Behind the Notice of Discrepancy is Closing Conference to reduce deficiency tax assessments

Sure, a Notice of Discrepancy (NOD) in the Philippines is a document issued by the Bureau of Internal Revenue (BIR) that informs a taxpayer of a discrepancy or discrepancy between the information on their tax returns and the actual figures. It is typically used to indicate that the BIR has found a discrepancy between the declared income, deductions, or other details of the tax return and the actual figures, and that additional information or documentation is needed to resolve the discrepancy.

Three good practices for handling a Notice of Discrepancy from BIR are:

(1) Respond promptly to the NOD: It is important to respond to the NOD as soon as possible to avoid any penalties or fines.

(2) Provide accurate and complete information: Ensure that all information and documentation provided in response to the NOD is accurate and complete. This will help to avoid any additional discrepancies and penalties.

(3) Work with a TaxSpecialista: TaxSpecialista are experts in navigating the tax filing process and can help taxpayers to respond to NODs and resolve any discrepancies quickly and efficiently.
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This video explained how you may free yourself from tax ignorance and declare your independence and self-reliance today. Read our laws. Comprehend their meanings. Know their immediate and future effects. Apply them timely and consciously.

THIS PRIVILEGED COMMUNICATION is from Mr Emelino T Maestro and his associates and partners' beliefs and conviction.