IR Comm'r's authority over large taxpayers' payments

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Republic Act No. 7646: IR Comm'r's authority over large taxpayers' payments

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Title Supreme Court: IR Comm'r's authority over large taxpayers' payments

Law: Republic Act No. 7646

Decision Date: Feb 24, 1993

Republic Act No. 7646 amends the National Internal Revenue Code to allow large taxpayers to pay their internal revenue taxes through collection officers or accredited banks, with separate venues designated for different regions, and imposes penalties for violations; it also includes changes to the receipts for payment made and the authority of the Commissioner to compromise, abate, and refund/credit taxes, with final assessments against large taxpayers requiring approval from the Secretary of Finance.

internal revenue taxes

large taxpayers

payment location

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