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Quiz by Carla Manajero

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8 questions
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  • Q1

    When does a tax become delinquent?

    Fails to file an appeal before the CTA or administrative appeal of the denial of the request for reconsideration or reinvestigation within the prescribed period

    Fails to pay the tax due in  the FAN or FLD that has not been protested, whether for reconsideration or reinvestigation, within the prescribed period

    Fails to file an appeal to the CTA on the denial of the administrative appeal within the prescribed period

    All of the above

    60s
  • Q2

    Which of the following is incorrect?

    The BIR shall advance the amounts needed to defray costs of collection by means of civil or criminal action, including the preservation or transportation of personal property distrained and the advertisement and sale thereof, as well as of real property and improvements thereon

    To safeguard the interest of the Government, the Commissioner may place under constructive distraint the property of a delinquent taxpayer or any taxpayer whois intending to leave the Philippines

    After the expiration of the time required to pay the delinquent tax or delinquent revenue as prescribed in this Section, real property may be levied upon, before simultaneously or after the distraint of personal property belonging to the delinquent

    A report on the distraint shall, within fifteen (15) days from receipt of the warrant, be submitted by the distraining officer to the Revenue District Officer, and to the Revenue Regional Director

    120s
  • Q3

    Starting July 1, 2020 until June 30, 2023, What is the preferential tax rate for Proprietary Educational Institution, Hospitals which are non-profit, and Non-stock, Non-Profit Educational Institutions whose net income or assets accrue/inure to or benefit any member or specific person?

    30%

    10%

    1%

    5%

    45s
  • Q4

    Which of the following is not a violation related to printing of receipts or invoices pursuant to RR 13-2021?

    Printing of receipts or sales or commercial invoices without authority from the BIR

    Printing of unnumbered receipts or sales or commercial invoices, not bearing the name, business style, TIN, and business address of the person or entity

    Printing of double or multiple sets of invoices or receipts

    Modifying, hiding, or deleting records of sales transactions and providing a ready means of access to them.

    45s
  • Q5

    What regulation sets forth the removal of the five(5)-year Validity period on Receipts/Invoices?

    RR 7-2022

    RR 9-2022

    RR 7-2021

    RR 6-2022

    30s
  • Q6

    The following taxpayers are mandated to issue electronic receipts or sales/commercial invoices, except one:

    Taxpayers under the Large taxpayers Services (LTS)

    Taxpayers engaged in electronic commerce (e-commerce)

    Taxpayers under the Taxpayer Account Management Program (TAMP)

    Taxpayers engaged in the export of goods and services

    30s
  • Q7

    Which statement is correct?

    Statement 1: The amortization of the input VAT shall only be allowed until December 31, 2021 after which taxpayers with unutilized input VAT on capital goods purchased or imported shall be allowed to apply the same as scheduled until fully utilized.

    Statement 2: Taxpayers with unutilized input VAT on capital goods purchased or imported prior to January 1, 2022 shall not be allowed to amortize the unutilized input VAT

    both statements are correct

    only statement 2 is correct

    Both statements are incorrect

    only statement 1 is correct

    60s
  • Q8

    What Revenue Memorandum Circular circularizes the lists of withholding agents required to deduct and remit the 1% or 2% Creditable Withholding Tax for the purchase of goods and services under Revenue Regulations No. 31-2020

    RMC 30-2022 and RMC 83-2022

    RMC 27-2022 and RMC 80-2022

    RMC 28-2022 and RMC 81-2022

    RMC 29-2022 and RMC 82-2022

    45s

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