Tax Assessment Period Reduction Law

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BATAS PAMBANSA BLG. 700: Tax Assessment Period Reduction Law

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Title Source: Supreme Court: Tax Assessment Period Reduction Law

Law: Batas Pambansa Blg. 700

Decision Date: Apr 5, 1984

Batas Pambansa Blg. 700 amends the National Internal Revenue Code to reduce the period of limitation for the assessment of internal revenue taxes from five years to three years, with exceptions for cases of false or fraudulent returns or failure to file a return.

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