, and other improvement only if
the real property is within the Metropolitan Manila Area
the real property is located in the municipality
the DILG authorizes it to do so
the power is delegated to it by the province
Correct answer
Real property taxes should not disregard increases in the value of real 0/2
property occurring over a long period of time. To do otherwise would
violate the canon of a sound tax system referred to as
theoretical justice
fiscal adequacy
administrative feasibility
symbiotic relationship
Correct answer
fiscal adequacy
Projects or activities registered prior to the effectivity of CREATE act, or 0/2

under the incentive system provided herein that shall, in the duration of
their incentives, complete relocate from the national capital region, shall
be entitled to:
3 additional years of income tax holidaty, provided, that the additional incentive shall
commence at the completion of the relocation of operations.
4 additional years of income tax holiday, provided, that, the additional incentive
shall commence at the completion of the relocation of operations
5 additional years of income tax holiday, provided, that, the additional incentive shall
commence at the completion of the relocation of operations
none of the above
Correct answer
The special corporate tax rate equivalent to 5% under the CREATE law 2/2
shall
take effect on July 1, 2020
based on gross income
in lieu of all national and local taxes
all of the above
__________ is a selected area with highly developed enterprises or which 2/2

have the potential to be developed into agri-industrial, industrial,
tourist/recreational, commercial, banking, investment and financial
centers (prior to create law)
Pioneer enterprises
Special Economic zone
investment property plan
less developed areas
Prior to CREATE Law, ______ are enterprises registered enterprises 2/2

engaged in the manufacture, processing or production of commodities
or raw materials that are not yet being produced in the Philippines on a
commercial scale
Pioneer enterprises
non-pioneer enterprises
multi-national companies
export-oriented enterprises
The following are the special corporate powers of BCDA under R.A. 7227, 0/2
except
a. To construct, own, lease, operate and maintain public utilities as well as

infrastructure facilities
b. To encourage the active participation of the private sector
c. To reclaim or undertake reclamation projects as it may deem necessary in

areas adjacent or contiguous to the Conversion Authority’s lands
d. To invest its funds and other assets other than those of the Special Economic
Zones
Correct answer
Which of the following is not a fiscal incentive to BOI-registered 2/2

enterprises?
a. Exemption from VAT
b. Exemption from custom duty on importation of breeding stocks
c. Exemption from income tax
d. Tax credit on raw materials and supplies
Mr. Alvarez is engaged in a retail business. He received a deficiency tax 2/2

The assessment is valid; all that Mr. Alvarez has to know is the amount of the tax.
The assessment is invalid; the law requires a statement of the facts and the law
upon which the assessment is based
the assessment is valid but Mr. Alvarez can still contest it
The assessment is invalid because Mr. Alvarez ahs no way to determine if the
computation is erroneous
Jeopardy assessment is valid ground to compromise a tax liability 2/2
involving deficiency income taxes only, but not for other taxes
Because of doubt as to the validity of the assessment
If the compromise amount does not exceed 10% fo the basic tax
Only when there is an approval of the National Evaluation Board
Bam paid his income tax liability for 2017 on April 15, 2018. It was found 2/2
out later on June 30, 2018 that he overpaid by more than 100,000. The
last day to file a claim for tax refund is?
April 15, 2020
April 15, 2021
June 30, 2015
June 30, 2016
out later on June 30, 2018 that he overpaid by more than 100,000.
Assuming his claim for tax refund was denied and the denial was
received on April 30, 2020. The proper remedy available to Bam is?
Appeal to Court of Tax appeals on or before May 15, 2020
File a motion for reconsideration on or before May 30, 2020
No more remedy since thd 2 year period already expired
Correct answer
Failure to file the return on time will have a civil penalty of _____ of the 2/2
basic tax.
12%
20%
25%
50%
Filing the return with unauthorized revenue officer will have a civil 2/2
penalty of _____ of the basic tax.
12%
20%
25%
50%
Willful neglect to file the return on time will have a civil penalty of _____ 2/2
of the basic tax.
12%
20%
25%
50%
Failure to pay the deficiency tax within the time prescribed for payment 2/2
will have a civil penalty of _____ of the basic tax.
12%
20%
25%
50%
Option 1 Option 2
Option 3 Option 4
Set B Theory - Average & Difficult 0 of 40 points
The 5% special discount granted to PWD on basic and prime 0/2

