Scribd Logo
Upload

Welcome to Scribd!

  • 83 views

    Assessment Process

    Uploaded by

    AltheaVergara
    The document outlines the tax assessment process. It begins with the issuance of a Letter of Authority (LOA) to conduct an audit or tax investigation of a taxpayer. If a deficiency is found, the taxpayer is informed and issued a written report. The taxpayer can then pay the tax or dispute it. If disputed, the case is reviewed by the Assessment Division and a preliminary assessment is issued along with a Preliminary Assessment Notice (PAN). The taxpayer can respond and if the response is meritorious, the case is dismissed. Otherwise, a Formal Letter of Demand and Final Assessment Notice (FAN) are issued. The taxpayer can protest within 30 days, and submit supporting documents within 60 days of filing the protest.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Assessment Process

    Uploaded by

    AltheaVergara
    83 views2 pages
    The document outlines the tax assessment process. It begins with the issuance of a Letter of Authority (LOA) to conduct an audit or tax investigation of a taxpayer. If a deficiency is found, the taxpayer is informed and issued a written report. The taxpayer can then pay the tax or dispute it. If disputed, the case is reviewed by the Assessment Division and a preliminary assessment is issued along with a Preliminary Assessment Notice (PAN). The taxpayer can respond and if the response is meritorious, the case is dismissed. Otherwise, a Formal Letter of Demand and Final Assessment Notice (FAN) are issued. The taxpayer can protest within 30 days, and submit supporting documents within 60 days of filing the protest.

    Original Description:

    Tax 2

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document outlines the tax assessment process. It begins with the issuance of a Letter of Authority (LOA) to conduct an audit or tax investigation of a taxpayer. If a deficiency is found, the taxpayer is informed and issued a written report. The taxpayer can then pay the tax or dispute it. If disputed, the case is reviewed by the Assessment Division and a preliminary assessment is issued along with a Preliminary Assessment Notice (PAN). The taxpayer can respond and if the response is meritorious, the case is dismissed. Otherwise, a Formal Letter of Demand and Final Assessment Notice (FAN) are issued. The taxpayer can protest within 30 days, and submit supporting documents within 60 days of filing the protest.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    83 views2 pages

    Assessment Process

    Uploaded by

    AltheaVergara
    The document outlines the tax assessment process. It begins with the issuance of a Letter of Authority (LOA) to conduct an audit or tax investigation of a taxpayer. If a deficiency is found, the taxpayer is informed and issued a written report. The taxpayer can then pay the tax or dispute it. If disputed, the case is reviewed by the Assessment Division and a preliminary assessment is issued along with a Preliminary Assessment Notice (PAN). The taxpayer can respond and if the response is meritorious, the case is dismissed. Otherwise, a Formal Letter of Demand and Final Assessment Notice (FAN) are issued. The taxpayer can protest within 30 days, and submit supporting documents within 60 days of filing the protest.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    ASSESSMENT PROCESS

    ISSUANCE OF LOA

    Audit/Tax Investigation

    NO DEFICIENCY? YES

    END Inform the Taxpayer.


    Issue written report.

    PAY TAX NO Taxpayer disputes? YES

    UPON DISPUTE

    Review by Assessment
    Division of RO or CIR

    DISMISS. NO BASIS? YES

    PRELIMINARY
    ASSESSMENT

    ISSUANCE OF PAN

    Response from YES


    NO
    TAXPAYER

    NO Meritorious? YES
    FORMAL LETTER OF DEMAND &
    FINAL ASSESSMENT NOTICE (FAN)

    DISMISS
    PROTEST (30 DAYS)?

    NO YES

    Becomes FINAL Submit supporting


    and EXECUTORY. documents within 60
    NO CTA APPEAL. days from filing of
    COLLECTION. protest.
    With or without submission of supporting documents.

    CIR decision within 180 days from date of submission


    of documents/filing of protest

    DECISION within
    NO YES
    180 days?

    Appeal to CTA within 30 days after NO Favorable to TP? YES


    lapse of 180 days OR wait for BIR
    decision (Lascona Case, 2012)

    End for TP.


    Sec of Finance
    may review

    NO File MR of the
    CIRs decision? YES

    Appeal to CTA within 30 NO Favorable to TP?


    days from receipt of YES
    adverse decision

    End for TP.


    NO Favorable to TP? YES Sec of Finance
    may review

    File MR
    End for TP.
    CIR may appeal NOTE: Filing of MR will not toll the
    30 days period to appeal. Hence,
    Favorable to TP? YES upon denial, appeal to CTA within
    the remaining period.

    NO

    PETITION FOR
    REVIEW TO SC

    You might also like