Prescriptive Periods in Tax Assessments Under the National Internal Revenue Code (NIRC)

Part V of the Tax Assessment Lecture Series


Category

Trial and Pre-Trial Skills

Credit Unit

2

DURATION

110:00

EXPIRATION DATE

8/30/2027 12:00:00 AM

OVERVIEW

This course is about prescription periods in tax assessments.

Prescription is a very powerful defense against a tax assessment. Often, tax practitioners would first check whether the tax assessment has already been prescribed or the period for the BIR to collect has been prescribed. No matter how valid the assessment is, prescription serves as a complete defense. A mastery of the prescriptive periods in tax assessments could mean significant savings for your clients.

At the end of this course, you should be able to:

  • Explain the tax code timelines in reference to:

            ○ The period to assess deficiency tax,
            ○ The period to collect the assessed tax,
            ○ The period to file criminal action,
            ○ The period to file a claim for refund;

  • Determine the instances when the prescriptive period to assess and collect tax is suspended;
  • Identify the new requisites of a valid waiver;
  • Identify the requisites for claiming a refund; and
  • Differentiate false return from fraudulent return.

Course Status

AVAILABLE NOW

Course Price

₱886.00

when you avail the Full Compliance (36 Units) bundle

₱1,200.00

Regular price for 1 credit unit course

Lecturer

ATTY. JESUS CLINT O. ARANAS

Managing Partner, Aranas Cruz Araneta Parker & Faustino Law Offices