commodities is limited to purchases not exceeding ____ per calendar
week without carry-over of the unused amount.
1,200
1,300
1,500
2,000
Statement 1: The 20% discount granted to a Senior Citizen carries with it 0/2
an exemption from VAT. Statement 2: The 5% special discount granted to
a Senior Citizen carries with it an exemption from VAT.
Both statement are correct
Both Statements are incorrect
The tax return shall be filed and the tax due shall be paid at the same 0/2
time within ___ days after the close of the month when the taxable
document was signed, issued, accepted or transferred.
5 days
10 days
20 days
30 days
Projects or activities registered prior to the effectivity of CREATE act, or 0/2

under the incentive system provided herein that shall, in the duration of
their incentives, complete relocate from the national capital region, shall
be entitled to:
none of the above
After the province has constructed a barangay road, the Sangguniang 0/2
Panglalawigan may impose a special levy upon the lands specifically
benefited by the road up to an amount not to exceed.
60% of the actual cost, dividing the same between the province and the barangay
100% of the actual project cost without giving any portion to the barangay
100% of the actual project cost, keeping 60% for the province and giving 40% to the
barangay
A municipality may levy an annual ad valorem tax on real property such 0/2
as land, building, machinery, and other improvement only if
the real property is located in the municipality
the DILG authorizes it to do so
the power is delegated to it by the province
Real property taxes should not disregard increases in the value of real 0/2
property occurring over a long period of time. To do otherwise would
violate the canon of a sound tax system referred to as
theoretical justice
administrative feasibility
symbiotic relationship
fiscal adequacy
The special corporate tax rate equivalent to 5% under the CREATE law 0/2
shall
take effect on July 1, 2020
based on gross income
in lieu of all national and local taxes
all of the above
__________ is a selected area with highly developed enterprises or which 0/2

have the potential to be developed into agri-industrial, industrial,
tourist/recreational, commercial, banking, investment and financial
centers (prior to create law)
Pioneer enterprises
investment property plan
less developed areas
Special Economic zone
Prior to CREATE Law, ______ are enterprises registered enterprises 0/2

engaged in the manufacture, processing or production of commodities
or raw materials that are not yet being produced in the Philippines on a
commercial scale
Pioneer enterprises
non-pioneer enterprises
multi-national companies
export-oriented enterprises
The following are the special corporate powers of BCDA under R.A. 7227, 0/2
except
a. To construct, own, lease, operate and maintain public utilities as well as

infrastructure facilities
c. To reclaim or undertake reclamation projects as it may deem necessary in areas

adjacent or contiguous to the Conversion Authority’s lands
d. To invest its funds and other assets other than those of the Special Economic
Zones
Which of the following is not a fiscal incentive to BOI-registered 0/2

enterprises?
a. Exemption from VAT
b. Exemption from custom duty on importation of breeding stocks
c. Exemption from income tax
d. Tax credit on raw materials and supplies
Mr. Alvarez is engaged in a retail business. He received a deficiency tax 0/2

