Remedies

Question 1

is a written notice to the taxpayer containing a demand for payment of the amount stated therein as the tax due and a definite period within which to pay the same.

Answer 1

assessment

Question 2

what are the procedure for assessment?

Answer 2

• issuance of a Letter of Authority (LOA)
• issuance of a Notice of Discrepancy (ND)
• issuance of a Preliminary Assessment Notice (PAN)
• appeal to the Court of Tax Appeal (CTA)

Question 3

2 remedies for collection of delinquent taxes

Answer 3

judicial action & administrative action

Question 4

is for the collection of taxes may be pursued with or without the pursuit of distraint and levy

Answer 4

civil and criminal actions

Question 5

is the personal property of the taxpayer

Answer 5

distraint

Question 6

the personal property of the taxpayer is physically taken by the distraining officer, within 10 days from receipt of the warrant

Answer 6

actual distraint

Question 7

a copy of the warrant of distraint shall be served upon the taxpayer and upon the president, manager, treasurer, or other responsible officer of the corporation which issues the stock certificates

Answer 7

stocks and other securities

Question 8

a copy of the warrant is left with the person owing the debts or having in his possession or under his control of such credits, or his agent

Answer 8

debts and credits

Question 9

shall be garnished by serving a warrant of garnishment upon the taxpayer and upon the president, manager, treasurer, or other responsible person of the bank

Answer 9

bank accounts

Question 10

if the delinquent taxpayer is retiring from any business subject to tax or is intending to: leave the Philippines or remove his property or hide or conceal or perform any act to obstruct the proceedings for collecting the tax due or which may be due to him

Answer 10

constructive distraint

Question 11

is the real property of the taxpayer

Answer 11

levy

Question 12

at any time before the day fixed for the same, the taxpayer may discontinue all proceedings by paying the taxes, penalties and interest

Answer 12

right of preemption

Question 13

is the equal to the amount of public taxes, penalties, and interest thereon from the date of delinquency to the date of sale

Answer 13

redemption price

Question 14

is a claim or charge on the property, either real or personal, established by law as a security in default of the payment of taxes

Answer 14

tax lien