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Assessment

The document discusses the timeline for tax assessments in the Philippines, noting that an assessment must be made within three years from the last filing date or actual filing date if filed late, and that assessments are issued through an FLD/FAN. While a Letter of Authority for an audit is not itself an assessment, an assessment would generally result from an examination, so an assessment made today would be outside the three year period.

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Carlo
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44 views1 page

Assessment

The document discusses the timeline for tax assessments in the Philippines, noting that an assessment must be made within three years from the last filing date or actual filing date if filed late, and that assessments are issued through an FLD/FAN. While a Letter of Authority for an audit is not itself an assessment, an assessment would generally result from an examination, so an assessment made today would be outside the three year period.

Uploaded by

Carlo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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BIR Assessment

An assessment must be made within three (3) years from the last day prescribed by law for
the filing of the tax return, for the tax that is being subjected to assessment or from the day
the return was filed, if filed late.

Assessments means by issuing the FLD/FAN.

We understand that LA is not an assessment. However, LA is the first step of the audit
examination process. Assessment is generally the result of the examination. Hence, even if the
assessment be made or issued today, it is already beyond 3 years.

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