The assessment is valid; all that Mr. Alvarez has to know is the amount of the tax.
The assessment is invalid; the law requires a statement of the facts and the law
upon which the assessment is based
the assessment is valid but Mr. Alvarez can still contest it
The assessment is invalid because Mr. Alvarez ahs no way to determine if the
computation is erroneous
Jeopardy assessment is valid ground to compromise a tax liability 0/2
involving deficiency income taxes only, but not for other taxes
Because of doubt as to the validity of the assessment
If the compromise amount does not exceed 10% fo the basic tax
Only when there is an approval of the National Evaluation Board
out later on June 30, 2018 that he overpaid by more than 100,000. The
last day to file a claim for tax refund is?
April 15, 2020
April 15, 2021
June 30, 2015
June 30, 2016
out later on June 30, 2018 that he overpaid by more than 100,000.
Assuming his claim for tax refund was denied and the denial was
received on April 30, 2020. The proper remedy available to Bam is?
File a motion for reconsideration on or before May 30, 2020
Failure to file the return on time will have a civil penalty of _____ of the 0/2
basic tax.
12%
20%
25%
50%
Filing the return with unauthorized revenue officer will have a civil 0/2
penalty of _____ of the basic tax.
12%
20%
25%
50%
Willful neglect to file the return on time will have a civil penalty of _____ 0/2
of the basic tax.
12%
20%
25%
50%
Failure to pay the deficiency tax within the time prescribed for payment 0/2
will have a civil penalty of _____ of the basic tax.
12%
20%
25%
50%
Option 1 Option 2
Option 3 Option 4
SET A - Senior Citizens Law (R.A. 7432) 9 of 9 points
Senior Citizens Law (R.A. 7432)
1. The amount of gross sales to be reported is _______________ 3/3
10,000,000
2. The amount of other deductible expenses to be reported is 3/3

____________
2,500,000
3. The taxable net income is __________ 3/3
1,500,000
Select a color *
Option 1 Option 2
SET B - Senior Citizens Law (R.A. 7432) 0 of 7 points
Senior Citizens Law (R.A. 7432)
1. The amount of gross sales to be reported is _______________ ···/3
2. The amount of other deductible expenses to be reported is ···/1

____________
3. The taxable net income is __________ ···/3
Select a color *
Option 1 Option 2
SET A - Magna Carta for Disabled Persons (R.A. 7277) 0 of 10 points
Magna Carta for Disabled Persons (R.A. 7277)
1. How much is the amount to be paid by the PWD? ···/1
2. How much is the business tax due of the clinic on its services ···/3
rendered to PWD?
3. Assume the dental clinic is non-VAT registered and its annual gross ···/3
receipts never exceeded the vat threshold. How much is the amount to
be paid by the PWD?
4. Based on the assumption in the immediately preceding number, how ···/3

much is the business tax due of the clinic on its services rendered to the
PWD?
Select a color *
Option 1 Option 2
SET B - Magna Carta for Disabled Persons (R.A. 7277) 6 of 12 points
Magna Carta for Disabled Persons (R.A. 7277)
1. How much is the amount to be paid by the PWD? ···/3
3,000
Correct answer
2,400
2. How much is the business tax due of the clinic on its services ···/3
rendered to PWD?
360
Correct answer
3. Assume the dental clinic is non-VAT registered and its annual gross 3/3
receipts never exceeded the vat threshold. How much is the amount to
be paid by the PWD?
2,688
4. Based on the assumption in the immediately preceding number, how 3/3

