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BIR Subpoena Duces Tecum 25 Frequently Asked Questions with Suggestions

2 Views· 11/26/23
Aryel Narvasa
Aryel Narvasa
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🤍Basic Answers to Common Questions
Q: What should I do if I receive a BIR Letter of Authority?

A: You should cooperate with the BIR revenue officers who will be conducting the audit or investigation. Provide them with all the requested documents and information. You may also want to consult with a tax advisor to help you with the process.

Q: What happens if I disagree with a deficiency assessment?

A: You have 30 days from the date you receive the deficiency assessment to file a protest with the BIR. The protest must be in writing and must state the reasons why you disagree with the assessment.

If the BIR does not approve your protest, you may file a petition with the Court of Tax Appeals.

Q: Can I pay a deficiency assessment in installments?

A: Yes, you may be able to pay a deficiency assessment in installments. However, you must request this from the BIR and the BIR must approve your request.

Other Common Questions
Q: What are the common grounds for deficiency assessments?

A: The common grounds for deficiency assessments include:

Failure to file a tax return
Filing an incorrect tax return
Failure to pay taxes on time
Underreporting of income
Overstating deductions

Q: Can I be audited even if I filed my tax return on time and paid all my taxes?

A: Yes, you can still be audited even if you filed your tax return on time and paid all your taxes. The BIR may select taxpayers for audit for a variety of reasons, such as random selection, industry-wide audits, or specific leads.

Q: What should I do to prepare for an audit?

A: The best way to prepare for an audit is to keep accurate and complete records of your income and expenses. You should also be familiar with the tax laws that apply to you.

How to respond to a BIR subpoena duces tecum
Can I refuse to comply with a BIR subpoena duces tecum?
What happens if I don't comply with a BIR subpoena duces tecum?
Can I challenge a BIR subpoena duces tecum?

BIR subpoena duces tecum definition, requirements, process, sample, deadline, penalties. and for bank records, tax documents, business records, personal records, electronic records, foreign records, third-party records, legal counsel, or tax audit and investigation

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