much is the business tax due of the clinic on its services rendered to the
PWD?
80.64
Select a color *
Option 1 Option 2
SET A - Taxation under the Local Government Code (R.A. 7160 6 of 6 points
How much is Pamela's community tax? 3/3
205
How much is PHINMA Corporation's community tax? 3/3
2,100
Select a color *
Option 1 Option 2
SET B - Taxation under the Local Government Code (R.A. 7160 0 of 6 points
How much is Pamela's community tax? ···/3
How much is PHINMA Corporation's community tax? ···/3
Select a color *
Option 1 Option 2
SET A - PEZA 0 of 2 points
1. Compute the tax due to National Government. ···/1
900,000
Correct answer
EXEMPT
Feedback
EXEMPT due to income tax holiday for new PEZA registered.
2. Compute the tax due to Local Government ···/1
600,000
Correct answer
EXEMPT
Feedback
EXEMPT due to income tax holiday for new PEZA registered.
Select a color *
Option 1 Option 2
SET A - Tax Remedies 0 of 9 points
1. The correct amount of deficiency interest shall be ···/3
145,315.07
Correct answers
155,178.08
154,849.32
154,849.30
2. The correct amount of delinquency interest shall be ···/3
103,215.09
Correct answers
91,933.29
91,911.79
91,911.70
3. The total amount due on Feb 14, 2021 shall be ···/3
1,498,530.16
Correct answers
1,497,111.37
1,497,111.38
1,496,761.10
1,496,761
Click the doll *
Option 2
SET B - Tax Remedies 0 of 9 points
1. The correct amount of deficiency interest shall be ···/3
2. The correct amount of delinquency interest shall be ···/3
3. The total amount due on Feb 14, 2021 shall be ···/3
Click the doll *
Option 1
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2/16/22, 3:10 PM CFE - Preferential Tax & Remedies

CFE - Preferential Tax & Remedies Total points 64/205

Click your respective Name *

Jermie Ann Regodos Duran

Set A - Theory Easy 17 of 19 points

d. any of the above

Private establishments employing SCs shall be entitled to additional 1/1

a. 5% of the total amount paid as salaries and wages to Senior citizens

A corporation can register as a BMBE. 1/1

Classification of property as residential, agricultural, commercial, 1/1

a. City or Municipal Assessor

b. City or Municipal Mayor

c. City or Municipal Sanggunian

d. City or Municipal Treasurer

b. Declaration by the owner

Documentary Stamp Tax is a tax on documents, instruments, loan 1/1

a. City or Municipal Mayor where such activity is being conducted

d. Vice-Governor who is the presiding officer of the Sanggnuiang Panlalawigan

ECOZONE Service Enterprise is a business entity or concern within the 1/1

a. Prepare the annual and supplemental budgets of the Conversion Authority

b. Submit an annual report of the operation of the Conversion Authority to the

c. Determine the organizational structure of the Conversion Authority, define the

The Philippine Board of Investment is an agency under the 1/1

a. National Economic Development Authority

b. Department of Trade and Industry

c. Office of the President

d. Bureau of Domestic Trade

In the Philippines, the income of Filipino citizens employed in foreign 0/1

d. None of the above

b. Articles of Incorporation (for individual income earner)

c. Special Power of Attorney

d. All are general documentary requirements

a. November 30, 2011;

b. December 30, 2011;

c. January 30, 2012;

d. February 28, 2012.

c. The taxpayer's liability becomes fixed and subject to collection as the

Taxpayer Andy received on January 3, 2010 a preliminary assessment 1/1

b. The FAN is invalid for being premature.

Choose any of the shape * ···/1

Set B - Theory Easy 0 of 18 points

d. any of the above

Private establishments employing SCs shall be entitled to additional 0/1

d. 5% of the total amount paid as salaries and wages to Senior citizens

A partnership can register as a BMBE. 0/1

Classification of property as residential, agricultural, commercial, 0/1

a. City or Municipal Assessor

b. City or Municipal Mayor

c. City or Municipal Sanggunian

d. City or Municipal Treasurer

b. Declaration by the owner

Documentary Stamp Tax is a tax on documents, instruments, loan 0/1

a. City or Municipal Mayor where such activity is being conducted

d. Vice-Governor who is the presiding officer of the Sanggnuiang Panlalawigan

ECOZONE Service Enterprise is a business entity or concern within the 0/1

a. Prepare the annual and supplemental budgets of the Conversion Authority

b. Submit an annual report of the operation of the Conversion Authority to the

c. Determine the organizational structure of the Conversion Authority, define the

The Philippine Board of Investment is an agency under the 0/1

a. National Economic Development Authority

b. Department of Trade and Industry

c. Office of the President